Charles Schwab Investment Management Inc. Reduces Stock Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

Charles Schwab Investment Management Inc. decreased its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 19.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 329,730 shares of the company's stock after selling 77,216 shares during the period. Charles Schwab Investment Management Inc. owned about 0.09% of Playtika worth $2,611,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLTK. Pacer Advisors Inc. boosted its stake in shares of Playtika by 8.8% in the 3rd quarter. Pacer Advisors Inc. now owns 10,249,684 shares of the company's stock worth $81,177,000 after buying an additional 829,372 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Playtika by 66.6% in the 2nd quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company's stock worth $61,672,000 after purchasing an additional 3,132,272 shares during the period. Renaissance Technologies LLC grew its position in Playtika by 1.6% during the second quarter. Renaissance Technologies LLC now owns 2,106,345 shares of the company's stock valued at $16,577,000 after buying an additional 32,802 shares during the period. ARK Investment Management LLC increased its holdings in Playtika by 7.9% during the second quarter. ARK Investment Management LLC now owns 314,742 shares of the company's stock valued at $2,477,000 after buying an additional 22,913 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its position in Playtika by 365.4% in the second quarter. Susquehanna Fundamental Investments LLC now owns 171,603 shares of the company's stock worth $1,351,000 after acquiring an additional 134,732 shares during the period. Hedge funds and other institutional investors own 11.94% of the company's stock.

Playtika Stock Performance

PLTK traded down $0.14 during trading on Monday, reaching $7.49. 894,528 shares of the company traded hands, compared to its average volume of 849,293. Playtika Holding Corp. has a 12-month low of $6.25 and a 12-month high of $9.15. The firm has a fifty day simple moving average of $8.09 and a 200 day simple moving average of $7.86. The company has a market cap of $2.79 billion, a P/E ratio of 13.16, a PEG ratio of 1.97 and a beta of 0.88.

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

Playtika Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date of this dividend is Friday, December 20th. Playtika's payout ratio is presently 68.97%.

Insider Buying and Selling at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 124,490 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $8.44, for a total transaction of $1,050,695.60. Following the completion of the transaction, the insider now owns 202,673,467 shares in the company, valued at $1,710,564,061.48. This trade represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 386,463 shares of company stock worth $3,285,905 in the last quarter. 4.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PLTK has been the subject of several analyst reports. Roth Mkm upped their price objective on Playtika from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Wedbush reaffirmed an "outperform" rating and issued a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. Finally, Macquarie reissued a "neutral" rating and issued a $7.00 target price on shares of Playtika in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $9.00.

Playtika 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.