Playtika Holding Corp. (NASDAQ:PLTK) Given Consensus Rating of “Hold” by Brokerages

Playtika Holding Corp. (NASDAQ:PLTK) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $8.21.

PLTK has been the subject of a number of research analyst reports. Roth Mkm increased their price target on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Macquarie decreased their price target on Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Wedbush reiterated an “outperform” rating and issued a $11.50 price target on shares of Playtika in a research note on Wednesday, February 26th. Robert W. Baird reiterated a “neutral” rating and issued a $6.00 price target (down from $9.00) on shares of Playtika in a research note on Friday, February 28th. Finally, Baird R W cut Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th.

Playtika Price Performance

Shares of NASDAQ PLTK opened at $5.14 on Wednesday. The stock has a market capitalization of $1.92 billion, a P/E ratio of 8.86, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. Playtika has a 1-year low of $4.96 and a 1-year high of $9.15. The business has a fifty day moving average price of $6.96 and a 200 day moving average price of $7.53.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date is Friday, March 21st. Playtika’s dividend payout ratio is presently 90.91%.

Insider Activity

In related news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $7.54, for a total transaction of $572,459.42. Following the sale, the insider now directly owns 200,554,660 shares of the company’s stock, valued at $1,512,182,136.40. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.80% of the company’s stock.

Institutional Trading of Playtika

Several hedge funds and other institutional investors have recently bought and sold shares of PLTK. Arrowstreet Capital Limited Partnership grew its holdings in Playtika by 61.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,923,616 shares of the company’s stock worth $20,290,000 after acquiring an additional 1,109,594 shares during the period. Pacer Advisors Inc. boosted its position in Playtika by 8.8% during the third quarter. Pacer Advisors Inc. now owns 10,249,684 shares of the company’s stock worth $81,177,000 after purchasing an additional 829,372 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Playtika by 23,814.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company’s stock worth $4,592,000 after purchasing an additional 663,700 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Playtika during the fourth quarter worth approximately $2,402,000. Finally, The Manufacturers Life Insurance Company boosted its position in Playtika by 13.9% during the third quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock worth $21,267,000 after purchasing an additional 326,890 shares in the last quarter. 11.94% of the stock is owned by institutional investors and hedge funds.

Playtika Company Profile

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.