People Incorporated Common Stock $PPLI Shares Bought by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. lifted its position in People Incorporated Common Stock (NASDAQ:PPLI) by 100.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,702,459 shares of the company’s stock after acquiring an additional 2,861,871 shares during the period. People Incorporated Common Stock makes up 4.9% of Aristeia Capital L.L.C.’s investment portfolio, making the stock its 3rd largest position. Aristeia Capital L.L.C. owned 0.08% of People Incorporated Common Stock worth $222,966,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PPLI. Goldman Sachs Group Inc. boosted its position in People Incorporated Common Stock by 38.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 415,484 shares of the company’s stock valued at $19,087,000 after purchasing an additional 115,652 shares during the period. United Services Automobile Association bought a new stake in shares of People Incorporated Common Stock in the 1st quarter worth $207,000. Empowered Funds LLC raised its stake in shares of People Incorporated Common Stock by 9.8% in the 1st quarter. Empowered Funds LLC now owns 8,037 shares of the company’s stock worth $369,000 after buying an additional 718 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of People Incorporated Common Stock in the 1st quarter worth $270,000. Finally, Creative Planning raised its stake in shares of People Incorporated Common Stock by 8.8% in the 2nd quarter. Creative Planning now owns 11,619 shares of the company’s stock worth $434,000 after buying an additional 944 shares in the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PPLI shares. Barclays boosted their target price on People Incorporated Common Stock from $48.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Benchmark restated a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday, June 2nd. TD Cowen boosted their target price on People Incorporated Common Stock from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Needham & Company LLC set a $57.00 price target on People Incorporated Common Stock in a research note on Tuesday, March 3rd. Finally, KeyCorp boosted their price objective on People Incorporated Common Stock from $41.00 to $51.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $53.62.

People Incorporated Common Stock Trading Down 1.5%

PPLI stock opened at $42.38 on Thursday. People Incorporated Common Stock has a 1-year low of $29.56 and a 1-year high of $46.33. The firm has a market cap of $2.91 billion, a P/E ratio of 114.54 and a beta of 1.02. The business’s 50 day moving average is $42.58 and its 200-day moving average is $39.67. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.30.

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.