Highbridge Capital Management LLC Sells 66,873 Shares of People Incorporated Common Stock $PPLI

Highbridge Capital Management LLC cut its holdings in People Incorporated Common Stock (NASDAQ:PPLI) by 13.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 417,452 shares of the company’s stock after selling 66,873 shares during the quarter. Highbridge Capital Management LLC’s holdings in People Incorporated Common Stock were worth $16,322,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. State of Wyoming acquired a new position in shares of People Incorporated Common Stock in the 4th quarter valued at approximately $314,000. Factorial Partners LLC grew its position in shares of People Incorporated Common Stock by 41.2% in the 4th quarter. Factorial Partners LLC now owns 48,000 shares of the company’s stock valued at $1,877,000 after purchasing an additional 14,000 shares during the period. BNP Paribas Financial Markets grew its position in shares of People Incorporated Common Stock by 367.9% in the 4th quarter. BNP Paribas Financial Markets now owns 200,060 shares of the company’s stock valued at $7,822,000 after purchasing an additional 157,300 shares during the period. Royce & Associates LP grew its position in shares of People Incorporated Common Stock by 17.3% in the 4th quarter. Royce & Associates LP now owns 304,497 shares of the company’s stock valued at $11,906,000 after purchasing an additional 45,000 shares during the period. Finally, Bleakley Financial Group LLC grew its position in shares of People Incorporated Common Stock by 2.2% in the 4th quarter. Bleakley Financial Group LLC now owns 34,188 shares of the company’s stock valued at $1,337,000 after purchasing an additional 742 shares during the period. 88.90% of the stock is currently owned by institutional investors and hedge funds.

People Incorporated Common Stock Trading Down 0.1%

NASDAQ:PPLI opened at $42.20 on Friday. People Incorporated Common Stock has a twelve month low of $29.56 and a twelve month high of $46.33. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average price of $42.13 and a two-hundred day moving average price of $39.10. The company has a market cap of $2.89 billion, a P/E ratio of 114.07 and a beta of 1.02.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PPLI. JPMorgan Chase & Co. boosted their price objective on People Incorporated Common Stock from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Barclays boosted their price objective on People Incorporated Common Stock from $48.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. KeyCorp boosted their price objective 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. Citigroup boosted their price objective 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, Piper Sandler set a $52.00 price objective on People Incorporated Common Stock in a research report on Thursday, May 7th. Nine research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, People Incorporated Common Stock presently has an average rating of “Moderate Buy” and an average target price of $53.14.

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.