Playtika Holding Corp. (NASDAQ:PLTK) Receives Consensus Rating of "Hold" from Brokerages

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) has earned a consensus recommendation of "Hold" from the nine analysts that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $7.78.

PLTK has been the subject of several analyst reports. Macquarie lowered their target price on Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, February 28th. Wedbush reissued an "outperform" rating and issued a $11.50 target price on shares of Playtika in a research report on Wednesday, February 26th. Baird R W lowered Playtika from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Morgan Stanley reduced their price target on shares of Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a research report on Thursday. Finally, Citigroup decreased their price objective on shares of Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a report on Friday, March 7th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership grew its position in shares of Playtika by 61.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,923,616 shares of the company's stock worth $20,290,000 after purchasing an additional 1,109,594 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Playtika by 23,814.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company's stock worth $4,592,000 after buying an additional 663,700 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Playtika in the fourth quarter valued at $2,402,000. Quantinno Capital Management LP grew its stake in Playtika by 76.0% in the fourth quarter. Quantinno Capital Management LP now owns 692,975 shares of the company's stock valued at $4,809,000 after acquiring an additional 299,278 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Playtika by 9.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,926,854 shares of the company's stock valued at $20,312,000 after purchasing an additional 241,658 shares during the last quarter. Institutional investors and hedge funds own 11.94% of the company's stock.

Playtika Stock Performance

Shares of Playtika stock traded down $0.01 during trading hours on Thursday, hitting $4.92. The company's stock had a trading volume of 362,339 shares, compared to its average volume of 1,096,024. The firm has a fifty day moving average of $5.40 and a 200-day moving average of $6.85. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 1.69 and a beta of 0.92. Playtika has a twelve month low of $3.97 and a twelve month high of $9.16.

Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 8.13%. The ex-dividend date was Friday, March 21st. Playtika's dividend payout ratio 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.