Nilsine Partners LLC bought a new position in shares of People Incorporated Common Stock (NASDAQ:PPLI – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 32,316 shares of the company’s stock, valued at approximately $1,492,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Aristeia Capital L.L.C. lifted its stake in shares of People Incorporated Common Stock by 100.7% during the fourth quarter. Aristeia Capital L.L.C. now owns 5,702,459 shares of the company’s stock worth $222,966,000 after buying an additional 2,861,871 shares during the period. Corvex Management LP raised its stake in People Incorporated Common Stock by 20.3% in the 4th quarter. Corvex Management LP now owns 3,355,075 shares of the company’s stock worth $131,183,000 after acquiring an additional 566,696 shares during the last quarter. Bank of Montreal Can lifted its position in People Incorporated Common Stock by 42,721.4% during the 4th quarter. Bank of Montreal Can now owns 3,128,104 shares of the company’s stock worth $122,309,000 after acquiring an additional 3,120,799 shares during the period. Patient Capital Management LLC lifted its position in People Incorporated Common Stock by 12.6% during the 4th quarter. Patient Capital Management LLC now owns 2,374,050 shares of the company’s stock worth $92,825,000 after acquiring an additional 265,805 shares during the period. Finally, Helikon Investments Ltd grew its stake in People Incorporated Common Stock by 40.8% during the 4th quarter. Helikon Investments Ltd now owns 1,866,442 shares of the company’s stock valued at $72,978,000 after purchasing an additional 540,643 shares during the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.
People Incorporated Common Stock Stock Performance
NASDAQ PPLI opened at $38.99 on Monday. The firm has a market capitalization of $2.68 billion, a P/E ratio of 8.70 and a beta of 1.03. The stock has a 50-day simple moving average of $42.45 and a two-hundred day simple moving average of $41.41. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.69 and a current ratio of 3.69. People Incorporated Common Stock has a fifty-two week low of $29.56 and a fifty-two week high of $48.32.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on PPLI. Citigroup increased their price objective on People Incorporated Common Stock from $48.00 to $52.00 and gave the company a “buy” rating in a report on Monday, August 17th. Truist Financial upped their target price on People Incorporated Common Stock from $50.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. UBS Group increased their price target on shares of People Incorporated Common Stock from $49.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Benchmark raised their price target on shares of People Incorporated Common Stock from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, TD Cowen restated a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.92.
Check Out Our Latest Stock Report on PPLI
People Incorporated Common Stock 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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