Edgestream Partners L.P. Has $2.89 Million Stock Position in Playtika Holding Corp. (NASDAQ:PLTK)

Edgestream Partners L.P. lifted its position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 123.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 415,901 shares of the company's stock after purchasing an additional 229,933 shares during the quarter. Edgestream Partners L.P. owned 0.11% of Playtika worth $2,886,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLTK. GAMMA Investing LLC raised its stake in shares of Playtika by 146.0% during 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 grew its stake in shares of Playtika by 148.7% in the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company's stock valued at $41,000 after buying an additional 3,496 shares during the period. Neo Ivy Capital Management purchased a new position in Playtika in the third quarter worth approximately $56,000. R Squared Ltd purchased a new stake in Playtika in the 4th quarter valued at about $57,000. Finally, KBC Group NV lifted its holdings in shares of Playtika by 19.3% in the 3rd quarter. KBC Group NV now owns 7,820 shares of the company's stock worth $62,000 after acquiring an additional 1,266 shares during the last quarter. Hedge funds and other institutional investors own 11.94% of the company's stock.

Insider Activity

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of Playtika stock in a transaction on 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 owns 200,554,660 shares of the company's stock, valued at $1,512,182,136.40. The trade was a 0.04 % decrease in their position. The sale 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.

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Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Citigroup lowered their target price on Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a report on Friday, March 7th. Baird R W downgraded Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Macquarie decreased their price target on shares of 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 set a $11.50 target price on shares of Playtika in a research report on Wednesday, February 26th. Finally, Robert W. Baird restated a "neutral" rating and issued a $6.00 price target (down previously from $9.00) on shares of Playtika in a research report on Friday, February 28th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $8.32.

Playtika Stock Down 3.5 %

PLTK stock traded down $0.17 during trading on Thursday, hitting $4.63. 2,199,997 shares of the company's stock traded hands, compared to its average volume of 892,229. The stock has a fifty day moving average price of $6.73 and a two-hundred day moving average price of $7.42. Playtika Holding Corp. has a 52 week low of $4.63 and a 52 week high of $9.16. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Playtika Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.40 dividend on an annualized basis and a yield of 8.64%. Playtika's dividend payout ratio is currently 90.91%.

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.