Flax Pond Capital LLC Takes Position in People Incorporated Common Stock $PPLI

Flax Pond Capital LLC purchased a new stake in People Incorporated Common Stock (NASDAQ:PPLI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 99,705 shares of the company’s stock, valued at approximately $3,898,000. People Incorporated Common Stock accounts for approximately 2.9% of Flax Pond Capital LLC’s investment portfolio, making the stock its 10th biggest position.

A number of other institutional investors have also recently bought and sold shares of the stock. Corient Private Wealth LLC raised its holdings in People Incorporated Common Stock by 54.0% during the 4th quarter. Corient Private Wealth LLC now owns 15,069 shares of the company’s stock worth $589,000 after buying an additional 5,285 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of People Incorporated Common Stock by 8.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,703 shares of the company’s stock worth $653,000 after buying an additional 1,247 shares during the period. Mackenzie Financial Corp increased its position in shares of People Incorporated Common Stock by 29.1% in the fourth quarter. Mackenzie Financial Corp now owns 18,460 shares of the company’s stock worth $729,000 after acquiring an additional 4,160 shares in the last quarter. XTX Topco Ltd increased its position in shares of People Incorporated Common Stock by 285.8% in the fourth quarter. XTX Topco Ltd now owns 29,414 shares of the company’s stock worth $1,150,000 after acquiring an additional 21,790 shares in the last quarter. Finally, Ursa Fund Management LLC acquired a new stake in shares of People Incorporated Common Stock during the fourth quarter valued at approximately $2,932,000. Hedge funds and other institutional investors own 88.90% of the company’s stock.

People Incorporated Common Stock Stock Performance

Shares of NASDAQ:PPLI opened at $42.72 on Friday. The firm has a fifty day moving average of $42.67 and a two-hundred day moving average of $39.74. The firm has a market capitalization of $2.93 billion, a P/E ratio of 115.46 and a beta of 1.02. People Incorporated Common Stock has a 12-month low of $29.56 and a 12-month high of $46.33. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.30.

Analyst Ratings Changes

Several equities research analysts recently commented on PPLI shares. Needham & Company LLC set a $57.00 price target on shares of People Incorporated Common Stock in a research report on Tuesday, March 3rd. Jefferies Financial Group cut shares of People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 price objective on the stock. in a research report on Wednesday, May 6th. Zacks Research raised shares of People Incorporated Common Stock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. UBS Group boosted 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 research note on Wednesday, May 6th. Finally, Barclays increased their target price on People Incorporated Common Stock from $48.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Eight equities 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 has a consensus rating of “Moderate Buy” and an average price target of $53.62.

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.