People Incorporated Common Stock $PPLI is Harspring Capital Management LLC’s 10th Largest Position

Harspring Capital Management LLC reduced its stake in shares of People Incorporated Common Stock (NASDAQ:PPLI) by 35.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315,000 shares of the company’s stock after selling 175,000 shares during the quarter. People Incorporated Common Stock makes up 4.6% of Harspring Capital Management LLC’s holdings, making the stock its 10th largest position. Harspring Capital Management LLC’s holdings in People Incorporated Common Stock were worth $12,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in PPLI. Bank of Montreal Can raised its stake in 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 valued at $122,309,000 after buying an additional 3,120,799 shares during the last quarter. Boston Partners purchased a new stake in People Incorporated Common Stock in the fourth quarter valued at about $29,114,000. Helikon Investments Ltd raised its stake in People Incorporated Common Stock by 40.8% in the fourth quarter. Helikon Investments Ltd now owns 1,866,442 shares of the company’s stock valued at $72,978,000 after buying an additional 540,643 shares during the last quarter. AQR Capital Management LLC raised its stake in People Incorporated Common Stock by 43.8% in the third quarter. AQR Capital Management LLC now owns 1,148,280 shares of the company’s stock valued at $39,122,000 after buying an additional 349,969 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new stake in People Incorporated Common Stock in the fourth quarter valued at about $12,067,000. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on PPLI. The Goldman Sachs Group increased their price target on 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. Wall Street Zen cut People Incorporated Common Stock from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Benchmark reiterated a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday, June 2nd. Barclays increased their price target on People Incorporated Common Stock from $48.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, KeyCorp increased their price target 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 equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, People Incorporated Common Stock has an average rating of “Moderate Buy” and a consensus target price of $53.62.

People Incorporated Common Stock Stock Up 0.5%

People Incorporated Common Stock stock opened at $42.64 on Friday. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 115.25 and a beta of 1.02. People Incorporated Common Stock has a 52 week low of $29.56 and a 52 week high of $46.33. The business’s 50-day moving average price is $42.41 and its 200 day moving average price is $39.45. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.30.

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.