Raymond James Financial Inc. Takes Position in Playtika Holding Corp. (NASDAQ:PLTK)

Raymond James Financial Inc. bought a new position in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 108,782 shares of the company's stock, valued at approximately $755,000.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in Playtika by 23,814.1% during the fourth 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 during the last quarter. Bank of New York Mellon Corp raised its stake in Playtika by 128.3% during the fourth quarter. Bank of New York Mellon Corp now owns 360,086 shares of the company's stock worth $2,499,000 after acquiring an additional 202,391 shares during the period. State Street Corp lifted its holdings in Playtika by 12.9% in the third quarter. State Street Corp now owns 1,317,709 shares of the company's stock worth $10,564,000 after acquiring an additional 150,878 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Playtika in the third quarter valued at approximately $608,000. Finally, SG Americas Securities LLC grew its holdings in shares of Playtika by 76.2% during the fourth quarter. SG Americas Securities LLC now owns 175,008 shares of the company's stock valued at $1,215,000 after purchasing an additional 75,702 shares during the last quarter. 11.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PLTK shares. Baird R W lowered Playtika from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Bank of America upgraded shares of Playtika from an "underperform" rating to a "buy" rating and upped their price target for the stock from $6.00 to $6.50 in a research report on Wednesday, March 26th. Robert W. Baird reiterated a "neutral" rating and issued a $6.00 price objective (down from $9.00) on shares of Playtika in a research report on Friday, February 28th. Wedbush restated an "outperform" rating and issued a $11.50 target price on shares of Playtika in a research report on Wednesday, February 26th. Finally, Macquarie cut their price target on Playtika from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Playtika currently has a consensus rating of "Hold" and a consensus target price of $8.09.

Playtika Price Performance

Shares of NASDAQ PLTK traded up $0.01 during mid-day trading on Thursday, reaching $4.95. 1,588,596 shares of the company traded hands, compared to its average volume of 1,076,062. The firm has a market cap of $1.86 billion, a PE ratio of 8.53, a price-to-earnings-growth 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. The stock has a fifty day simple moving average of $5.68 and a 200-day simple moving average of $6.98.

Playtika Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 8.08%. The ex-dividend date was Friday, March 21st. Playtika's dividend payout ratio (DPR) is presently 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.