Louisiana State Employees Retirement System Purchases New Holdings in People Incorporated Common Stock $PPLI

Louisiana State Employees Retirement System acquired a new stake in shares of People Incorporated Common Stock (NASDAQ:PPLI) in the first quarter, HoldingsChannel reports. The fund acquired 28,900 shares of the company’s stock, valued at approximately $1,157,000.

A number of other hedge funds have also recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its stake in shares of People Incorporated Common Stock by 38.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 415,484 shares of the company’s stock valued at $19,087,000 after buying an additional 115,652 shares during the last quarter. United Services Automobile Association bought a new stake in shares of People Incorporated Common Stock in the first quarter worth $207,000. Empowered Funds LLC raised its holdings 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 acquiring an additional 718 shares in the last quarter. Focus Partners Wealth acquired a new stake in People Incorporated Common Stock in the first quarter valued at $270,000. Finally, Creative Planning boosted its stake in People Incorporated Common Stock by 8.8% during the 2nd quarter. Creative Planning now owns 11,619 shares of the company’s stock valued at $434,000 after acquiring an additional 944 shares during the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.

People Incorporated Common Stock Stock Performance

People Incorporated Common Stock stock opened at $46.75 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.69 and a quick ratio of 3.69. People Incorporated Common Stock has a 12 month low of $29.56 and a 12 month high of $46.88. The company has a fifty day moving average price of $42.97 and a two-hundred day moving average price of $40.27. The company has a market cap of $3.21 billion, a PE ratio of 126.35 and a beta of 1.02.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Citigroup raised their price objective on shares of People Incorporated Common Stock from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Zacks Research raised shares of People Incorporated Common Stock from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 11th. Piper Sandler set a $52.00 price target on People Incorporated Common Stock in a research note on Thursday, May 7th. TD Cowen lifted their price target on People Incorporated Common Stock from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, UBS Group boosted their price objective on People Incorporated Common Stock from $42.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.62.

People Incorporated Common Stock 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.