BNP Paribas Financial Markets Has $7.82 Million Stock Position in People Incorporated Common Stock $PPLI

BNP Paribas Financial Markets lifted its holdings in shares of People Incorporated Common Stock (NASDAQ:PPLI) by 367.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 200,060 shares of the company’s stock after purchasing an additional 157,300 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.28% of People Incorporated Common Stock worth $7,822,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Royce & Associates LP increased its stake in shares of People Incorporated Common Stock by 17.3% during the 4th quarter. Royce & Associates LP now owns 304,497 shares of the company’s stock worth $11,906,000 after purchasing an additional 45,000 shares during the last quarter. Bleakley Financial Group LLC increased its stake in shares of People Incorporated Common Stock by 2.2% during the 4th quarter. Bleakley Financial Group LLC now owns 34,188 shares of the company’s stock worth $1,337,000 after purchasing an additional 742 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of People Incorporated Common Stock by 5.5% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 24,334 shares of the company’s stock worth $951,000 after purchasing an additional 1,272 shares during the last quarter. New Age Alpha Advisors LLC increased its stake in shares of People Incorporated Common Stock by 3.5% during the 4th 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. Finally, Hantz Financial Services Inc. increased its stake in shares of People Incorporated Common Stock by 173.4% during the 4th quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock worth $31,000 after purchasing an additional 496 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

People Incorporated Common Stock Stock Performance

NASDAQ:PPLI opened at $42.22 on Wednesday. People Incorporated Common Stock has a 1 year low of $29.56 and a 1 year high of $46.33. The firm’s fifty day simple moving average is $42.24 and its 200 day simple moving average is $39.29. 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 capitalization of $2.90 billion, a PE ratio of 114.11 and a beta of 1.02.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of People Incorporated Common Stock from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Piper Sandler set a $52.00 target price on shares of People Incorporated Common Stock in a research note on Thursday, May 7th. Benchmark reiterated a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday, June 2nd. Weiss Ratings upgraded shares of People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 27th. Finally, Needham & Company LLC set a $57.00 target price on shares of People Incorporated Common Stock in a research note on Tuesday, March 3rd. Eight equities 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $53.62.

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.