Hsbc Holdings PLC Makes New Investment in People Incorporated Common Stock $PPLI

Hsbc Holdings PLC purchased a new stake in shares of People Incorporated Common Stock (NASDAQ:PPLI) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,147 shares of the company’s stock, valued at approximately $683,000.

A number of other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. grew its position in shares of People Incorporated Common Stock by 173.4% in the 4th quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock worth $31,000 after buying an additional 496 shares during the last quarter. Advisory Services Network LLC purchased a new stake in People Incorporated Common Stock during the third quarter valued at approximately $38,000. Quarry LP purchased a new stake in People Incorporated Common Stock during the fourth quarter valued at approximately $59,000. Rockefeller Capital Management L.P. boosted its stake in People Incorporated Common Stock by 251.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,937 shares of the company’s stock valued at $76,000 after acquiring an additional 1,386 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in People Incorporated Common Stock in the fourth quarter valued at approximately $80,000. 88.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PPLI. The Goldman Sachs Group upped their price target on People Incorporated Common Stock from $48.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Jefferies Financial Group cut People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a research report on Wednesday, May 6th. Weiss Ratings upgraded People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. UBS Group upped their target price on People Incorporated Common Stock from $42.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, KeyCorp upped their target price on People Incorporated Common Stock from $41.00 to $51.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.62.

People Incorporated Common Stock Stock Down 1.3%

NASDAQ:PPLI opened at $41.45 on Friday. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.30. People Incorporated Common Stock has a twelve month low of $29.56 and a twelve month high of $48.32. The company has a market cap of $2.84 billion, a PE ratio of 112.03 and a beta of 1.02. The company’s 50 day moving average is $43.86 and its two-hundred day moving average is $40.97.

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.