Fifth Third Bancorp Boosts Stock Position in People Incorporated Common Stock $PPLI

Fifth Third Bancorp grew its stake in People Incorporated Common Stock (NASDAQ:PPLI) by 17,176.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,097 shares of the company’s stock after purchasing an additional 30,917 shares during the quarter. Fifth Third Bancorp’s holdings in People Incorporated Common Stock were worth $1,245,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. New Age Alpha Advisors LLC raised its stake in People Incorporated Common Stock by 3.5% during the fourth quarter. New Age Alpha Advisors LLC now owns 9,104 shares of the company’s stock worth $356,000 after acquiring an additional 309 shares during the period. Franklin Resources Inc. boosted its position in People Incorporated Common Stock by 7.9% during the 4th quarter. Franklin Resources Inc. now owns 6,439 shares of the company’s stock worth $252,000 after acquiring an additional 471 shares during the period. Hantz Financial Services Inc. grew its stake in shares of People Incorporated Common Stock by 173.4% in the fourth quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock worth $31,000 after purchasing an additional 496 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of People Incorporated Common Stock by 4.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 12,940 shares of the company’s stock worth $506,000 after purchasing an additional 553 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of People Incorporated Common Stock by 5.0% during the fourth quarter. Handelsbanken Fonder AB now owns 14,700 shares of the company’s stock valued at $575,000 after purchasing an additional 700 shares during the period. 88.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PPLI. Barclays lifted 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 research note on Wednesday, May 6th. TD Cowen boosted their price target on shares of People Incorporated Common Stock from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Jefferies Financial Group lowered shares of People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a research note on Wednesday, May 6th. JPMorgan Chase & Co. increased their price objective on shares of People Incorporated Common Stock from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. Eight investment 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.62.

People Incorporated Common Stock Stock Performance

PPLI stock opened at $41.69 on Friday. The firm has a 50 day moving average of $43.76 and a two-hundred day moving average of $40.88. People Incorporated Common Stock has a 12 month low of $29.56 and a 12 month high of $48.32. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 112.68 and a beta of 1.02. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.30.

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.