Playtika (NASDAQ:PLTK) Trading 4.6% Higher – Still a Buy?

Shares of Playtika Holding Corp. (NASDAQ:PLTK) shot up 4.6% during trading on Monday . The company traded as high as $7.11 and last traded at $7.08. 898,590 shares were traded during mid-day trading, an increase of 5% from the average session volume of 858,713 shares. The stock had previously closed at $6.77.

Analysts Set New Price Targets

PLTK has been the subject of a number of recent research reports. Wedbush restated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research note on Thursday, September 19th. Macquarie reiterated a “neutral” rating and issued a $7.00 price objective on shares of Playtika in a research note on Friday, November 8th. Finally, Roth Mkm raised their target price on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Playtika currently has an average rating of “Hold” and an average target price of $9.00.

Playtika Stock Up 4.3 %

The business’s fifty day moving average is $7.98 and its two-hundred day moving average is $7.73. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88.

Playtika (NASDAQ:PLTK) last released its earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The firm had revenue of $620.80 million during the quarter, compared to analyst estimates of $622.46 million. During the same period last year, the business posted $0.19 earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. Research analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a yield of 5.67%. Playtika’s payout ratio is presently 68.97%.

Insider Transactions at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $8.69, for a total value of $845,241.54. Following the transaction, the insider now directly owns 202,968,069 shares of the company’s stock, valued at approximately $1,763,792,519.61. This trade represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 753,894 shares of company stock worth $6,239,985 in the last quarter. 4.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in Playtika in the second quarter valued at about $43,000. Headlands Technologies LLC grew its position in shares of Playtika by 648.8% during the 2nd quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock worth $53,000 after buying an additional 5,794 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Playtika in the 3rd quarter valued at about $56,000. Capital Performance Advisors LLP acquired a new stake in shares of Playtika in the 3rd quarter valued at approximately $62,000. Finally, KBC Group NV boosted its stake in Playtika by 19.3% during the 3rd quarter. KBC Group NV now owns 7,820 shares of the company’s stock worth $62,000 after acquiring an additional 1,266 shares during the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

About Playtika

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.