Flax Pond Capital LLC Makes New Investment in People Incorporated Common Stock $PPLI

Flax Pond Capital LLC bought a new position in People Incorporated Common Stock (NASDAQ:PPLI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 99,705 shares of the company’s stock, valued at approximately $3,898,000. People Incorporated Common Stock accounts for approximately 2.9% of Flax Pond Capital LLC’s holdings, making the stock its 10th largest position. Flax Pond Capital LLC owned 0.14% of People Incorporated Common Stock as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Elevation Wealth Partners LLC bought a new position in shares of People Incorporated Common Stock during the fourth quarter worth about $25,000. Hantz Financial Services Inc. lifted 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 during the last quarter. Advisory Services Network LLC acquired a new position in People Incorporated Common Stock during the 3rd quarter valued at about $38,000. JFS Wealth Advisors LLC bought a new position in People Incorporated Common Stock in the 3rd quarter worth about $39,000. Finally, Quarry LP bought a new position in People Incorporated Common Stock in the 4th quarter worth about $59,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

Analyst Upgrades and Downgrades

PPLI has been the subject of a number of recent analyst reports. Weiss Ratings lowered shares of People Incorporated Common Stock from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 11th. Barclays boosted their price target on shares of 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. KeyCorp upped their price target on shares of People Incorporated Common Stock from $41.00 to $51.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Zacks Research upgraded shares of People Incorporated Common Stock from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. Finally, Needham & Company LLC set a $57.00 price objective on shares of People Incorporated Common Stock in a research note on Tuesday, March 3rd. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, People Incorporated Common Stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.62.

People Incorporated Common Stock Price Performance

NASDAQ PPLI opened at $42.72 on Friday. People Incorporated Common Stock has a 12 month low of $29.56 and a 12 month high of $46.33. The company has a market capitalization of $2.93 billion, a P/E ratio of 115.46 and a beta of 1.02. The company’s 50 day simple moving average is $42.67 and its 200 day simple moving average is $39.74. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.69 and a quick ratio of 3.69.

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.