Edgestream Partners L.P. Invests $1.47 Million in Playtika Holding Corp. (NASDAQ:PLTK)

Edgestream Partners L.P. purchased a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 185,968 shares of the company's stock, valued at approximately $1,473,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. CWM LLC increased its position in shares of Playtika by 65.1% in the third quarter. CWM LLC now owns 85,971 shares of the company's stock worth $681,000 after acquiring an additional 33,902 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Playtika during the 2nd quarter worth $744,000. Quest Partners LLC grew its position in shares of Playtika by 705.5% in the 3rd quarter. Quest Partners LLC now owns 161,249 shares of the company's stock worth $1,277,000 after buying an additional 141,231 shares during the last quarter. Vanguard Group Inc. boosted its stake in Playtika by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company's stock valued at $25,141,000 after buying an additional 76,948 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its stake in shares of Playtika by 365.4% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 171,603 shares of the company's stock valued at $1,351,000 after purchasing an additional 134,732 shares in the last quarter. 11.94% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of Playtika stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $8.69, for a total transaction of $845,241.54. Following the sale, the insider now directly owns 202,968,069 shares of the company's stock, valued at approximately $1,763,792,519.61. The trade was a 0.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 261,973 shares of company stock valued at $2,235,209 in the last ninety days. Insiders own 4.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

Playtika Stock Up 0.5 %

NASDAQ:PLTK traded up $0.04 during midday trading on Wednesday, hitting $8.61. The stock had a trading volume of 964,538 shares, compared to its average volume of 845,951. Playtika Holding Corp. has a one year low of $6.25 and a one year high of $9.23. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 2.18 and a beta of 0.88. The stock has a 50-day moving average of $8.01 and a 200 day moving average of $7.87.

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

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.65%. Playtika's payout ratio is presently 68.97%.

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.