Flax Pond Capital LLC Has $2.05 Million Holdings in People Incorporated Common Stock $PPLI

Flax Pond Capital LLC decreased its position in shares of People Incorporated Common Stock (NASDAQ:PPLI) by 48.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,105 shares of the company’s stock after selling 48,600 shares during the quarter. People Incorporated Common Stock makes up approximately 1.6% of Flax Pond Capital LLC’s portfolio, making the stock its 24th biggest position. Flax Pond Capital LLC’s holdings in People Incorporated Common Stock were worth $2,046,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC grew its holdings in shares of People Incorporated Common Stock by 61.3% during 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. raised its holdings 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 valued at $31,000 after buying an additional 496 shares during the last quarter. Advisory Services Network LLC bought a new position in People Incorporated Common Stock in the 3rd quarter valued at approximately $38,000. Quarry LP acquired a new stake in People Incorporated Common Stock during the 4th quarter worth approximately $59,000. Finally, EverSource Wealth Advisors LLC boosted its position in People Incorporated Common Stock by 242.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,607 shares of the company’s stock worth $64,000 after buying an additional 1,138 shares during the period. Institutional investors own 88.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of 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. JPMorgan Chase & Co. lifted 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. Jefferies Financial Group cut shares of People Incorporated Common Stock from a “buy” rating to a “hold” rating and set a $44.00 price objective on the stock. in a research note on Wednesday, May 6th. Citigroup increased their price objective on People Incorporated Common Stock from $44.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Barclays raised their target price on People Incorporated Common Stock from $48.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. 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 company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.62.

People Incorporated Common Stock Stock Down 1.3%

Shares of People Incorporated Common Stock stock opened at $41.45 on Friday. The stock’s 50-day moving average is $43.86 and its 200 day moving average is $40.97. People Incorporated Common Stock has a one year low of $29.56 and a one year high of $48.32. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 112.03 and a beta of 1.02. 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 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.