People Incorporated Common Stock (NASDAQ:PPLI – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $47.00 and last traded at $46.57, with a volume of 10321 shares trading hands. The stock had previously closed at $46.75.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Barclays lifted their target price on People Incorporated Common Stock from $48.00 to $55.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Citigroup raised their price target on People Incorporated Common Stock from $44.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. TD Cowen lifted their price objective on shares of People Incorporated Common Stock from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. KeyCorp upped their price objective on shares of People Incorporated Common Stock from $41.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings upgraded shares of People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, People Incorporated Common Stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.62.
Get Our Latest Report on People Incorporated Common Stock
People Incorporated Common Stock Trading Up 0.8%
Hedge Funds Weigh In On People Incorporated Common Stock
Hedge funds have recently bought and sold shares of the business. Tudor Investment Corp ET AL bought a new position in shares of People Incorporated Common Stock during the third quarter worth approximately $6,050,000. UBS Group AG boosted its stake in shares of People Incorporated Common Stock by 11.4% in the fourth quarter. UBS Group AG now owns 781,195 shares of the company’s stock valued at $30,545,000 after buying an additional 79,755 shares during the period. Davis Selected Advisers grew its position in People Incorporated Common Stock by 12.1% during the fourth quarter. Davis Selected Advisers now owns 2,514,072 shares of the company’s stock worth $98,301,000 after buying an additional 270,383 shares in the last quarter. Factorial Partners LLC grew its position in People Incorporated Common Stock by 41.2% during the fourth quarter. Factorial Partners LLC now owns 48,000 shares of the company’s stock worth $1,877,000 after buying an additional 14,000 shares in the last quarter. Finally, Brooktree Capital Management increased its stake in People Incorporated Common Stock by 9.6% during the 4th quarter. Brooktree Capital Management now owns 320,899 shares of the company’s stock worth $12,547,000 after acquiring an additional 28,221 shares during the period. 88.90% of the stock is owned by institutional investors.
People Incorporated Common Stock Company Profile
IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.
In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.
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