Boyar Asset Management Inc. Has $780,000 Position in IAC Inc. (NASDAQ:IAC)

Boyar Asset Management Inc. cut its holdings in shares of IAC Inc. (NASDAQ:IAC) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,089 shares of the company’s stock after selling 1,119 shares during the period. Boyar Asset Management Inc.’s holdings in IAC were worth $780,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IAC. Aster Capital Management DIFC Ltd lifted its holdings in shares of IAC by 287.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 616 shares of the company’s stock worth $27,000 after purchasing an additional 457 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in IAC during the 4th quarter worth $41,000. MassMutual Private Wealth & Trust FSB raised its position in IAC by 1,398.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,053 shares of the company’s stock worth $89,000 after purchasing an additional 1,916 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in IAC during the 4th quarter worth about $135,000. Finally, Allworth Financial LP grew its position in shares of IAC by 1,193.4% in the 4th quarter. Allworth Financial LP now owns 3,337 shares of the company’s stock valued at $139,000 after buying an additional 3,079 shares during the last quarter. 88.90% of the stock is owned by institutional investors.

IAC Stock Up 0.9 %

IAC stock opened at $35.79 on Wednesday. The stock’s 50 day simple moving average is $40.96 and its 200 day simple moving average is $44.38. The company has a market cap of $2.77 billion, a P/E ratio of -5.49 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.75 and a current ratio of 2.80. IAC Inc. has a fifty-two week low of $32.05 and a fifty-two week high of $58.29.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Benchmark cut their price objective on IAC from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. UBS Group dropped their price target on shares of IAC from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Truist Financial decreased their price objective on shares of IAC from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Barclays lowered their target price on shares of IAC from $66.00 to $61.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Finally, KeyCorp upped their price target on shares of IAC from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.15.

IAC Company Profile

IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle.