People Incorporated Common Stock $PPLI Shares Sold by Sei Investments Co.

Key Points

• Sei Investments Co. cut its People Incorporated Common Stock position by 61.9% in the first quarter, selling 71,307 shares and retaining 43,957 shares valued at approximately $1.76 million. Institutional investors collectively own 88.9% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $55.62. Several firms recently raised their targets, including Truist Financial to $62.
• People Incorporated reported quarterly EPS of $6.68, beating estimates by $7.08, while revenue of $436.74 million slightly exceeded expectations. Shares opened at $41.58, compared with a 52-week range of $29.56 to $48.32.

Sei Investments Co. trimmed its position in shares of People Incorporated Common Stock (NASDAQ:PPLI - Free Report) by 61.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,957 shares of the company's stock after selling 71,307 shares during the period. Sei Investments Co. owned 0.06% of People Incorporated Common Stock worth $1,759,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC raised 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 valued at $25,000 after buying an additional 233 shares during the last quarter. Hantz Financial Services Inc. grew 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 worth $31,000 after buying an additional 496 shares in the last quarter. Advisory Services Network LLC acquired a new stake 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 in the 4th quarter valued at approximately $59,000. Finally, Rockefeller Capital Management L.P. raised its stake in 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 valued at $76,000 after acquiring an additional 1,386 shares in the last quarter. Institutional investors own 88.90% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PPLI. UBS Group boosted their price target on People Incorporated Common Stock from $49.00 to $56.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 5th. Barclays lifted their price objective on shares of People Incorporated Common Stock from $48.00 to $55.00 and gave the company an "overweight" rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. upped their price objective 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. Zacks Research raised shares of People Incorporated Common Stock from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Finally, Truist Financial boosted their price target on shares of People Incorporated Common Stock from $50.00 to $62.00 and gave the stock a "buy" rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold 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 price target of $55.62.

People Incorporated Common Stock Stock Performance

Shares of NASDAQ:PPLI opened at $41.58 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.69 and a current ratio of 3.69. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 9.28 and a beta of 1.04. People Incorporated Common Stock has a 1-year low of $29.56 and a 1-year high of $48.32. The company has a 50 day moving average price of $43.82 and a 200 day moving average price of $41.11.

People Incorporated Common Stock (NASDAQ:PPLI - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported $6.68 EPS for the quarter, beating analysts' consensus estimates of ($0.40) by $7.08. The company had revenue of $436.74 million during the quarter, compared to the consensus estimate of $433.77 million. People Incorporated Common Stock had a return on equity of 8.48% and a net margin of 16.05%.The company's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.57 EPS. On average, research analysts anticipate that People Incorporated Common Stock will post -0.23 EPS for the current fiscal year.

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.

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