People Incorporated Common Stock $PPLI Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its position in People Incorporated Common Stock (NASDAQ:PPLI) by 16.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 168,655 shares of the company’s stock after selling 33,092 shares during the period. Legal & General Group Plc owned 0.24% of People Incorporated Common Stock worth $6,594,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new position in People Incorporated Common Stock in the third quarter worth about $6,050,000. UBS Group AG grew its stake in People Incorporated Common Stock by 11.4% in the fourth quarter. UBS Group AG now owns 781,195 shares of the company’s stock worth $30,545,000 after purchasing an additional 79,755 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of People Incorporated Common Stock by 8.7% during the third quarter. Public Sector Pension Investment Board now owns 504,604 shares of the company’s stock valued at $17,192,000 after purchasing an additional 40,468 shares during the last quarter. Highbridge Capital Management LLC raised its position in shares of People Incorporated Common Stock by 68.9% during the 3rd quarter. Highbridge Capital Management LLC now owns 484,325 shares of the company’s stock worth $16,501,000 after purchasing an additional 197,590 shares during the period. Finally, Yakira Capital Management Inc. lifted its holdings in shares of People Incorporated Common Stock by 24.8% in the 3rd quarter. Yakira Capital Management Inc. now owns 223,078 shares of the company’s stock worth $7,600,000 after purchasing an additional 44,267 shares during the last quarter. 88.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on PPLI shares. UBS Group raised their price target on People Incorporated Common Stock from $42.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Weiss Ratings raised People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 27th. Wall Street Zen downgraded People Incorporated Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Needham & Company LLC set a $57.00 price target on People Incorporated Common Stock in a report on Tuesday, March 3rd. Finally, Citigroup increased their price objective on shares of People Incorporated Common Stock from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Nine 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.14.

People Incorporated Common Stock Stock Performance

Shares of PPLI stock opened at $41.70 on Friday. People Incorporated Common Stock has a 12-month low of $29.56 and a 12-month high of $46.33. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 112.71 and a beta of 1.02. The business has a 50 day simple moving average of $42.13 and a 200 day simple moving average of $39.10. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.69 and a quick ratio of 3.69.

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.