People Incorporated Common Stock $PPLI Position Lifted by Orvieto Partners L.P.

Orvieto Partners L.P. boosted its stake in shares of People Incorporated Common Stock (NASDAQ:PPLI) by 9.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,000 shares of the company’s stock after buying an additional 15,000 shares during the quarter. People Incorporated Common Stock makes up 5.8% of Orvieto Partners L.P.’s portfolio, making the stock its 4th largest position. Orvieto Partners L.P.’s holdings in People Incorporated Common Stock were worth $6,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in PPLI. Parallel Advisors LLC increased its position 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 worth $25,000 after acquiring an additional 233 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of 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. Advisory Services Network LLC purchased a new stake in shares of People Incorporated Common Stock in the third quarter valued at approximately $38,000. Quarry LP bought a new position in People Incorporated Common Stock in the fourth quarter worth approximately $59,000. Finally, Rockefeller Capital Management L.P. grew its stake in People Incorporated Common Stock by 251.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,937 shares of the company’s stock worth $76,000 after purchasing an additional 1,386 shares in the last quarter. 88.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on PPLI. Benchmark reiterated a “buy” rating on shares of People Incorporated Common Stock in a report on Tuesday, June 2nd. KeyCorp raised their price target on People Incorporated Common Stock from $41.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Wall Street Zen downgraded People Incorporated Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Citigroup upped their price objective on shares of 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. Finally, Piper Sandler set a $52.00 target price on shares of People Incorporated Common Stock in a report on Thursday, May 7th. Eight 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.62.

People Incorporated Common Stock Trading Down 2.9%

PPLI opened at $42.17 on Friday. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.30. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 113.98 and a beta of 1.02. People Incorporated Common Stock has a 12 month low of $29.56 and a 12 month high of $48.32. The stock has a fifty day moving average price of $43.72 and a 200-day moving average price of $40.88.

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.