Russell Investments Group Ltd. Buys 78,716 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Russell Investments Group Ltd. raised its stake in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 43.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 260,040 shares of the company's stock after acquiring an additional 78,716 shares during the period. Russell Investments Group Ltd. owned about 0.07% of Playtika worth $1,812,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. 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 worth $20,290,000 after purchasing an additional 1,109,594 shares during the last quarter. Allspring Global Investments Holdings LLC grew 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 worth $4,592,000 after buying an additional 663,700 shares during the last quarter. Edgestream Partners L.P. increased its holdings in shares of Playtika by 123.6% during the fourth quarter. Edgestream Partners L.P. now owns 415,901 shares of the company's stock worth $2,886,000 after buying an additional 229,933 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of 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 buying an additional 202,391 shares in the last quarter. Finally, State Street Corp raised its stake in shares of 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 acquiring an additional 150,878 shares during the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Bank of America raised Playtika from an "underperform" rating to a "buy" rating and raised their price target for the company from $6.00 to $6.50 in a report on Wednesday, March 26th. Wedbush reiterated an "outperform" rating and set a $11.50 price target on shares of Playtika in a research report on Wednesday, February 26th. Citigroup decreased their price objective on shares of Playtika from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Baird R W lowered shares of Playtika from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Morgan Stanley lowered their price target on shares of Playtika from $7.25 to $5.75 and set an "equal weight" rating for the company in a report on Thursday. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $7.78.

Playtika Price Performance

Shares of NASDAQ PLTK opened at $4.93 on Friday. The company's 50 day simple moving average is $5.40 and its 200 day simple moving average is $6.86. Playtika Holding Corp. has a fifty-two week low of $3.97 and a fifty-two week high of $9.16. The firm has a market capitalization of $1.85 billion, a P/E ratio of 8.50, a P/E/G ratio of 1.69 and a beta of 0.92.

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.40 annualized dividend and a dividend yield of 8.11%. Playtika's dividend payout ratio is currently 90.91%.

About Playtika

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.

Want to see what other hedge funds are holding PLTK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Playtika Holding Corp. (NASDAQ:PLTK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.