Playtika Holding Corp. (NASDAQ:PLTK) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 23,814.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 666,487 shares of the company's stock after purchasing an additional 663,700 shares during the period. Allspring Global Investments Holdings LLC owned 0.18% of Playtika worth $4,592,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PLTK. GAMMA Investing LLC lifted its holdings in shares of Playtika by 146.0% in the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company's stock worth $34,000 after buying an additional 2,910 shares during the period. Versant Capital Management Inc lifted its stake in Playtika by 148.7% in the fourth quarter. Versant Capital Management Inc now owns 5,847 shares of the company's stock worth $41,000 after acquiring an additional 3,496 shares during the period. Neo Ivy Capital Management bought a new position in Playtika during the 3rd quarter worth about $56,000. R Squared Ltd purchased a new position in Playtika during the 4th quarter valued at about $57,000. Finally, KBC Group NV increased its position in Playtika by 19.3% during the 3rd quarter. KBC Group NV now owns 7,820 shares of the company's stock valued at $62,000 after purchasing an additional 1,266 shares during the period. Institutional investors own 11.94% of the company's stock.

Playtika Stock Down 2.4 %

Shares of Playtika stock traded down $0.17 during trading on Friday, reaching $6.97. The company's stock had a trading volume of 918,152 shares, compared to its average volume of 745,216. The company has a 50-day simple moving average of $7.12 and a two-hundred day simple moving average of $7.56. Playtika Holding Corp. has a 1-year low of $6.25 and a 1-year high of $9.15. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 1.71 and a beta of 0.92.

Insiders Place Their Bets

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 91,386 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $8.35, for a total transaction of $763,073.10. Following the transaction, the insider now owns 202,797,957 shares in the company, valued at approximately $1,693,362,940.95. This represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 680,573 shares of company stock valued at $5,613,090. 4.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Roth Mkm increased their price objective on shares of Playtika from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Macquarie reaffirmed a "neutral" rating and set a $7.00 target price on shares of Playtika in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $9.25.

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.