OP Asset Management Ltd Makes New Investment in People Incorporated Common Stock $PPLI

OP Asset Management Ltd purchased a new stake in People Incorporated Common Stock (NASDAQ:PPLI) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 47,938 shares of the company’s stock, valued at approximately $1,919,000. OP Asset Management Ltd owned 0.07% of People Incorporated Common Stock as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Elevation Wealth Partners LLC purchased a new position in People Incorporated Common Stock in the fourth quarter valued at $25,000. Hantz Financial Services Inc. raised its position in People Incorporated Common Stock by 173.4% in 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 in the last quarter. Advisory Services Network LLC acquired a new stake in People Incorporated Common Stock in the 3rd quarter valued at about $38,000. Quarry LP acquired a new position in shares of People Incorporated Common Stock during the fourth quarter worth about $59,000. Finally, Rockefeller Capital Management L.P. grew its position in shares of People Incorporated Common Stock by 251.5% during 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 in the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

People Incorporated Common Stock Price Performance

Shares of NASDAQ PPLI opened at $44.77 on Monday. The stock’s 50-day simple moving average is $42.78 and its 200-day simple moving average is $39.99. The firm has a market capitalization of $3.07 billion, a PE ratio of 121.00 and a beta of 1.02. People Incorporated Common Stock has a fifty-two week low of $29.56 and a fifty-two week high of $46.33. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.69 and a current ratio of 3.69.

Analyst Ratings Changes

A number of analysts recently weighed in on PPLI shares. Wall Street Zen lowered shares of People Incorporated Common Stock from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded shares of People Incorporated Common Stock from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 11th. Needham & Company LLC set a $57.00 price objective on shares of People Incorporated Common Stock in a research report on Tuesday, March 3rd. Barclays raised their price objective on shares of 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, Jefferies Financial Group cut shares of People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a research report on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, People Incorporated Common Stock has an average rating of “Moderate Buy” and an average price target of $53.62.

People Incorporated Common Stock Company 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.