JPMorgan Amends IAC Inc. Stake on Dec 29, 2023

Ticker: IAC · Form: SC 13G/A · Filed: 2024-01-23T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, beneficial-ownership

TL;DR

**JPMorgan Chase & Co. updated its IAC Inc. holdings, signaling a change in its significant stake.**

AI Summary

JPMorgan Chase & Co. filed an amended Schedule 13G/A on January 23, 2024, indicating a change in their beneficial ownership of IAC Inc. common stock as of December 29, 2023. This filing, an amendment to a previous disclosure, signals that JPMorgan Chase & Co. continues to hold a significant, though potentially adjusted, stake in IAC Inc. For investors, this matters because large institutional holdings can influence stock stability and signal confidence (or lack thereof) in the company's future prospects.

Why It Matters

This filing shows that a major financial institution, JPMorgan Chase & Co., has adjusted its position in IAC Inc., which can impact investor sentiment and the stock's perceived stability.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a large institutional investor, indicating a change in ownership rather than a new, unexpected event.

Analyst Insight

An investor should note that a major institution like JPMorgan Chase & Co. is actively managing its position in IAC Inc. While this specific filing doesn't detail the magnitude of the change, it suggests ongoing institutional interest. Further investigation into the specific percentage of ownership (which would be on the cover page not provided here) would be the next logical step to understand the full impact.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change in beneficial ownership of securities.

Who is the filer of this SC 13G/A?

The filer of this SC 13G/A is JPMorgan Chase & Co., with a Central Index Key (CIK) of 0000019617.

What is the subject company of this filing?

The subject company is IAC Inc., identified by the CIK 0001800227, whose common stock is being reported.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'x' next to the rule on the filing.

From the Filing

0000019617-24-000122.txt : 20240123 0000019617-24-000122.hdr.sgml : 20240123 20240123094030 ACCESSION NUMBER: 0000019617-24-000122 CONFORMED SUBMISSION TYPE: SC 13G/A CONFIRMING COPY: PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240123 DATE AS OF CHANGE: 20240123 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: IAC Inc. CENTRAL INDEX KEY: 0001800227 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology IRS NUMBER: 843727412 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-91559 BUSINESS ADDRESS: STREET 1: 555 WEST 18TH STREET CITY: NEW YORK STATE: NY ZIP: 10011 BUSINESS PHONE: (212) 314-7300 MAIL ADDRESS: STREET 1: 555 WEST 18TH STREET CITY: NEW YORK STATE: NY ZIP: 10011 FORMER COMPANY: FORMER CONFORMED NAME: IAC/InterActiveCorp DATE OF NAME CHANGE: 20200702 FORMER COMPANY: FORMER CONFORMED NAME: IAC Holdings, Inc. DATE OF NAME CHANGE: 20200115 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JPMORGAN CHASE & CO CENTRAL INDEX KEY: 0000019617 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] ORGANIZATION NAME: 02 Finance IRS NUMBER: 132624428 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2122706000 MAIL ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: J P MORGAN CHASE & CO DATE OF NAME CHANGE: 20010102 FORMER COMPANY: FORMER CONFORMED NAME: CHASE MANHATTAN CORP /DE/ DATE OF NAME CHANGE: 19960402 FORMER COMPANY: FORMER CONFORMED NAME: CHEMICAL BANKING CORP DATE OF NAME CHANGE: 19920703 SC 13G/A 1 IAC_INC.htm FILING IAC INC. Schedule 13G   UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   SCHEDULE 13G     Under the Securities Exchange Act of 1934 (Amendment No. 01 )*   IAC INC.   (Name of Issuer)   Common stock, par value $0.0001 (Title of Class of Securities)   44891N208 (CUSIP Number)   December 29, 2023 (Date of Event Which Requires Filing of this Statement)   Check the appropriate box to designate the rule pursuant to which this Schedule is filed:        x  Rule 13d-1(b)        o  Rule 13d-1(c)        o  Rule 13d-1(d)   * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.   The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).           CUSIP No.  44891N208                           1   NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)   JPMORGAN CHASE & CO. 13-2624428       2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)   (a)   o   (b)   o       3   SEC USE ONLY               4   CITIZENSHIP OR PLACE OF ORGANIZATION       Delaware         NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH:  5   SOLE VOTING POWER       5,153,541       6   SHARED VOTING POWER       97     &#16

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