People Incorporated Common Stock $PPLI Stock Holdings Raised by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. lifted its stake in shares of People Incorporated Common Stock (NASDAQ:PPLI) by 100.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,702,459 shares of the company’s stock after buying an additional 2,861,871 shares during the quarter. People Incorporated Common Stock accounts for approximately 4.9% of Aristeia Capital L.L.C.’s holdings, making the stock its 3rd largest holding. Aristeia Capital L.L.C. owned about 7.96% of People Incorporated Common Stock worth $222,966,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Tudor Investment Corp ET AL purchased a new stake in shares of People Incorporated Common Stock during the 3rd quarter valued at about $6,050,000. UBS Group AG raised its holdings in shares of People Incorporated Common Stock by 11.4% during the 4th quarter. UBS Group AG now owns 781,195 shares of the company’s stock valued at $30,545,000 after buying an additional 79,755 shares during the period. Highbridge Capital Management LLC raised its holdings in shares of People Incorporated Common Stock by 68.9% during the 3rd quarter. Highbridge Capital Management LLC now owns 484,325 shares of the company’s stock valued at $16,501,000 after buying an additional 197,590 shares during the period. Yakira Capital Management Inc. raised its holdings in shares of People Incorporated Common Stock by 24.8% during the 3rd quarter. Yakira Capital Management Inc. now owns 223,078 shares of the company’s stock valued at $7,600,000 after buying an additional 44,267 shares during the period. Finally, Davis Selected Advisers raised its holdings in shares of People Incorporated Common Stock by 12.1% during the 4th quarter. Davis Selected Advisers now owns 2,514,072 shares of the company’s stock valued at $98,301,000 after buying an additional 270,383 shares during the period. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PPLI has been the topic of several analyst reports. Piper Sandler set a $52.00 target price on People Incorporated Common Stock in a report on Thursday, May 7th. JPMorgan Chase & Co. lifted their price objective on People Incorporated Common Stock from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Jefferies Financial Group downgraded People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 price objective on the stock. in a report on Wednesday, May 6th. UBS Group lifted their price objective on People Incorporated Common Stock from $42.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings downgraded People Incorporated Common Stock from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 11th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.62.

People Incorporated Common Stock Price Performance

Shares of PPLI opened at $42.38 on Thursday. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 114.54 and a beta of 1.02. The stock has a 50 day moving average of $42.58 and a 200-day moving average of $39.67. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.30. People Incorporated Common Stock has a 52 week low of $29.56 and a 52 week high of $46.33.

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.