People Incorporated Common Stock (NASDAQ:PPLI) Releases Quarterly Earnings Results, Beats Estimates By $7.08 EPS

People Incorporated Common Stock (NASDAQ:PPLI) posted its earnings results on Monday. The company reported $6.68 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $7.08, FiscalAI reports. The firm had revenue of $436.74 million for the quarter, compared to the consensus estimate of $433.77 million. People Incorporated Common Stock had a return on equity of 2.29% and a net margin of 1.82%.

People Incorporated Common Stock Trading Up 1.2%

Shares of People Incorporated Common Stock stock traded up $0.49 during trading on Monday, hitting $42.06. The stock had a trading volume of 1,549,561 shares, compared to its average volume of 1,082,836. The firm’s fifty day simple moving average is $43.85 and its 200-day simple moving average is $40.99. People Incorporated Common Stock has a 12 month low of $29.56 and a 12 month high of $48.32. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.69 and a quick ratio of 3.69. The stock has a market cap of $2.89 billion, a PE ratio of 113.68 and a beta of 1.04.

Analyst Ratings Changes

Several research firms have commented on PPLI. Jefferies Financial Group downgraded shares of People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a research note on Wednesday, May 6th. TD Cowen lifted their target price on shares of People Incorporated Common Stock from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. The Goldman Sachs Group increased their price objective on shares of People Incorporated Common Stock from $48.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. UBS Group boosted their target price on shares of People Incorporated Common Stock from $42.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings raised shares of People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 29th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $53.62.

Hedge Funds Weigh In On People Incorporated Common Stock

Several hedge funds have recently modified their holdings of PPLI. Bank of Montreal Can raised its stake in shares of People Incorporated Common Stock by 42,721.4% during the 4th quarter. Bank of Montreal Can now owns 3,128,104 shares of the company’s stock valued at $122,309,000 after buying an additional 3,120,799 shares during the last quarter. Patient Capital Management LLC boosted its stake in People Incorporated Common Stock by 12.6% during the 4th quarter. Patient Capital Management LLC now owns 2,374,050 shares of the company’s stock worth $92,825,000 after purchasing an additional 265,805 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of People Incorporated Common Stock by 43.8% in the fourth quarter. AQR Capital Management LLC now owns 1,651,207 shares of the company’s stock worth $64,562,000 after buying an additional 502,927 shares in the last quarter. Newtyn Management LLC grew its stake in People Incorporated Common Stock by 10.0% during the 3rd quarter. Newtyn Management LLC now owns 1,100,000 shares of the company’s stock valued at $37,477,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Boston Partners acquired a new position in shares of People Incorporated Common Stock during the 4th quarter worth approximately $29,114,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

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.