People Incorporated Common Stock $PPLI Position Cut by Legal & General Group Plc

Legal & General Group Plc trimmed its holdings in People Incorporated Common Stock (NASDAQ:PPLI) by 16.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,655 shares of the company’s stock after selling 33,092 shares during the quarter. Legal & General Group Plc’s holdings in People Incorporated Common Stock were worth $6,594,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Elevation Wealth Partners LLC acquired a new stake in People Incorporated Common Stock in the fourth quarter worth approximately $25,000. Hantz Financial Services Inc. lifted its position in 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 purchasing an additional 496 shares during the period. Advisory Services Network LLC acquired a new stake in People Incorporated Common Stock in the third quarter worth approximately $38,000. JFS Wealth Advisors LLC acquired a new stake in People Incorporated Common Stock in the third quarter worth approximately $39,000. Finally, Geneos Wealth Management Inc. lifted its position in People Incorporated Common Stock by 96.2% in the second quarter. Geneos Wealth Management Inc. now owns 3,060 shares of the company’s stock worth $114,000 after purchasing an additional 1,500 shares during the period. 88.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PPLI shares. JPMorgan Chase & Co. upped their target price on People Incorporated Common Stock from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Wall Street Zen downgraded People Incorporated Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Needham & Company LLC set a $57.00 target price on People Incorporated Common Stock in a research report on Tuesday, March 3rd. TD Cowen upped their target price on People Incorporated Common Stock from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Finally, Benchmark restated a “buy” rating on shares of People Incorporated Common Stock in a research report on Tuesday. Nine investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, People Incorporated Common Stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.14.

People Incorporated Common Stock Price Performance

NASDAQ PPLI opened at $41.70 on Friday. The stock has a market capitalization of $2.86 billion, a P/E ratio of 112.71 and a beta of 1.02. People Incorporated Common Stock has a 1 year low of $29.56 and a 1 year high of $46.33. The business’s fifty day moving average is $42.13 and its two-hundred day moving average is $39.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.69 and a current ratio of 3.69.

People Incorporated Common Stock Company 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.