People Incorporated Common Stock $PPLI is Corvex Management LP’s 10th Largest Position

Corvex Management LP raised its position in shares of People Incorporated Common Stock (NASDAQ:PPLI) by 20.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,355,075 shares of the company’s stock after acquiring an additional 566,696 shares during the quarter. People Incorporated Common Stock makes up approximately 4.0% of Corvex Management LP’s holdings, making the stock its 10th largest position. Corvex Management LP owned 4.68% of People Incorporated Common Stock worth $131,183,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Elevation Wealth Partners LLC purchased a new position in shares of People Incorporated Common Stock in the 4th quarter valued at approximately $25,000. Hantz Financial Services Inc. lifted its position in People Incorporated Common Stock by 173.4% during the fourth 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 period. Advisory Services Network LLC bought a new position in People Incorporated Common Stock during the third quarter valued at approximately $38,000. JFS Wealth Advisors LLC purchased a new stake in People Incorporated Common Stock in the third quarter worth approximately $39,000. Finally, Quarry LP bought a new stake in People Incorporated Common Stock in the 4th quarter worth approximately $59,000. Hedge funds and other institutional investors own 88.90% of the company’s stock.

Analysts Set New Price Targets

PPLI has been the topic of several recent analyst reports. Jefferies Financial Group downgraded People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a research note on Wednesday, May 6th. TD Cowen increased their price objective on shares of People Incorporated Common Stock from $60.00 to $66.00 and gave the company a “buy” rating in a report on Monday, May 4th. Needham & Company LLC set a $57.00 target price on shares of People Incorporated Common Stock in a report on Tuesday, March 3rd. 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. Finally, KeyCorp raised their target price on shares of People Incorporated Common Stock from $41.00 to $51.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $53.62.

People Incorporated Common Stock Trading Down 1.5%

PPLI stock opened at $42.38 on Thursday. People Incorporated Common Stock has a 12 month low of $29.56 and a 12 month high of $46.33. The firm’s 50-day moving average is $42.58 and its 200 day moving average is $39.67. The company has a market capitalization of $2.91 billion, a PE ratio of 114.54 and a beta of 1.02. 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.