GAMMA Investing LLC grew its position in Playtika Holding Corp. (NASDAQ:PLTK – Free Report) by 146.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,903 shares of the company’s stock after buying an additional 2,910 shares during the quarter. GAMMA Investing LLC’s holdings in Playtika were worth $34,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in PLTK. State Street Corp lifted its holdings in Playtika by 12.9% in the 3rd quarter. State Street Corp now owns 1,317,709 shares of the company’s stock valued at $10,564,000 after purchasing an additional 150,878 shares in the last quarter. CWM LLC raised its position in shares of Playtika by 65.1% in the third quarter. CWM LLC now owns 85,971 shares of the company’s stock valued at $681,000 after buying an additional 33,902 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of Playtika by 14.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,137,595 shares of the company’s stock worth $9,010,000 after buying an additional 142,112 shares in the last quarter. Sanctuary Advisors LLC boosted its position in Playtika by 43.6% during the third quarter. Sanctuary Advisors LLC now owns 31,809 shares of the company’s stock worth $271,000 after acquiring an additional 9,658 shares during the last quarter. Finally, Quest Partners LLC grew its stake in Playtika by 705.5% during the 3rd quarter. Quest Partners LLC now owns 161,249 shares of the company’s stock valued at $1,277,000 after acquiring an additional 141,231 shares in the last quarter. Hedge funds and other institutional investors own 11.94% of the company’s stock.
Playtika Trading Down 0.3 %
Shares of PLTK stock opened at $6.86 on Wednesday. Playtika Holding Corp. has a 12-month low of $6.25 and a 12-month high of $9.15. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92. The stock has a 50 day simple moving average of $7.78 and a 200-day simple moving average of $7.63.
Playtika Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date was Friday, December 20th. Playtika’s dividend payout ratio is presently 68.97%.
Insider Activity at Playtika
In related news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $7.54, for a total value of $572,459.42. Following the transaction, the insider now directly owns 200,554,660 shares of the company’s stock, valued at approximately $1,512,182,136.40. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 753,894 shares of company stock valued at $6,239,985. 4.80% of the stock is owned by insiders.
Analyst Ratings Changes
Several equities research analysts recently commented on PLTK shares. Macquarie reaffirmed a “neutral” rating and issued a $7.00 price target on shares of Playtika in a report on Friday, November 8th. Wedbush reaffirmed an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research note on Thursday, September 19th. Finally, Roth Mkm lifted their price target on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.00.
Check Out Our Latest Analysis on PLTK
About Playtika
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.
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