BNP Paribas Financial Markets Has $7.82 Million Stake in People Incorporated Common Stock $PPLI

BNP Paribas Financial Markets grew its stake in People Incorporated Common Stock (NASDAQ:PPLI) by 367.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,060 shares of the company’s stock after purchasing an additional 157,300 shares during the period. BNP Paribas Financial Markets’ holdings in People Incorporated Common Stock were worth $7,822,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PPLI. Goldman Sachs Group Inc. grew its position in 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 worth $19,087,000 after purchasing an additional 115,652 shares during the last quarter. United Services Automobile Association acquired a new stake in People Incorporated Common Stock in the 1st quarter worth $207,000. Empowered Funds LLC grew its position in People Incorporated Common Stock by 9.8% in the 1st quarter. Empowered Funds LLC now owns 8,037 shares of the company’s stock worth $369,000 after purchasing an additional 718 shares during the last quarter. Focus Partners Wealth acquired a new stake in People Incorporated Common Stock in the 1st quarter worth $270,000. Finally, Creative Planning grew its position in People Incorporated Common Stock by 8.8% in the 2nd quarter. Creative Planning now owns 11,619 shares of the company’s stock worth $434,000 after purchasing an additional 944 shares during the last quarter. 88.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PPLI. Needham & Company LLC set a $57.00 price objective on shares of People Incorporated Common Stock in a report on Tuesday, March 3rd. UBS Group raised their price objective on shares of People Incorporated Common Stock from $42.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. The Goldman Sachs Group raised their price objective on shares of People Incorporated Common Stock from $48.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings raised shares of People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 27th. Finally, Benchmark reaffirmed a “buy” rating on shares of People Incorporated Common Stock in a report on Tuesday, June 2nd. Eight investment 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.62.

People Incorporated Common Stock Price Performance

NASDAQ:PPLI opened at $42.22 on Wednesday. The company has a 50-day moving average of $42.24 and a 200-day moving average of $39.29. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 114.11 and a beta of 1.02. People Incorporated Common Stock has a 52 week low of $29.56 and a 52 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.

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.