Bank of New York Mellon Corp Purchases 202,391 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Bank of New York Mellon Corp raised its position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 128.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 360,086 shares of the company's stock after purchasing an additional 202,391 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.10% of Playtika worth $2,499,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Ieq Capital LLC increased its position in shares of Playtika by 36.0% during the fourth quarter. Ieq Capital LLC now owns 33,255 shares of the company's stock worth $231,000 after buying an additional 8,810 shares during the period. Venturi Wealth Management LLC grew its holdings in Playtika by 449.4% during the 4th quarter. Venturi Wealth Management LLC now owns 14,400 shares of the company's stock worth $100,000 after acquiring an additional 11,779 shares during the period. Monument Capital Management raised its position in shares of Playtika by 34.4% in the 4th quarter. Monument Capital Management now owns 13,523 shares of the company's stock worth $94,000 after acquiring an additional 3,459 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Playtika by 23,814.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company's stock worth $4,592,000 after acquiring an additional 663,700 shares in the last quarter. Finally, Summit Trail Advisors LLC lifted its stake in shares of Playtika by 45.8% in the 4th quarter. Summit Trail Advisors LLC now owns 40,653 shares of the company's stock valued at $288,000 after purchasing an additional 12,763 shares during the period. Institutional investors own 11.94% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wedbush reiterated an "outperform" rating and issued a $11.50 target price on shares of Playtika in a report on Wednesday, February 26th. Citigroup lowered their price objective on shares of Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Robert W. Baird reiterated a "neutral" rating and set a $6.00 target price (down previously from $9.00) on shares of Playtika in a research report on Friday, February 28th. Macquarie reduced their price target on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Friday, February 28th. Finally, Baird R W lowered shares of Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $8.32.

Playtika Stock Up 10.0 %

PLTK stock traded up $0.40 during mid-day trading on Monday, reaching $4.41. 5,149,242 shares of the company traded hands, compared to its average volume of 986,843. The firm's 50 day moving average price is $6.39 and its 200 day moving average price is $7.27. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 7.60, a P/E/G ratio of 1.69 and a beta of 0.98. 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 business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.40 annualized dividend and a dividend yield of 9.07%. Playtika's payout ratio is 90.91%.

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.