Playtika Target of Unusually Large Options Trading (NASDAQ:PLTK)

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 4,603 call options on the stock. This is an increase of approximately 2,501% compared to the average daily volume of 177 call options.

Institutional Investors Weigh In On Playtika

Hedge funds have recently bought and sold shares of the stock. Covestor Ltd lifted its stake in shares of Playtika by 11.4% in the 4th quarter. Covestor Ltd now owns 14,103 shares of the company's stock valued at $98,000 after purchasing an additional 1,447 shares during the period. Sterling Capital Management LLC raised its position in shares of Playtika by 57.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company's stock worth $29,000 after acquiring an additional 1,534 shares during the period. Choreo LLC boosted its stake in shares of Playtika by 14.9% during the 4th quarter. Choreo LLC now owns 12,485 shares of the company's stock worth $90,000 after acquiring an additional 1,619 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Playtika by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company's stock valued at $3,726,000 after acquiring an additional 1,639 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Playtika by 3.0% in the 4th quarter. Invesco Ltd. now owns 78,390 shares of the company's stock valued at $544,000 after purchasing an additional 2,304 shares in the last quarter. Hedge funds and other institutional investors own 11.94% of the company's stock.

Playtika Stock Performance

NASDAQ:PLTK remained flat at $5.20 during mid-day trading on Friday. 2,202,228 shares of the company's stock traded hands, compared to its average volume of 1,053,516. The business's 50-day moving average price is $6.18 and its two-hundred day moving average price is $7.19. The company has a market capitalization of $1.95 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. Playtika has a one year low of $3.97 and a one year high of $9.16.

Playtika Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 7.69%. The ex-dividend date is Friday, March 21st. Playtika's dividend payout ratio (DPR) is 90.91%.

Wall Street Analyst Weigh In

Several research firms have commented on PLTK. Macquarie reduced their price objective on Playtika from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Friday, February 28th. Wedbush reissued an "outperform" rating and set a $11.50 price objective on shares of Playtika in a report on Wednesday, February 26th. Citigroup lowered their target price on Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a report on Friday, March 7th. Baird R W lowered Playtika from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Robert W. Baird restated a "neutral" rating and set a $6.00 price objective (down previously from $9.00) on shares of Playtika in a report on Friday, February 28th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $8.09.

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.