LSV Asset Management Sells 523,218 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

LSV Asset Management reduced its position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 6.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,022,767 shares of the company's stock after selling 523,218 shares during the quarter. LSV Asset Management owned about 1.88% of Playtika worth $48,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in PLTK. Arrowstreet Capital Limited Partnership grew its holdings in shares of Playtika by 61.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,923,616 shares of the company's stock valued at $20,290,000 after buying an additional 1,109,594 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Playtika by 23,814.1% during the 4th 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 in the last quarter. Edgestream Partners L.P. increased its stake in 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 raised its holdings in 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 buying an additional 202,391 shares during the period. Finally, State Street Corp lifted its stake in Playtika by 12.9% in the third quarter. State Street Corp now owns 1,317,709 shares of the company's stock valued at $10,564,000 after buying an additional 150,878 shares in the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Playtika Stock Performance

PLTK traded down $0.17 on Thursday, reaching $4.83. The company had a trading volume of 645,964 shares, compared to its average volume of 1,088,433. The company's fifty day moving average is $5.50 and its 200 day moving average is $6.90. The stock has a market cap of $1.81 billion, a P/E ratio of 8.35, a P/E/G ratio of 1.69 and a beta of 0.92. Playtika Holding Corp. has a fifty-two week low of $3.97 and a fifty-two week high of $9.16.

Playtika Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.40 annualized dividend and a yield of 8.29%. Playtika's payout ratio is currently 90.91%.

Wall Street Analyst Weigh In

Several brokerages recently commented on PLTK. Macquarie reduced their target price on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Friday, February 28th. Bank of America raised Playtika from an "underperform" rating to a "buy" rating and increased their price objective for the company from $6.00 to $6.50 in a report on Wednesday, March 26th. Citigroup dropped their price target on shares of Playtika from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Robert W. Baird restated a "neutral" rating and set a $6.00 price objective (down from $9.00) on shares of Playtika in a research note on Friday, February 28th. Finally, Morgan Stanley cut their target price on shares of Playtika from $7.25 to $5.75 and set an "equal weight" rating for the company in a research note on Thursday. 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, the stock currently has an average rating of "Hold" and an average target price of $7.78.

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.