Assenagon Asset Management S.A. Lowers Position in People Incorporated Common Stock $PPLI

Assenagon Asset Management S.A. lessened its stake in shares of People Incorporated Common Stock (NASDAQ:PPLI) by 12.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,206 shares of the company’s stock after selling 19,516 shares during the quarter. Assenagon Asset Management S.A.’s holdings in People Incorporated Common Stock were worth $5,412,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PPLI. Goldman Sachs Group Inc. raised its holdings in shares of People Incorporated Common Stock by 38.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 415,484 shares of the company’s stock valued at $19,087,000 after buying an additional 115,652 shares during the period. United Services Automobile Association purchased a new position in shares of People Incorporated Common Stock in the first quarter valued at approximately $207,000. Empowered Funds LLC grew its holdings in shares of People Incorporated Common Stock by 9.8% in 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 in the last quarter. Focus Partners Wealth acquired a new position in shares of People Incorporated Common Stock in the first quarter valued at approximately $270,000. Finally, Creative Planning increased its stake in People Incorporated Common Stock by 8.8% during the 2nd quarter. Creative Planning now owns 11,619 shares of the company’s stock worth $434,000 after buying an additional 944 shares during the period. 88.90% of the stock is currently owned by institutional investors and hedge funds.

People Incorporated Common Stock Stock Up 3.6%

People Incorporated Common Stock stock opened at $46.37 on Tuesday. The company has a market capitalization of $3.18 billion, a P/E ratio of 125.33 and a beta of 1.02. 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 $46.40. The stock has a 50-day simple moving average of $42.84 and a 200-day simple moving average of $40.05.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. UBS Group increased their price objective on People Incorporated Common Stock from $42.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Needham & Company LLC set a $57.00 target price on People Incorporated Common Stock in a research note on Tuesday, March 3rd. KeyCorp upped their price target on People Incorporated Common Stock from $41.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Benchmark reaffirmed a “buy” rating on shares of People Incorporated Common Stock in a research report on Tuesday, June 2nd. Finally, Piper Sandler set a $52.00 price objective on People Incorporated Common Stock in a research note on Thursday, May 7th. Eight investment 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. According to data from MarketBeat, People Incorporated Common Stock currently has a consensus 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.