SPX Gestao de Recursos Ltda Purchases Shares of 29,622 People Incorporated Common Stock $PPLI

SPX Gestao de Recursos Ltda purchased a new position in shares of People Incorporated Common Stock (NASDAQ:PPLI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 29,622 shares of the company’s stock, valued at approximately $15,214,000. People Incorporated Common Stock makes up about 1.5% of SPX Gestao de Recursos Ltda’s holdings, making the stock its 26th biggest position.

A number of other large investors also recently modified their holdings of PPLI. Goldman Sachs Group Inc. raised its holdings in People Incorporated Common Stock by 38.6% during the first quarter. Goldman Sachs Group Inc. now owns 415,484 shares of the company’s stock worth $19,087,000 after acquiring an additional 115,652 shares in the last quarter. United Services Automobile Association acquired a new position in People Incorporated Common Stock during the first quarter valued at approximately $207,000. Empowered Funds LLC grew its stake in People Incorporated Common Stock by 9.8% in the first quarter. Empowered Funds LLC now owns 8,037 shares of the company’s stock valued at $369,000 after purchasing an additional 718 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of People Incorporated Common Stock during the 1st quarter worth approximately $270,000. Finally, Creative Planning raised its stake in shares of People Incorporated Common Stock by 8.8% during the 2nd quarter. Creative Planning now owns 11,619 shares of the company’s stock worth $434,000 after purchasing an additional 944 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PPLI has been the subject of several analyst reports. Citigroup raised their target price on shares of People Incorporated Common Stock from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, August 17th. Wall Street Zen raised shares of People Incorporated Common Stock from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. UBS Group increased their price target on shares of People Incorporated Common Stock from $49.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Piper Sandler set a $52.00 price objective on shares of People Incorporated Common Stock in a research report on Thursday, May 7th. Finally, 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 note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.92.

People Incorporated Common Stock Stock Performance

Shares of NASDAQ PPLI opened at $39.14 on Friday. People Incorporated Common Stock has a one year low of $29.56 and a one year high of $48.32. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.69 and a quick ratio of 3.69. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 8.74 and a beta of 1.04. The stock’s fifty day moving average price is $42.84 and its two-hundred day moving average price is $41.25.

People Incorporated Common Stock (NASDAQ:PPLI) last released its quarterly earnings results on Monday, August 3rd. The company reported $6.68 EPS for the quarter, beating the consensus estimate of ($0.40) by $7.08. People Incorporated Common Stock had a net margin of 16.05% and a return on equity of 8.48%. The business had revenue of $436.74 million for the quarter, compared to the consensus estimate of $433.77 million. During the same period in the prior year, the company posted $2.57 earnings per share. People Incorporated Common Stock’s revenue was down 1.5% compared to the same quarter last year. On average, equities analysts forecast that People Incorporated Common Stock will post 6.97 EPS for the current year.

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.