Playtika Holding Corp. (NASDAQ:PLTK) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 13.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,685,196 shares of the company's stock after acquiring an additional 326,890 shares during the period. The Manufacturers Life Insurance Company owned about 0.72% of Playtika worth $21,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Playtika during the second quarter valued at approximately $31,000. Versant Capital Management Inc bought a new stake in Playtika during the 2nd quarter valued at $36,000. Acadian Asset Management LLC purchased a new position in shares of Playtika in the 2nd quarter valued at $43,000. Headlands Technologies LLC raised its position in shares of Playtika by 648.8% in the 2nd quarter. Headlands Technologies LLC now owns 6,687 shares of the company's stock worth $53,000 after acquiring an additional 5,794 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Playtika during the 3rd quarter worth $62,000. Hedge funds and other institutional investors own 11.94% of the company's stock.

Wall Street Analysts Forecast Growth

PLTK has been the subject of a number of recent research reports. Macquarie reiterated a "neutral" rating and issued a $7.00 target price on shares of Playtika in a report on Friday, November 8th. Roth Mkm boosted their price objective on shares of Playtika from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Finally, Wedbush restated an "outperform" rating and issued a $11.50 target price on shares of Playtika in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Playtika presently has an average rating of "Hold" and an average target price of $9.00.

Insider Activity at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of Playtika stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $8.69, for a total transaction of $845,241.54. Following the completion of the transaction, the insider now directly owns 202,968,069 shares of the company's stock, valued at $1,763,792,519.61. The trade was a 0.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 261,973 shares of company stock worth $2,235,209 over the last three months. Company insiders own 4.80% of the company's stock.

Playtika Price Performance

PLTK traded up $0.09 on Friday, reaching $8.42. 240,833 shares of the stock were exchanged, compared to its average volume of 550,339. The company's 50-day moving average price is $7.98 and its 200 day moving average price is $7.89. The firm has a market capitalization of $3.14 billion, a PE ratio of 14.52, a PEG ratio of 2.17 and a beta of 0.85. Playtika Holding Corp. has a fifty-two week low of $6.25 and a fifty-two week high of $9.23.

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

Playtika Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, December 20th. This represents a $0.40 annualized dividend and a dividend yield of 4.75%. Playtika's dividend payout ratio (DPR) is presently 68.97%.

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.