Entropy Technologies LP Purchases 35,672 Shares of People Incorporated Common Stock $PPLI

Entropy Technologies LP lifted its position in People Incorporated Common Stock (NASDAQ:PPLI) by 257.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,550 shares of the company’s stock after acquiring an additional 35,672 shares during the quarter. Entropy Technologies LP owned approximately 0.07% of People Incorporated Common Stock worth $1,937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its holdings in People Incorporated Common Stock by 38.6% during the first quarter. Goldman Sachs Group Inc. now owns 415,484 shares of the company’s stock valued at $19,087,000 after purchasing an additional 115,652 shares during the last quarter. United Services Automobile Association purchased a new stake in People Incorporated Common Stock during the first quarter valued at about $207,000. Empowered Funds LLC lifted its holdings in People Incorporated Common Stock by 9.8% during the first quarter. Empowered Funds LLC now owns 8,037 shares of the company’s stock valued at $369,000 after purchasing an additional 718 shares during the last quarter. Focus Partners Wealth purchased a new stake in People Incorporated Common Stock during the first quarter valued at about $270,000. Finally, Creative Planning lifted its holdings in People Incorporated Common Stock by 8.8% during the second quarter. Creative Planning now owns 11,619 shares of the company’s stock valued at $434,000 after purchasing an additional 944 shares during the last quarter. 88.90% of the stock is owned by hedge funds and other institutional investors.

People Incorporated Common Stock Stock Performance

Shares of PPLI stock opened at $42.64 on Tuesday. 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 fifty-two week low of $29.56 and a fifty-two week high of $46.33. The stock has a 50 day moving average price of $42.47 and a two-hundred day moving average price of $39.55. The company has a market capitalization of $2.93 billion, a P/E ratio of 115.25 and a beta of 1.02.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. TD Cowen upped their price objective on shares of People Incorporated Common Stock from $60.00 to $66.00 and gave the company a “buy” rating in a report on Monday, May 4th. Zacks Research upgraded People Incorporated Common Stock from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 11th. Wall Street Zen cut People Incorporated Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Needham & Company LLC set a $57.00 target price on shares of People Incorporated Common Stock in a report on Tuesday, March 3rd. Finally, KeyCorp increased their target price 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 analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.