Analysts Set Playtika Holding Corp. (NASDAQ:PLTK) PT at $9.00

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) has been assigned an average recommendation of "Hold" from the seven ratings firms that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $8.21.

Several research analysts have recently commented on the company. Roth Mkm lifted their target price on Playtika from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Macquarie reduced their price target on Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday. Robert W. Baird restated a "neutral" rating and issued a $6.00 price target (down from $9.00) on shares of Playtika in a research note on Friday. Wedbush restated an "outperform" rating and issued a $11.50 price target on shares of Playtika in a research note on Wednesday. Finally, Baird R W cut Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday.

Insider Transactions at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the company's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $7.54, for a total value of $572,459.42. Following the completion of the transaction, the insider now owns 200,554,660 shares of the company's stock, valued at $1,512,182,136.40. This represents a 0.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 491,921 shares of company stock valued at $4,004,775. Corporate insiders own 4.80% of the company's stock.

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Hedge Funds Weigh In On Playtika

A number of institutional investors and hedge funds have recently bought and sold shares of PLTK. Mackenzie Financial Corp grew its position in shares of Playtika by 314.3% in the 4th quarter. Mackenzie Financial Corp now owns 49,596 shares of the company's stock valued at $344,000 after buying an additional 37,625 shares during the last quarter. Neo Ivy Capital Management grew its position in shares of Playtika by 756.9% in the 4th quarter. Neo Ivy Capital Management now owns 60,963 shares of the company's stock valued at $423,000 after buying an additional 53,849 shares during the last quarter. CSS LLC IL grew its position in shares of Playtika by 78.9% in the 4th quarter. CSS LLC IL now owns 50,233 shares of the company's stock valued at $349,000 after buying an additional 22,161 shares during the last quarter. Woodline Partners LP grew its position in shares of Playtika by 41.4% in the 4th quarter. Woodline Partners LP now owns 449,877 shares of the company's stock valued at $3,122,000 after buying an additional 131,669 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of Playtika by 411.3% in the 4th quarter. Two Sigma Advisers LP now owns 58,800 shares of the company's stock valued at $408,000 after buying an additional 47,300 shares during the last quarter. Institutional investors and hedge funds own 11.94% of the company's stock.

Playtika Stock Down 7.4 %

Shares of NASDAQ PLTK traded down $0.42 during midday trading on Wednesday, hitting $5.28. 2,758,423 shares of the company's stock were exchanged, compared to its average volume of 903,657. Playtika has a 12 month low of $5.22 and a 12 month high of $9.15. The company's 50 day moving average price is $7.02 and its 200 day moving average price is $7.55. The firm has a market capitalization of $1.97 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92.

Playtika Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, March 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.58%. Playtika's dividend payout ratio (DPR) is currently 90.91%.

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.