Brown Advisory Inc. Cuts Stock Holdings in People Incorporated Common Stock $PPLI

Brown Advisory Inc. trimmed its holdings in shares of People Incorporated Common Stock (NASDAQ:PPLI) by 10.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 630,495 shares of the company’s stock after selling 74,183 shares during the period. Brown Advisory Inc.’s holdings in People Incorporated Common Stock were worth $24,652,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Atlas Capital Advisors Inc. purchased a new stake in shares of People Incorporated Common Stock during the fourth quarter worth about $441,000. Kestra Advisory Services LLC purchased a new stake in shares of People Incorporated Common Stock during the fourth quarter worth about $80,000. FORA Capital LLC purchased a new stake in shares of People Incorporated Common Stock during the fourth quarter worth about $399,000. Patient Capital Management LLC boosted its holdings in shares of People Incorporated Common Stock by 12.6% during the fourth quarter. Patient Capital Management LLC now owns 2,374,050 shares of the company’s stock worth $92,825,000 after purchasing an additional 265,805 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of People Incorporated Common Stock by 4.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 12,940 shares of the company’s stock worth $506,000 after purchasing an additional 553 shares during the period. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PPLI. Jefferies Financial Group lowered shares of People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a report on Wednesday, May 6th. JPMorgan Chase & Co. increased their target price on shares of People Incorporated Common Stock from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Piper Sandler set a $52.00 target price on shares of People Incorporated Common Stock in a report on Thursday, May 7th. Citigroup increased their target price on shares of People Incorporated Common Stock from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, KeyCorp increased their price target on shares of People Incorporated Common Stock from $41.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.62.

People Incorporated Common Stock Price Performance

PPLI stock opened at $42.64 on Tuesday. People Incorporated Common Stock has a 1 year low of $29.56 and a 1 year high of $46.33. The company has a market cap of $2.93 billion, a P/E ratio of 115.25 and a beta of 1.02. The firm has a 50-day moving average of $42.47 and a 200 day moving average of $39.55. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.69 and a quick ratio of 3.69.

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.