People Incorporated Common Stock $PPLI Shares Sold by Yakira Capital Management Inc.

Yakira Capital Management Inc. decreased its stake in People Incorporated Common Stock (NASDAQ:PPLI) by 9.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 202,790 shares of the company’s stock after selling 20,288 shares during the period. People Incorporated Common Stock accounts for about 2.7% of Yakira Capital Management Inc.’s holdings, making the stock its 10th biggest holding. Yakira Capital Management Inc. owned 0.28% of People Incorporated Common Stock worth $7,929,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. MML Investors Services LLC increased its stake in shares of People Incorporated Common Stock by 9.6% in the fourth quarter. MML Investors Services LLC now owns 15,476 shares of the company’s stock valued at $605,000 after buying an additional 1,356 shares during the period. Entropy Technologies LP increased its stake in shares of People Incorporated Common Stock by 257.0% in the fourth quarter. Entropy Technologies LP now owns 49,550 shares of the company’s stock valued at $1,937,000 after buying an additional 35,672 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in People Incorporated Common Stock during the fourth quarter worth approximately $441,000. Kestra Advisory Services LLC acquired a new stake in People Incorporated Common Stock during the fourth quarter worth approximately $80,000. Finally, FORA Capital LLC acquired a new stake in People Incorporated Common Stock during the fourth quarter worth approximately $399,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

People Incorporated Common Stock Price Performance

Shares of NASDAQ:PPLI opened at $42.64 on Monday. The business’s 50 day simple moving average is $42.41 and its two-hundred day simple moving average is $39.50. The firm has a market cap of $2.93 billion, a P/E ratio of 115.25 and a beta of 1.02. 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 has a 52-week low of $29.56 and a 52-week high of $46.33.

Analyst Upgrades and Downgrades

PPLI has been the subject of several recent analyst reports. Citigroup raised their target price on People Incorporated Common Stock from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. TD Cowen raised their target price on People Incorporated Common Stock from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Wall Street Zen cut People Incorporated Common Stock from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Needham & Company LLC set a $57.00 target price on People Incorporated Common Stock in a research note on Tuesday, March 3rd. Finally, Benchmark reaffirmed a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday, June 2nd. 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.62.

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.