Playtika Holding Corp. (NASDAQ:PLTK) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 107,146 shares of the company’s stock after buying an additional 5,544 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Playtika were worth $934,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PLTK. Quent Capital LLC increased its stake in shares of Playtika by 109.1% during the fourth quarter. Quent Capital LLC now owns 3,092 shares of the company’s stock worth $27,000 after acquiring an additional 1,613 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Playtika in the third quarter valued at approximately $33,000. International Assets Investment Management LLC grew its holdings in Playtika by 772.0% during the fourth quarter. International Assets Investment Management LLC now owns 3,924 shares of the company’s stock worth $34,000 after acquiring an additional 3,474 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in Playtika in the third quarter worth $110,000. Finally, Dynamic Advisor Solutions LLC acquired a new stake in Playtika in the fourth quarter valued at $102,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Playtika Stock Performance

NASDAQ PLTK opened at $8.51 on Friday. Playtika Holding Corp. has a one year low of $6.25 and a one year high of $12.90. The company’s 50 day moving average price is $7.50 and its 200 day moving average price is $7.75. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.60 and a beta of 0.79.

Playtika (NASDAQ:PLTK) last posted its earnings results on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.07). Playtika had a net margin of 7.96% and a negative return on equity of 94.21%. The business had revenue of $637.90 million for the quarter, compared to analyst estimates of $630.26 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The business’s revenue was up 1.1% compared to the same quarter last year. Sell-side analysts forecast that Playtika Holding Corp. will post 0.67 EPS for the current fiscal year.

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend is Friday, June 21st. Playtika’s dividend payout ratio (DPR) is presently 72.73%.

Insiders Place Their Bets

In other news, insider Gili Brudno sold 67,250 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $8.72, for a total transaction of $586,420.00. Following the transaction, the insider now directly owns 201,750 shares of the company’s stock, valued at $1,759,260. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Morgan Stanley lowered their target price on Playtika from $10.00 to $7.50 and set an “equal weight” rating on the stock in a report on Tuesday, February 27th. Roth Mkm lifted their price objective on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. Stifel Nicolaus decreased their price target on shares of Playtika from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. The Goldman Sachs Group lowered their price target on shares of Playtika from $11.00 to $8.75 and set a “neutral” rating for the company in a report on Tuesday, February 27th. Finally, Robert W. Baird upped their price objective on shares of Playtika from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $10.30.

Playtika 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.