Jacobs Levy Equity Management Inc. Acquires 142,112 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Jacobs Levy Equity Management Inc. raised its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 14.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,137,595 shares of the company's stock after buying an additional 142,112 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.31% of Playtika worth $9,010,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Centiva Capital LP increased its stake in Playtika by 50.4% during the 3rd quarter. Centiva Capital LP now owns 63,119 shares of the company's stock valued at $500,000 after buying an additional 21,143 shares during the period. ClearAlpha Technologies LP acquired a new position in shares of Playtika in the 3rd quarter worth approximately $270,000. Paloma Partners Management Co grew its stake in shares of Playtika by 107.6% in the 3rd quarter. Paloma Partners Management Co now owns 32,720 shares of the company's stock worth $259,000 after purchasing an additional 16,962 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Playtika in the 3rd quarter worth approximately $1,473,000. Finally, Captrust Financial Advisors grew its stake in shares of Playtika by 14.3% in the 3rd quarter. Captrust Financial Advisors now owns 21,474 shares of the company's stock worth $170,000 after purchasing an additional 2,694 shares during the last quarter. Institutional investors and hedge funds own 11.94% of the company's stock.

Analyst Upgrades and Downgrades

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

Playtika Trading Up 0.4 %

Shares of PLTK traded up $0.03 during midday trading on Friday, hitting $8.56. The stock had a trading volume of 862,207 shares, compared to its average volume of 845,368. Playtika Holding Corp. has a fifty-two week low of $6.25 and a fifty-two week high of $9.23. The business has a 50-day simple moving average of $8.04 and a two-hundred day simple moving average of $7.88. The firm has a market cap of $3.19 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 2.21 and a beta of 0.88.

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

Playtika Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend is Friday, December 20th. Playtika's dividend payout ratio is currently 68.97%.

Insider Buying and Selling

In related news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the firm's 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 completion of the sale, the insider now directly owns 202,968,069 shares in the company, valued at approximately $1,763,792,519.61. This trade represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 386,463 shares of company stock worth $3,285,905. 4.80% of the stock is owned by company insiders.

Playtika Company 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.