Marshall Wace LLP grew its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 26.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 455,779 shares of the company's stock after buying an additional 96,576 shares during the quarter. Marshall Wace LLP owned 0.12% of Playtika worth $3,163,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in PLTK. Covestor Ltd grew its holdings in Playtika by 11.4% in the 4th quarter. Covestor Ltd now owns 14,103 shares of the company's stock worth $98,000 after acquiring an additional 1,447 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Playtika by 57.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company's stock worth $29,000 after acquiring an additional 1,534 shares in the last quarter. Choreo LLC raised its position in shares of Playtika by 14.9% in the 4th quarter. Choreo LLC now owns 12,485 shares of the company's stock worth $90,000 after acquiring an additional 1,619 shares in the last quarter. Invesco Ltd. grew its stake in shares of Playtika by 3.0% in the 4th quarter. Invesco Ltd. now owns 78,390 shares of the company's stock worth $544,000 after buying an additional 2,304 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Playtika by 146.0% in the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company's stock worth $34,000 after buying an additional 2,910 shares during the last quarter. Hedge funds and other institutional investors own 11.94% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have commented on PLTK shares. Citigroup cut their target price on Playtika from $10.00 to $9.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Baird R W cut Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Morgan Stanley decreased their target price on Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Bank of America upgraded Playtika from an "underperform" rating to a "buy" rating and increased their target price for the stock from $6.00 to $6.50 in a research report on Wednesday, March 26th. Finally, Wedbush restated an "outperform" rating and issued a $11.50 price target on shares of Playtika in a research note on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $7.78.
Get Our Latest Analysis on Playtika
Playtika Stock Up 1.0 %
NASDAQ:PLTK traded up $0.05 during trading hours on Tuesday, reaching $5.28. 1,224,321 shares of the stock were exchanged, compared to its average volume of 1,117,094. Playtika Holding Corp. has a twelve month low of $3.97 and a twelve month high of $9.16. The business has a 50-day moving average of $5.13 and a two-hundred day moving average of $6.75. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.69 and a beta of 0.92.
Playtika Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 7.58%. The ex-dividend date was Friday, March 21st. Playtika's dividend payout ratio (DPR) is presently 90.91%.
Playtika Company Profile
(
Free Report)
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.
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