SG Americas Securities LLC Purchases 75,702 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

SG Americas Securities LLC boosted its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 76.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 175,008 shares of the company's stock after acquiring an additional 75,702 shares during the quarter. SG Americas Securities LLC's holdings in Playtika were worth $1,215,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PLTK. American Century Companies Inc. acquired a new stake in Playtika in the second quarter worth about $412,000. Amalgamated Bank grew its position in shares of Playtika by 719.0% during the 2nd quarter. Amalgamated Bank now owns 12,384 shares of the company's stock worth $97,000 after buying an additional 10,872 shares during the period. Squarepoint Ops LLC acquired a new position in Playtika in the second quarter valued at approximately $398,000. Susquehanna Fundamental Investments LLC boosted its stake in Playtika by 365.4% in the second quarter. Susquehanna Fundamental Investments LLC now owns 171,603 shares of the company's stock valued at $1,351,000 after acquiring an additional 134,732 shares during the last quarter. Finally, Ariadne Wealth Management LP acquired a new stake in Playtika during the 2nd quarter worth $82,000. 11.94% of the stock is owned by institutional investors.

Playtika Price Performance

Shares of PLTK traded down $0.22 during midday trading on Friday, hitting $7.16. The stock had a trading volume of 467,462 shares, compared to its average volume of 772,332. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 1.76 and a beta of 0.92. The company has a 50 day simple moving average of $7.47 and a two-hundred day simple moving average of $7.60. Playtika Holding Corp. has a twelve month low of $6.25 and a twelve month high of $9.15.

Playtika (NASDAQ:PLTK - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The firm had revenue of $620.80 million during the quarter, compared to analyst estimates of $622.46 million. During the same period in the prior year, the business posted $0.19 EPS. The firm's quarterly revenue was down 1.5% compared to the same quarter last year. Analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 5.59%. The ex-dividend date was Friday, December 20th. Playtika's payout ratio is 68.97%.

Insider Activity at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $8.69, for a total transaction of $845,241.54. Following the sale, the insider now owns 202,968,069 shares in the company, valued at $1,763,792,519.61. This represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last 90 days, insiders sold 753,894 shares of company stock valued at $6,239,985. Corporate insiders own 4.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Roth Mkm upped their price objective on Playtika from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Macquarie reissued a "neutral" rating and set a $7.00 price objective on shares of Playtika in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $9.25.

Playtika 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.