Fmr LLC Buys 15,471 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Fmr LLC increased its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 1.2% during the third quarter, HoldingsChannel reports. The fund owned 1,339,801 shares of the company’s stock after buying an additional 15,471 shares during the period. Fmr LLC’s holdings in Playtika were worth $10,611,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in shares of Playtika by 13.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock worth $21,267,000 after acquiring an additional 326,890 shares in the last quarter. Penserra Capital Management LLC grew its position in Playtika by 23.2% in the third quarter. Penserra Capital Management LLC now owns 142,564 shares of the company’s stock valued at $1,129,000 after purchasing an additional 26,801 shares in the last quarter. Pacer Advisors Inc. increased its stake in Playtika by 8.8% in the 3rd quarter. Pacer Advisors Inc. now owns 10,249,684 shares of the company’s stock valued at $81,177,000 after buying an additional 829,372 shares during the last quarter. Banque Cantonale Vaudoise lifted its position in Playtika by 142.9% during the 3rd quarter. Banque Cantonale Vaudoise now owns 29,875 shares of the company’s stock worth $237,000 after buying an additional 17,574 shares in the last quarter. Finally, Quest Partners LLC boosted its stake in shares of Playtika by 705.5% during the 3rd quarter. Quest Partners LLC now owns 161,249 shares of the company’s stock worth $1,277,000 after buying an additional 141,231 shares during the last quarter. 11.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 124,490 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $8.44, for a total value of $1,050,695.60. Following the completion of the sale, the insider now owns 202,673,467 shares of the company’s stock, valued at approximately $1,710,564,061.48. The trade was a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 386,463 shares of company stock valued at $3,285,905 in the last three months. 4.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PLTK. Macquarie restated a “neutral” rating and issued a $7.00 price objective on shares of Playtika in a report on Friday, November 8th. Roth Mkm raised their price target on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Wedbush reiterated an “outperform” rating and set a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.00.

Playtika Price Performance

PLTK opened at $8.27 on Thursday. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 2.21 and a beta of 0.87. Playtika Holding Corp. has a 12-month low of $6.25 and a 12-month high of $9.23. The business has a 50 day moving average of $8.08 and a 200-day moving average of $7.87.

Playtika (NASDAQ:PLTK) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The company had revenue of $620.80 million for the quarter, compared to the consensus estimate of $622.46 million. During the same period last year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, analysts expect that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a yield of 4.84%. Playtika’s dividend payout ratio (DPR) is currently 68.97%.

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.