Pale Fire Capital SE Sells 42,226 Shares of People Incorporated Common Stock $PPLI

Pale Fire Capital SE lessened its position in shares of People Incorporated Common Stock (NASDAQ:PPLI) by 43.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,281 shares of the company’s stock after selling 42,226 shares during the period. People Incorporated Common Stock accounts for 0.2% of Pale Fire Capital SE’s holdings, making the stock its 27th biggest holding. Pale Fire Capital SE’s holdings in People Incorporated Common Stock were worth $2,173,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of analysts recently commented on PPLI shares. UBS Group lifted their price target on People Incorporated Common Stock from $42.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. The Goldman Sachs Group raised their target price on People Incorporated Common Stock from $48.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings upgraded People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. boosted their price target on shares of People Incorporated Common Stock from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, 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 research report on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, People Incorporated Common Stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.62.

People Incorporated Common Stock Trading Down 1.1%

NASDAQ:PPLI opened at $41.69 on Friday. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $2.86 billion, a PE ratio of 112.68 and a beta of 1.02. The firm’s 50 day moving average is $43.76 and its 200 day moving average is $40.88. People Incorporated Common Stock has a 12 month low of $29.56 and a 12 month high of $48.32.

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.