Louisiana State Employees Retirement System Purchases Shares of 28,900 People Incorporated Common Stock $PPLI

Louisiana State Employees Retirement System purchased a new position in shares of People Incorporated Common Stock (NASDAQ:PPLI) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,900 shares of the company’s stock, valued at approximately $1,157,000.

Other large investors also recently modified their holdings of the company. New Age Alpha Advisors LLC raised its holdings in People Incorporated Common Stock by 3.5% in the fourth quarter. New Age Alpha Advisors LLC now owns 9,104 shares of the company’s stock valued at $356,000 after buying an additional 309 shares during the period. Franklin Resources Inc. grew its stake in People Incorporated Common Stock by 7.9% during the fourth quarter. Franklin Resources Inc. now owns 6,439 shares of the company’s stock worth $252,000 after buying an additional 471 shares during the period. Hantz Financial Services Inc. increased its position in shares of People Incorporated Common Stock by 173.4% in the fourth quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock worth $31,000 after acquiring an additional 496 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of People Incorporated Common Stock by 4.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 12,940 shares of the company’s stock worth $506,000 after acquiring an additional 553 shares in the last quarter. Finally, Elevation Wealth Partners LLC purchased a new position in shares of People Incorporated Common Stock in the 4th quarter valued at $25,000. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

People Incorporated Common Stock Price Performance

Shares of PPLI stock opened at $46.75 on Friday. The company has a market capitalization of $3.21 billion, a PE ratio of 126.35 and a beta of 1.02. The firm has a fifty day simple moving average of $42.97 and a 200-day simple moving average of $40.27. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.30. People Incorporated Common Stock has a twelve month low of $29.56 and a twelve month high of $46.88.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. UBS Group lifted their target price on shares of People Incorporated Common Stock from $42.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Zacks Research raised People Incorporated Common Stock from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 11th. Benchmark restated a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday, June 2nd. Wall Street Zen downgraded People Incorporated Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, KeyCorp increased their target price on People Incorporated Common Stock from $41.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Eight 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, the company has an average rating of “Moderate Buy” and a consensus target price 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.