Yakira Capital Management Inc. Has $7.93 Million Holdings in People Incorporated Common Stock $PPLI

Yakira Capital Management Inc. lowered its stake in shares of People Incorporated Common Stock (NASDAQ:PPLI – Free Report) by 9.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 202,790 shares of the company’s stock after selling 20,288 shares during the quarter. People Incorporated Common Stock accounts for 2.7% of Yakira Capital Management Inc.’s portfolio, making the stock its 10th biggest position. Yakira Capital Management Inc.’s holdings in People Incorporated Common Stock were worth $7,929,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of PPLI. Goldman Sachs Group Inc. grew its holdings in People Incorporated Common Stock by 38.6% during the first quarter. Goldman Sachs Group Inc. now owns 415,484 shares of the company’s stock worth $19,087,000 after buying an additional 115,652 shares in the last quarter. United Services Automobile Association bought a new stake in People Incorporated Common Stock during the first quarter worth $207,000. Empowered Funds LLC grew its holdings in People Incorporated Common Stock by 9.8% during the first quarter. Empowered Funds LLC now owns 8,037 shares of the company’s stock worth $369,000 after buying an additional 718 shares in the last quarter. Focus Partners Wealth bought a new stake in People Incorporated Common Stock during the first quarter worth $270,000. Finally, Creative Planning grew its holdings in People Incorporated Common Stock by 8.8% during the second quarter. Creative Planning now owns 11,619 shares of the company’s stock worth $434,000 after buying an additional 944 shares in the last quarter. Institutional investors own 88.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Weiss Ratings downgraded People Incorporated Common Stock from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday. Zacks Research upgraded People Incorporated Common Stock from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. Needham & Company LLC set a $57.00 price target on People Incorporated Common Stock in a report on Tuesday, March 3rd. Wall Street Zen cut People Incorporated Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, TD Cowen boosted their price objective on 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. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.62.

Get Our Latest Research Report on People Incorporated Common Stock

People Incorporated Common Stock Price Performance

PPLI stock opened at $42.64 on Monday. The stock’s fifty day simple moving average is $42.41 and its two-hundred day simple moving average is $39.50. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.30. People Incorporated Common Stock has a 1-year low of $29.56 and a 1-year high of $46.33. The stock has a market cap of $2.93 billion, a P/E ratio of 115.25 and a beta of 1.02.

About People Incorporated Common Stock

(Free Report)

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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