Treasurer of the State of North Carolina Sells 43,542 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Treasurer of the State of North Carolina cut its holdings in Playtika Holding Corp. (NASDAQ:PLTK – Get Rating) by 47.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,633 shares of the company’s stock after selling 43,542 shares during the period. Treasurer of the State of North Carolina’s holdings in Playtika were worth $414,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. increased its position in shares of Playtika by 1,904.6% during the 1st quarter. JPMorgan Chase & Co. now owns 101,392 shares of the company’s stock valued at $1,960,000 after purchasing an additional 96,334 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Playtika by 5.8% during the first quarter. Bank of New York Mellon Corp now owns 284,849 shares of the company’s stock worth $5,506,000 after buying an additional 15,630 shares during the last quarter. MetLife Investment Management LLC purchased a new position in Playtika in the first quarter valued at about $130,000. Dimensional Fund Advisors LP boosted its stake in Playtika by 624.8% in the first quarter. Dimensional Fund Advisors LP now owns 204,346 shares of the company’s stock valued at $3,950,000 after acquiring an additional 176,152 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its stake in shares of Playtika by 6.9% during the 1st quarter. Vontobel Holding Ltd. now owns 68,712 shares of the company’s stock worth $1,335,000 after purchasing an additional 4,415 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Roth Capital reiterated a “neutral” rating on shares of Playtika in a research note on Tuesday, February 28th. The Goldman Sachs Group initiated coverage on Playtika in a report on Wednesday, March 29th. They issued a “neutral” rating for the company. Credit Suisse Group upped their price objective on shares of Playtika from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, March 1st. DA Davidson lowered shares of Playtika from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a research report on Friday, January 27th. Finally, Robert W. Baird lowered their price target on shares of Playtika from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.73.

Insider Activity at Playtika

In other Playtika news, major shareholder On Chau sold 200,000 shares of the stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $10.94, for a total transaction of $2,188,000.00. Following the transaction, the insider now directly owns 81,110,506 shares in the company, valued at $887,348,935.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 79,810,506 shares of company stock valued at $635,919,313. Corporate insiders own 3.60% of the company’s stock.

Playtika Price Performance

Shares of Playtika stock opened at $10.44 on Monday. The company has a 50 day simple moving average of $10.78 and a two-hundred day simple moving average of $9.91. The firm has a market cap of $3.82 billion, a PE ratio of 14.30, a PEG ratio of 0.93 and a beta of 0.72. Playtika Holding Corp. has a 1 year low of $7.81 and a 1 year high of $15.61.

Playtika (NASDAQ:PLTK – Get Rating) last announced its earnings results on Thursday, May 4th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. Playtika had a net margin of 10.64% and a negative return on equity of 84.87%. The company had revenue of $656.20 million during the quarter, compared to analyst estimates of $646.46 million. During the same period in the previous year, the business earned $0.20 earnings per share. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, research analysts anticipate that Playtika Holding Corp. will post 0.87 earnings per share for the current year.

Playtika Company Profile

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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.