Highbridge Capital Management LLC Sells 66,873 Shares of People Incorporated Common Stock $PPLI

Highbridge Capital Management LLC reduced its position in shares of People Incorporated Common Stock (NASDAQ:PPLI) by 13.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 417,452 shares of the company’s stock after selling 66,873 shares during the quarter. Highbridge Capital Management LLC owned about 0.58% of People Incorporated Common Stock worth $16,322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Davis Selected Advisers raised its holdings in People Incorporated Common Stock by 12.1% during the 4th quarter. Davis Selected Advisers now owns 2,514,072 shares of the company’s stock worth $98,301,000 after purchasing an additional 270,383 shares during the last quarter. Helikon Investments Ltd raised its holdings 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 worth $72,978,000 after purchasing an additional 540,643 shares during the last quarter. AQR Capital Management LLC raised its holdings in People Incorporated Common Stock by 43.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,148,280 shares of the company’s stock worth $39,122,000 after purchasing an additional 349,969 shares during the last quarter. Newtyn Management LLC raised its holdings in People Incorporated Common Stock by 10.0% during the 3rd quarter. Newtyn Management LLC now owns 1,100,000 shares of the company’s stock worth $37,477,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Arkhouse Management Co. LP raised its holdings in People Incorporated Common Stock by 0.3% during the 3rd quarter. Arkhouse Management Co. LP now owns 800,061 shares of the company’s stock worth $27,258,000 after purchasing an additional 2,391 shares during the last quarter. 88.90% of the stock is owned by institutional investors.

People Incorporated Common Stock Stock Performance

Shares of PPLI stock opened at $42.20 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.69 and a quick ratio of 3.69. The stock has a market cap of $2.89 billion, a PE ratio of 114.07 and a beta of 1.02. The stock has a 50-day moving average of $42.13 and a 200-day moving average of $39.10. People Incorporated Common Stock has a one year low of $29.56 and a one year high of $46.33.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PPLI. The Goldman Sachs Group boosted their price objective on People Incorporated Common Stock from $48.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings raised People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 27th. TD Cowen boosted their price objective on People Incorporated Common Stock from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Jefferies Financial Group cut People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a report on Wednesday, May 6th. Finally, Wall Street Zen cut People Incorporated Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, People Incorporated Common Stock presently has an average rating of “Moderate Buy” and an average price target of $53.14.

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.