ExodusPoint Capital Management LP Makes New $601,000 Investment in Playtika Holding Corp. (NASDAQ:PLTK)

ExodusPoint Capital Management LP purchased a new position in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 86,544 shares of the company's stock, valued at approximately $601,000.

A number of other institutional investors have also added to or reduced their stakes in PLTK. GAMMA Investing LLC increased its holdings in Playtika by 146.0% in the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company's stock valued at $34,000 after acquiring an additional 2,910 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Playtika by 148.7% during the fourth quarter. Versant Capital Management Inc now owns 5,847 shares of the company's stock valued at $41,000 after purchasing an additional 3,496 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Playtika in the third quarter worth about $56,000. R Squared Ltd purchased a new stake in shares of Playtika in the fourth quarter worth about $57,000. Finally, Kera Capital Partners Inc. bought a new position in Playtika during the fourth quarter valued at approximately $70,000. 11.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PLTK shares. Bank of America raised Playtika from an "underperform" rating to a "buy" rating and lifted their price objective for the stock from $6.00 to $6.50 in a research note on Wednesday, March 26th. Macquarie decreased their price target on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Friday, February 28th. Robert W. Baird reiterated a "neutral" rating and set a $6.00 price objective (down previously from $9.00) on shares of Playtika in a research report on Friday, February 28th. Baird R W cut shares of Playtika from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Wedbush reiterated an "outperform" rating and issued a $11.50 price target on shares of Playtika in a research report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Playtika presently has an average rating of "Hold" and an average target price of $8.09.

Playtika Trading Down 2.9 %

Shares of NASDAQ PLTK traded down $0.15 during midday trading on Thursday, hitting $4.85. The company's stock had a trading volume of 373,129 shares, compared to its average volume of 1,087,392. Playtika Holding Corp. has a 12-month low of $3.97 and a 12-month high of $9.16. The firm has a market cap of $1.82 billion, a P/E ratio of 8.37, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. The business's 50 day moving average is $5.50 and its two-hundred day moving average is $6.90.

Playtika Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a $0.10 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.40 dividend on an annualized basis and a yield of 8.26%. Playtika's payout ratio is 90.91%.

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.