Playtika Holding Corp. (NASDAQ:PLTK) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. boosted its position in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 109.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,671 shares of the company's stock after purchasing an additional 66,084 shares during the period. Franklin Resources Inc.'s holdings in Playtika were worth $879,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLTK. Arrowstreet Capital Limited Partnership increased its holdings in Playtika by 61.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,923,616 shares of the company's stock valued at $20,290,000 after acquiring an additional 1,109,594 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Playtika by 23,814.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company's stock valued at $4,592,000 after purchasing an additional 663,700 shares during the last quarter. Edgestream Partners L.P. increased its stake in shares of Playtika by 123.6% during the 4th quarter. Edgestream Partners L.P. now owns 415,901 shares of the company's stock worth $2,886,000 after purchasing an additional 229,933 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Playtika by 128.3% during the 4th quarter. Bank of New York Mellon Corp now owns 360,086 shares of the company's stock worth $2,499,000 after purchasing an additional 202,391 shares in the last quarter. Finally, State Street Corp raised its position in shares of Playtika by 12.9% during the 3rd quarter. State Street Corp now owns 1,317,709 shares of the company's stock worth $10,564,000 after purchasing an additional 150,878 shares during the last quarter. 11.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PLTK shares. Citigroup dropped their price target on Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Bank of America upgraded 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 report on Wednesday, March 26th. Macquarie reduced their target price on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Friday, February 28th. Baird R W downgraded shares of Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, Wedbush reissued an "outperform" rating and set a $11.50 price objective on shares of Playtika in a research note 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $7.78.

Playtika Trading Down 1.2 %

PLTK stock traded down $0.06 during trading on Friday, reaching $4.93. The stock had a trading volume of 1,934,233 shares, compared to its average volume of 1,098,808. The firm has a fifty day moving average price of $5.40 and a 200 day moving average price of $6.85. The company has a market capitalization of $1.85 billion, a P/E ratio of 8.50, a PEG ratio of 1.69 and a beta of 0.92. Playtika Holding Corp. has a 1-year low of $3.97 and a 1-year high of $9.16.

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 given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.11%. The ex-dividend date was Friday, March 21st. 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.