Playtika Holding Corp. (NASDAQ:PLTK) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership raised its position in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 61.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,923,616 shares of the company's stock after purchasing an additional 1,109,594 shares during the period. Arrowstreet Capital Limited Partnership owned 0.78% of Playtika worth $20,290,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. EntryPoint Capital LLC lifted its stake in shares of Playtika by 25.2% in the fourth quarter. EntryPoint Capital LLC now owns 37,659 shares of the company's stock worth $261,000 after buying an additional 7,569 shares in the last quarter. Prudential Financial Inc. lifted its stake in Playtika by 11.8% in the 4th quarter. Prudential Financial Inc. now owns 234,401 shares of the company's stock worth $1,627,000 after purchasing an additional 24,800 shares in the last quarter. Napatree Capital LLC boosted its holdings in shares of Playtika by 80.1% during the 4th quarter. Napatree Capital LLC now owns 82,628 shares of the company's stock worth $573,000 after purchasing an additional 36,751 shares during the last quarter. AXQ Capital LP grew its position in shares of Playtika by 186.3% in the fourth quarter. AXQ Capital LP now owns 47,293 shares of the company's stock valued at $328,000 after purchasing an additional 30,776 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its position in shares of Playtika by 11.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 76,550 shares of the company's stock valued at $531,000 after purchasing an additional 8,000 shares in the last quarter. Institutional investors and hedge funds own 11.94% of the company's stock.

Playtika Price Performance

Shares of PLTK stock traded down $0.11 during trading hours on Tuesday, hitting $4.54. The company had a trading volume of 1,392,678 shares, compared to its average volume of 1,070,494. The stock has a market capitalization of $1.70 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. The company's fifty day moving average is $5.82 and its 200 day moving average is $7.03. Playtika Holding Corp. has a fifty-two week low of $3.97 and a fifty-two week high of $9.16.

Playtika Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 8.81%. The ex-dividend date was Friday, March 21st. Playtika's dividend payout ratio (DPR) is 90.91%.

Analyst Ratings Changes

PLTK has been the subject of several analyst reports. Baird R W cut Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Bank of America raised shares of Playtika from an "underperform" rating to a "buy" rating and upped their price objective for the company from $6.00 to $6.50 in a report on Wednesday, March 26th. Macquarie cut their price objective on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday, February 28th. Citigroup decreased their target price on shares of Playtika from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Finally, Robert W. Baird restated a "neutral" rating and set a $6.00 price target (down previously from $9.00) on shares of Playtika in a report on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Playtika presently has a consensus rating of "Hold" and a consensus target price of $8.09.

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.