Whitebox Advisors LLC increased its position in shares of People Incorporated Common Stock (NASDAQ:PPLI – Free Report) by 71.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 217,383 shares of the company’s stock after purchasing an additional 90,819 shares during the quarter. Whitebox Advisors LLC’s holdings in People Incorporated Common Stock were worth $8,702,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in People Incorporated Common Stock by 61.3% in the first quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock valued at $25,000 after purchasing an additional 233 shares during the last quarter. New Age Alpha Advisors LLC increased its position in shares of People Incorporated Common Stock by 3.5% in the fourth quarter. New Age Alpha Advisors LLC now owns 9,104 shares of the company’s stock valued at $356,000 after buying an additional 309 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of People Incorporated Common Stock by 1.2% during the 1st quarter. Bleakley Financial Group LLC now owns 34,592 shares of the company’s stock worth $1,385,000 after buying an additional 404 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of People Incorporated Common Stock by 7.9% during the 4th quarter. Franklin Resources Inc. now owns 6,439 shares of the company’s stock worth $252,000 after buying an additional 471 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of People Incorporated Common Stock by 173.4% during the 4th quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock worth $31,000 after buying an additional 496 shares during the last quarter. 88.90% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the stock. Jefferies Financial Group cut shares of People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 price objective on the stock. in a research note on Wednesday, May 6th. UBS Group lifted their target price on shares of People Incorporated Common Stock from $42.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Benchmark reaffirmed a “buy” rating on shares of People Incorporated Common Stock in a report on Tuesday, June 2nd. Piper Sandler set a $52.00 price target on shares of People Incorporated Common Stock in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of People Incorporated Common Stock from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.62.
People Incorporated Common Stock Stock Performance
NASDAQ PPLI opened at $41.69 on Monday. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.30. People Incorporated Common Stock has a fifty-two week low of $29.56 and a fifty-two week high of $48.32. The business has a fifty day moving average of $43.76 and a 200-day moving average of $40.90. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 112.68 and a beta of 1.02.
About People Incorporated Common Stock
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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