ACR Alpine Capital Research LLC Acquires 19,801 Shares of People Incorporated Common Stock $PPLI

ACR Alpine Capital Research LLC grew its stake in shares of People Incorporated Common Stock (NASDAQ:PPLI) by 4.6% in the first quarter, Holdings Channel reports. The firm owned 450,788 shares of the company’s stock after acquiring an additional 19,801 shares during the period. People Incorporated Common Stock accounts for approximately 0.3% of ACR Alpine Capital Research LLC’s holdings, making the stock its 20th largest position. ACR Alpine Capital Research LLC’s holdings in People Incorporated Common Stock were worth $18,045,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Elevation Wealth Partners LLC purchased a new position in People Incorporated Common Stock in the 4th quarter worth about $25,000. Hantz Financial Services Inc. boosted 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 buying an additional 496 shares during the period. Advisory Services Network LLC bought a new position in People Incorporated Common Stock in the 3rd quarter worth about $38,000. Quarry LP bought a new position in People Incorporated Common Stock in the 4th quarter worth about $59,000. Finally, Rockefeller Capital Management L.P. increased 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 acquiring an additional 1,386 shares during the period. 88.90% of the stock is currently owned by institutional investors.

People Incorporated Common Stock Stock Down 2.1%

Shares of NASDAQ PPLI opened at $46.50 on Friday. People Incorporated Common Stock has a 12-month low of $29.56 and a 12-month high of $48.32. The stock’s fifty day simple moving average is $43.26 and its two-hundred day simple moving average is $40.56. The stock has a market capitalization of $3.19 billion, a PE ratio of 125.68 and a beta of 1.02. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.30.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of People Incorporated Common Stock from $48.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Citigroup raised their price objective on People Incorporated Common Stock from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen lowered People Incorporated Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. KeyCorp upped their target price 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. Finally, Barclays increased their price target on People Incorporated Common Stock from $48.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, People Incorporated Common Stock currently has an average rating of “Moderate Buy” and an average price target 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.