People Incorporated Common Stock $PPLI Shares Sold by Entropy Technologies LP

Entropy Technologies LP cut its holdings in shares of People Incorporated Common Stock (NASDAQ:PPLI) by 79.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,074 shares of the company’s stock after selling 39,476 shares during the quarter. Entropy Technologies LP’s holdings in People Incorporated Common Stock were worth $403,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC raised its holdings in shares of People Incorporated Common Stock by 61.3% during the first quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock worth $25,000 after purchasing an additional 233 shares during the last quarter. 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 purchased a new stake in People Incorporated Common Stock in the third quarter valued at $38,000. Quarry LP purchased a new stake in People Incorporated Common Stock in the fourth quarter valued at $59,000. Finally, Rockefeller Capital Management L.P. grew its position in People Incorporated Common Stock by 251.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,937 shares of the company’s stock worth $76,000 after purchasing an additional 1,386 shares during the period. 88.90% of the stock is currently owned by institutional investors and hedge funds.

People Incorporated Common Stock Price Performance

NASDAQ:PPLI opened at $41.45 on Friday. 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 has a 52 week low of $29.56 and a 52 week high of $48.32. The stock’s 50-day moving average price is $43.86 and its 200-day moving average price is $40.97. The stock has a market capitalization of $2.84 billion, a PE ratio of 112.03 and a beta of 1.02.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PPLI shares. The Goldman Sachs Group lifted their price objective on People Incorporated Common Stock from $48.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. TD Cowen raised their target price on People Incorporated Common Stock from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Piper Sandler set a $52.00 target price on People Incorporated Common Stock in a report on Thursday, May 7th. Citigroup lifted their price target on People Incorporated Common Stock from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings raised People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 29th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, People Incorporated Common Stock currently has a consensus rating of “Moderate Buy” and an average price target of $53.62.

People Incorporated Common Stock Company 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.