Bank of New York Mellon Corp Sells 15,779 Shares of People Incorporated Common Stock $PPLI

Bank of New York Mellon Corp trimmed its position in shares of People Incorporated Common Stock (NASDAQ:PPLI) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 332,775 shares of the company’s stock after selling 15,779 shares during the period. Bank of New York Mellon Corp’s holdings in People Incorporated Common Stock were worth $13,321,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PPLI. Hantz Financial Services Inc. grew its position in People Incorporated Common Stock by 173.4% during the 4th quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock worth $31,000 after acquiring an additional 496 shares during the last quarter. Advisory Services Network LLC acquired a new position in People Incorporated Common Stock in the third quarter worth $38,000. Quarry LP bought a new stake in shares of People Incorporated Common Stock during the fourth quarter worth $59,000. Rockefeller Capital Management L.P. grew its holdings in shares of People Incorporated Common Stock by 251.5% during the fourth 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 last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of People Incorporated Common Stock in the fourth quarter valued at $80,000. Institutional investors own 88.90% of the company’s stock.

People Incorporated Common Stock Price Performance

NASDAQ PPLI opened at $41.57 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.69 and a current ratio of 3.69. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 112.35 and a beta of 1.02. The business has a 50 day simple moving average of $43.85 and a 200 day simple moving average of $40.98. People Incorporated Common Stock has a 52-week low of $29.56 and a 52-week high of $48.32.

Analysts Set New Price Targets

PPLI has been the subject of a number of research analyst reports. Piper Sandler set a $52.00 target price on shares of People Incorporated Common Stock in a research note on Thursday, May 7th. Jefferies Financial Group lowered shares of People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a report on Wednesday, May 6th. Barclays boosted their price objective 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. Wall Street Zen raised People Incorporated Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Finally, UBS Group increased their price objective 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. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.