People Incorporated Common Stock (NASDAQ:PPLI) Sets New 1-Year High – Time to Buy?

Shares of People Incorporated Common Stock (NASDAQ:PPLI) hit a new 52-week high during trading on Monday . The company traded as high as $47.00 and last traded at $46.57, with a volume of 10321 shares trading hands. The stock had previously closed at $46.75.

Analysts Set New Price Targets

PPLI has been the topic of several analyst reports. The Goldman Sachs Group boosted their price objective on shares of People Incorporated Common Stock from $48.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Jefferies Financial Group downgraded People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a report on Wednesday, May 6th. Benchmark reiterated a “buy” rating on shares of People Incorporated Common Stock in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. increased their price target on People Incorporated Common Stock from $46.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, UBS Group raised their price objective on People Incorporated Common Stock from $42.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.62.

People Incorporated Common Stock Stock Performance

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 company’s 50-day moving average price is $42.97 and its two-hundred day moving average price is $40.29. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 126.41 and a beta of 1.02.

Institutional Trading of People Incorporated Common Stock

Large investors have recently bought and sold shares of the business. Bank of Montreal Can lifted its stake in shares of People Incorporated Common Stock by 42,721.4% in the 4th quarter. Bank of Montreal Can now owns 3,128,104 shares of the company’s stock valued at $122,309,000 after purchasing an additional 3,120,799 shares during the period. Aristeia Capital L.L.C. boosted its position in shares of People Incorporated Common Stock by 100.7% during the 4th quarter. Aristeia Capital L.L.C. now owns 5,702,459 shares of the company’s stock valued at $222,966,000 after purchasing an additional 2,861,871 shares in the last quarter. Boston Partners acquired a new stake in People Incorporated Common Stock during the fourth quarter worth approximately $29,114,000. Empyrean Capital Partners LP acquired a new stake in People Incorporated Common Stock during the fourth quarter worth approximately $26,471,000. Finally, Corvex Management LP increased its holdings in People Incorporated Common Stock by 20.3% in the fourth quarter. Corvex Management LP now owns 3,355,075 shares of the company’s stock worth $131,183,000 after purchasing an additional 566,696 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors and hedge funds.

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.