Sei Investments Co. Has $1.76 Million Stock Position in People Incorporated Common Stock $PPLI

Sei Investments Co. lowered its position in shares of People Incorporated Common Stock (NASDAQ:PPLI) by 61.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,957 shares of the company’s stock after selling 71,307 shares during the quarter. Sei Investments Co.’s holdings in People Incorporated Common Stock were worth $1,759,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Parallel Advisors LLC boosted its stake in People Incorporated Common Stock by 61.3% in the 1st quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock worth $25,000 after purchasing an additional 233 shares during the period. Hantz Financial Services Inc. raised its stake in People Incorporated Common Stock by 173.4% during the 4th 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 acquired a new stake in People Incorporated Common Stock during the 3rd quarter valued at $38,000. Quarry LP purchased a new stake in shares of People Incorporated Common Stock in the fourth quarter valued at $59,000. Finally, Rockefeller Capital Management L.P. boosted its position in shares of 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 buying an additional 1,386 shares during the period. Hedge funds and other institutional investors own 88.90% of the company’s stock.

People Incorporated Common Stock Price Performance

PPLI opened at $41.58 on Monday. People Incorporated Common Stock has a fifty-two week low of $29.56 and a fifty-two week high of $48.32. The business has a 50-day moving average of $43.82 and a 200-day moving average of $41.11. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.69 and a quick ratio of 3.69. The company has a market capitalization of $2.86 billion, a PE ratio of 9.28 and a beta of 1.04.

People Incorporated Common Stock (NASDAQ:PPLI) last announced its quarterly earnings results on Monday, August 3rd. The company reported $6.68 EPS for the quarter, beating the consensus estimate of ($0.40) by $7.08. People Incorporated Common Stock had a return on equity of 8.48% and a net margin of 16.05%.The business had revenue of $436.74 million during the quarter, compared to analysts’ expectations of $433.77 million. During the same quarter in the previous year, the business posted $2.57 EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities research analysts forecast that People Incorporated Common Stock will post -0.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PPLI shares. Benchmark lifted their price target 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. Citizens Jmp raised their price objective on People Incorporated Common Stock from $47.00 to $54.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 5th. Weiss Ratings raised People Incorporated Common Stock from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Barclays upped 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. Finally, TD Cowen restated a “buy” rating on shares of People Incorporated Common Stock in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, People Incorporated Common Stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.62.

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.