Stock Traders Purchase High Volume of Call Options on Playtika (NASDAQ:PLTK)

Playtika Holding Corp. (NASDAQ:PLTKGet Rating) saw unusually large options trading activity on Friday. Investors bought 45,567 call options on the stock. This represents an increase of approximately 1,062% compared to the average volume of 3,921 call options.

Analyst Upgrades and Downgrades

PLTK has been the topic of several analyst reports. Morgan Stanley dropped their price target on shares of Playtika from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Citigroup reduced their price objective on shares of Playtika from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, December 19th. Cowen decreased their price objective on shares of Playtika to $29.00 in a report on Tuesday, November 15th. Bank of America upgraded shares of Playtika from an “underperform” rating to a “neutral” rating and set a $9.00 target price on the stock in a report on Tuesday, December 13th. Finally, BTIG Research cut shares of Playtika from a “buy” rating to a “neutral” rating in a report on Wednesday, October 12th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Playtika has an average rating of “Hold” and an average target price of $16.68.

Playtika Stock Performance

Shares of PLTK opened at $10.20 on Friday. The company has a 50-day simple moving average of $9.05 and a 200-day simple moving average of $10.25. Playtika has a 52 week low of $7.81 and a 52 week high of $21.45. The firm has a market capitalization of $3.68 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.12 and a beta of 0.44.

Playtika (NASDAQ:PLTKGet Rating) last posted its quarterly earnings results on Tuesday, November 8th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). Playtika had a net margin of 11.02% and a negative return on equity of 130.35%. The firm had revenue of $647.80 million during the quarter, compared to analyst estimates of $482.68 million. As a group, equities analysts forecast that Playtika will post 0.66 earnings per share for the current year.

Insider Transactions at Playtika

In other news, Director Dana Rebecca Gross sold 15,262 shares of the stock in a transaction on Friday, December 9th. The shares were sold at an average price of $8.58, for a total transaction of $130,947.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Prelude Capital Management LLC increased its holdings in Playtika by 9.7% in the 1st quarter. Prelude Capital Management LLC now owns 12,069 shares of the company’s stock valued at $233,000 after buying an additional 1,067 shares during the period. New York State Teachers Retirement System raised its position in Playtika by 13.6% in the second quarter. New York State Teachers Retirement System now owns 9,200 shares of the company’s stock worth $122,000 after purchasing an additional 1,100 shares in the last quarter. Sei Investments Co. lifted its stake in Playtika by 1.4% during the second quarter. Sei Investments Co. now owns 95,847 shares of the company’s stock worth $1,271,000 after purchasing an additional 1,348 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Playtika by 17.6% during the second quarter. Exchange Traded Concepts LLC now owns 9,110 shares of the company’s stock valued at $121,000 after purchasing an additional 1,365 shares in the last quarter. Finally, Capital Fund Management S.A. grew its stake in shares of Playtika by 4.5% in the 3rd quarter. Capital Fund Management S.A. now owns 43,479 shares of the company’s stock valued at $408,000 after purchasing an additional 1,861 shares during the period.

Playtika Company Profile

(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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