29,622 Shares in People Incorporated Common Stock $PPLI Bought by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda acquired a new stake in People Incorporated Common Stock (NASDAQ:PPLI) in the second quarter, HoldingsChannel reports. The firm acquired 29,622 shares of the company’s stock, valued at approximately $15,214,000. People Incorporated Common Stock makes up about 1.5% of SPX Gestao de Recursos Ltda’s holdings, making the stock its 26th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in shares of People Incorporated Common Stock by 61.3% during the first quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock valued at $25,000 after acquiring an additional 233 shares during the last quarter. New Age Alpha Advisors LLC grew its stake in shares of People Incorporated Common Stock by 3.5% in the fourth quarter. New Age Alpha Advisors LLC now owns 9,104 shares of the company’s stock worth $356,000 after purchasing an additional 309 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of People Incorporated Common Stock by 1.2% in the first quarter. Bleakley Financial Group LLC now owns 34,592 shares of the company’s stock worth $1,385,000 after purchasing an additional 404 shares during the last quarter. Franklin Resources Inc. increased its holdings in People Incorporated Common Stock by 7.9% in the fourth quarter. Franklin Resources Inc. now owns 6,439 shares of the company’s stock valued at $252,000 after purchasing an additional 471 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings 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 valued at $31,000 after purchasing an additional 496 shares during the period. 88.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Citigroup raised their target price on People Incorporated Common Stock from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. UBS Group upped their price target on People Incorporated Common Stock from $49.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. 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 research report on Wednesday, May 6th. Jefferies Financial Group lowered 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 note on Wednesday, May 6th. Finally, Benchmark upped their target price on People Incorporated Common Stock from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $55.92.

People Incorporated Common Stock Stock Performance

PPLI stock opened at $39.14 on Friday. The firm has a market cap of $2.69 billion, a PE ratio of 8.74 and a beta of 1.04. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $42.84 and a 200-day moving average price of $41.25. People Incorporated Common Stock has a 1-year low of $29.56 and a 1-year high of $48.32.

People Incorporated Common Stock (NASDAQ:PPLI) last released its earnings results on Monday, August 3rd. The company reported $6.68 EPS for the quarter, topping the consensus estimate of ($0.40) by $7.08. The business had revenue of $436.74 million during the quarter, compared to analysts’ expectations of $433.77 million. People Incorporated Common Stock had a return on equity of 8.48% and a net margin of 16.05%.The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.57 earnings per share. As a group, equities research analysts expect that People Incorporated Common Stock will post 6.97 earnings per share for the current year.

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.