People Incorporated Common Stock $PPLI Position Raised by Orvieto Partners L.P.

Orvieto Partners L.P. raised its holdings in shares of People Incorporated Common Stock (NASDAQ:PPLI) by 9.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,000 shares of the company’s stock after buying an additional 15,000 shares during the quarter. People Incorporated Common Stock comprises about 5.8% of Orvieto Partners L.P.’s holdings, making the stock its 4th largest position. Orvieto Partners L.P. owned 0.25% of People Incorporated Common Stock worth $6,805,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PPLI. Parallel Advisors LLC increased its position in shares of People Incorporated Common Stock by 61.3% in 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. grew its stake in People Incorporated Common Stock by 173.4% in the 4th quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock worth $31,000 after buying an additional 496 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of People Incorporated Common Stock in the 3rd quarter worth $38,000. Quarry LP purchased a new stake in shares of People Incorporated Common Stock during the 4th quarter valued at $59,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of 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 acquiring an additional 1,386 shares during the last quarter. 88.90% of the stock is currently owned by institutional investors.

People Incorporated Common Stock Trading Down 2.9%

NASDAQ:PPLI opened at $42.17 on Friday. The company’s 50 day moving average price is $43.72 and its 200-day moving average price is $40.88. People Incorporated Common Stock has a 52 week low of $29.56 and a 52 week high of $48.32. 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 stock has a market cap of $2.89 billion, a price-to-earnings ratio of 113.98 and a beta of 1.02.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Piper Sandler set a $52.00 target price on People Incorporated Common Stock in a research note on Thursday, May 7th. TD Cowen increased their target price on shares of People Incorporated Common Stock from $60.00 to $66.00 and gave the company a “buy” rating in a report on Monday, May 4th. Wall Street Zen cut shares of People Incorporated Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. upped their price target on shares of 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. Finally, Weiss Ratings raised People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, People Incorporated Common Stock has an average rating of “Moderate Buy” and an average 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.