Tidal Investments LLC Has $474,000 Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

Tidal Investments LLC cut its stake in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 75.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,824 shares of the company's stock after selling 186,611 shares during the period. Tidal Investments LLC's holdings in Playtika were worth $474,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC grew its stake in Playtika by 66.6% in the 2nd quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company's stock valued at $61,672,000 after acquiring an additional 3,132,272 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Playtika by 19.7% in the 2nd quarter. Pacer Advisors Inc. now owns 9,420,312 shares of the company's stock valued at $74,138,000 after buying an additional 1,552,606 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Playtika by 13.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company's stock valued at $21,267,000 after buying an additional 326,890 shares during the period. Edgestream Partners L.P. acquired a new stake in Playtika during the third quarter worth about $1,473,000. Finally, State Street Corp increased its holdings in Playtika by 12.9% in the 3rd quarter. State Street Corp now owns 1,317,709 shares of the company's stock valued at $10,564,000 after purchasing an additional 150,878 shares in the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Playtika Stock Performance

PLTK traded down $0.09 during midday trading on Monday, reaching $6.76. 981,154 shares of the company were exchanged, compared to its average volume of 861,522. The stock's 50-day simple moving average is $8.06 and its 200 day simple moving average is $7.80. Playtika Holding Corp. has a one year low of $6.25 and a one year high of $9.15. The stock has a market capitalization of $2.52 billion, a P/E ratio of 11.66, a PEG ratio of 1.97 and a beta of 0.88.

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

Playtika Announces Dividend

The firm also recently declared 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. This represents a $0.40 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date is Friday, December 20th. Playtika's payout ratio is currently 68.97%.

Insider Buying and Selling at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 291,508 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $8.17, for a total value of $2,381,620.36. Following the transaction, the insider now directly owns 201,000,143 shares in the company, valued at approximately $1,642,171,168.31. This represents a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 753,894 shares of company stock worth $6,239,985 over the last 90 days. Company insiders own 4.80% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on PLTK shares. Roth Mkm lifted their price target 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. Macquarie reaffirmed a "neutral" rating and set a $7.00 price target on shares of Playtika in a research report on Friday, November 8th. Finally, Wedbush reissued an "outperform" rating and issued a $11.50 price objective on shares of Playtika in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Playtika currently has a consensus rating of "Hold" and a consensus target price of $9.00.

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.