Bank of New York Mellon Corp Lowers Stock Position in People Incorporated Common Stock $PPLI

Bank of New York Mellon Corp cut its holdings in People Incorporated Common Stock (NASDAQ:PPLI) by 4.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,775 shares of the company’s stock after selling 15,779 shares during the quarter. Bank of New York Mellon Corp owned 0.47% of People Incorporated Common Stock worth $13,321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. New Age Alpha Advisors LLC grew its holdings in shares of People Incorporated Common Stock by 3.5% during the fourth quarter. New Age Alpha Advisors LLC now owns 9,104 shares of the company’s stock worth $356,000 after buying an additional 309 shares in the last quarter. Bleakley Financial Group LLC lifted its stake in shares of People Incorporated Common Stock by 1.2% during the first quarter. Bleakley Financial Group LLC now owns 34,592 shares of the company’s stock valued at $1,385,000 after buying an additional 404 shares during the period. Franklin Resources Inc. raised its holdings in People Incorporated Common Stock by 7.9% in the 4th quarter. Franklin Resources Inc. now owns 6,439 shares of the company’s stock valued at $252,000 after acquiring an additional 471 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in People Incorporated Common Stock by 173.4% in the 4th quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock valued at $31,000 after acquiring an additional 496 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of People Incorporated Common Stock by 4.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 12,940 shares of the company’s stock worth $506,000 after purchasing an additional 553 shares during the period. Institutional investors and hedge funds own 88.90% of the company’s stock.

People Incorporated Common Stock Stock Up 0.3%

PPLI opened at $41.57 on Friday. People Incorporated Common Stock has a 12 month low of $29.56 and a 12 month high of $48.32. The stock’s 50 day moving average price is $43.85 and its 200 day moving average price is $40.98. 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 $2.85 billion, a P/E ratio of 112.35 and a beta of 1.02.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PPLI shares. The Goldman Sachs Group boosted their price objective on shares of People Incorporated Common Stock from $48.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Citigroup boosted their price target on People Incorporated Common Stock from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Barclays raised their price objective on People Incorporated Common Stock from $48.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Piper Sandler set a $52.00 price objective on People Incorporated Common Stock in a research note on Thursday, May 7th. Finally, KeyCorp boosted their target price on People Incorporated Common Stock from $41.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.62.

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.