Traders Purchase High Volume of Call Options on People Incorporated Common Stock (NASDAQ:PPLI)

Key Points

• Unusually high options activity: Investors purchased 3,418 call options on PPLI, about 2,847% above its average call volume of 116 contracts.
• Institutional ownership remains significant: Institutional investors own 88.9% of the stock, with several firms recently establishing or increasing positions.
• Analysts are broadly positive: PPLI has a consensus “Moderate Buy” rating and an average price target of $56.08, compared with its recent price of $39.64.

People Incorporated Common Stock (NASDAQ:PPLI - Get Free Report) saw unusually large options trading on Friday. Stock investors bought 3,418 call options on the company. This represents an increase of approximately 2,847% compared to the average volume of 116 call options.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Nilsine Partners LLC bought a new position in People Incorporated Common Stock during the 2nd quarter valued at about $1,492,000. Syon Capital LLC purchased a new position in shares of People Incorporated Common Stock in the second quarter valued at about $238,000. Essential Partners LLC increased its holdings in People Incorporated Common Stock by 177.1% in the 1st quarter. Essential Partners LLC now owns 1,607 shares of the company's stock valued at $64,000 after acquiring an additional 1,027 shares during the last quarter. Amundi increased its position in People Incorporated Common Stock by 397.4% in the first quarter. Amundi now owns 152,304 shares of the company's stock worth $6,097,000 after purchasing an additional 121,681 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of People Incorporated Common Stock by 242.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,607 shares of the company's stock valued at $64,000 after purchasing an additional 1,138 shares during the last quarter. 88.90% of the stock is currently owned by institutional investors.

People Incorporated Common Stock Stock Performance

Shares of PPLI stock traded up $3.71 on Friday, hitting $39.64. 1,125,185 shares of the stock were exchanged, compared to its average volume of 1,087,757. People Incorporated Common Stock has a one year low of $29.56 and a one year high of $48.32. The firm's 50 day moving average is $39.91 and its two-hundred day moving average is $41.45. The firm has a market capitalization of $2.72 billion, a PE ratio of 8.85 and a beta of 1.03. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.27.

People Incorporated Common Stock (NASDAQ:PPLI - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $433.77 million. People Incorporated Common Stock had a net margin of 16.05% and a return on equity of 8.48%. People Incorporated Common Stock's revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.57 EPS. Sell-side analysts expect that People Incorporated Common Stock will post 6.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wall Street Zen raised shares of People Incorporated Common Stock from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. TD Cowen restated a "buy" rating on shares of People Incorporated Common Stock in a report on Tuesday, August 4th. Benchmark upped their price objective on shares of People Incorporated Common Stock from $60.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Weiss Ratings raised People Incorporated Common Stock from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 5th. Finally, Zacks Research upgraded People Incorporated Common Stock from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $56.08.

People Incorporated Common Stock Company Profile

IAC Inc, together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images across entertainment, food, home, beauty, travel, health, family, luxury, and fashion areas; and magazines related to women and lifestyle. It also operates a digital marketplace that connects home service professionals with consumers for repairing, remodeling, cleaning, landscaping, maintenance, and enhancement services under the Angi Ads, Angi Leads, and Angi Services brands.

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