Hsbc Holdings PLC Makes New $683,000 Investment in People Incorporated Common Stock $PPLI

Hsbc Holdings PLC purchased a new stake in shares of People Incorporated Common Stock (NASDAQ:PPLI) during the 1st quarter, HoldingsChannel reports. The firm purchased 17,147 shares of the company’s stock, valued at approximately $683,000.

A number of other hedge funds have also modified their holdings of the company. Bank of Montreal Can raised its stake in shares of People Incorporated Common Stock by 42,721.4% in the fourth quarter. Bank of Montreal Can now owns 3,128,104 shares of the company’s stock worth $122,309,000 after purchasing an additional 3,120,799 shares during the last quarter. Aristeia Capital L.L.C. boosted its position in People Incorporated Common Stock by 100.7% in the fourth quarter. Aristeia Capital L.L.C. now owns 5,702,459 shares of the company’s stock valued at $222,966,000 after buying an additional 2,861,871 shares during the last quarter. Boston Partners purchased a new stake in People Incorporated Common Stock in the fourth quarter valued at approximately $29,114,000. Empyrean Capital Partners LP acquired a new position in People Incorporated Common Stock in the 4th quarter worth approximately $26,471,000. Finally, Corvex Management LP increased its holdings 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 buying an additional 566,696 shares during the period. 88.90% of the stock is owned by institutional investors and hedge funds.

People Incorporated Common Stock Trading Down 1.3%

Shares of NASDAQ:PPLI opened at $41.45 on Friday. People Incorporated Common Stock has a 12-month low of $29.56 and a 12-month high of $48.32. The company has a market capitalization of $2.84 billion, a PE ratio of 112.03 and a beta of 1.02. The business has a 50 day moving average of $43.86 and a two-hundred day moving average of $40.97. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.30.

Analyst Ratings Changes

PPLI has been the subject of a number of recent research reports. Piper Sandler set a $52.00 price target on shares of People Incorporated Common Stock in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of People Incorporated Common Stock from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. UBS Group raised 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 report on Wednesday, May 6th. KeyCorp boosted their target price on shares of People Incorporated Common Stock from $41.00 to $51.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group lowered shares of People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a report on Wednesday, May 6th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.62.

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.