Verition Fund Management LLC Acquires Shares of 76,863 Playtika Holding Corp. (NASDAQ:PLTK)

Verition Fund Management LLC acquired a new stake in Playtika Holding Corp. (NASDAQ:PLTKGet Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 76,863 shares of the company’s stock, valued at approximately $1,486,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IndexIQ Advisors LLC bought a new stake in Playtika in the first quarter valued at approximately $37,000. MetLife Investment Management LLC bought a new stake in Playtika in the first quarter valued at approximately $130,000. Gladius Capital Management LP bought a new stake in Playtika in the first quarter valued at approximately $140,000. New York State Teachers Retirement System bought a new stake in Playtika in the first quarter valued at approximately $157,000. Finally, Principal Financial Group Inc. raised its stake in Playtika by 5.3% in the fourth quarter. Principal Financial Group Inc. now owns 11,246 shares of the company’s stock valued at $194,000 after buying an additional 567 shares during the period. Institutional investors own 20.08% of the company’s stock.

Playtika Stock Up 2.6 %

PLTK opened at $10.35 on Tuesday. Playtika Holding Corp. has a twelve month low of $9.84 and a twelve month high of $30.00. The company has a 50-day simple moving average of $11.54 and a 200 day simple moving average of $14.38. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 13.99, a P/E/G ratio of 1.73 and a beta of 0.30.

Wall Street Analyst Weigh In

PLTK has been the topic of a number of recent research reports. MKM Partners lowered Playtika from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $17.00 to $13.50 in a research note on Friday, August 5th. Morgan Stanley reduced their target price on shares of Playtika from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Monday, June 13th. Cowen reduced their target price on shares of Playtika from $35.00 to $31.00 in a research report on Friday, August 5th. Citigroup reduced their target price on shares of Playtika from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Finally, The Goldman Sachs Group reduced their target price on shares of Playtika from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Monday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.42.

About Playtika

(Get Rating)

Playtika Holding Corp. develops mobile games in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company owns a portfolio of casual and casino-themed games. It distributes its games to the end customer through various web and mobile platforms, such as Apple, Facebook, Google, and other web and mobile platforms and its own proprietary platforms.

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Institutional Ownership by Quarter for Playtika (NASDAQ:PLTK)

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