JPMorgan Chase & Co. Trims Stock Holdings in IAC Inc. $IAC
JPMorgan Chase & Co. significantly reduced its stake in IAC Inc. during the third quarter of 2025, selling 44.4% of its holdings, which amounted to nearly 3 million shares. This move leaves JPMorgan holding 3.65 million shares of IAC, valued at approximately $124.35 million. IAC recently reported a quarterly loss and a substantial year-over-year revenue decrease, indicating ongoing challenges despite a "Moderate Buy" consensus from analysts.