Playtika Holding Corp. (NASDAQ:PLTK) Given Average Recommendation of “Hold” by Brokerages

Playtika Holding Corp. (NASDAQ:PLTK) has earned an average rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $9.00.

A number of analysts recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. Roth Mkm raised their price target on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Macquarie reissued a “neutral” rating and issued a $7.00 price objective on shares of Playtika in a research report on Friday, November 8th.

Playtika Trading Up 0.6 %

NASDAQ:PLTK opened at $8.61 on Tuesday. Playtika has a twelve month low of $6.25 and a twelve month high of $9.23. The company has a market capitalization of $3.21 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. The firm has a 50-day moving average price of $8.06 and a two-hundred day moving average price of $7.87.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The company had revenue of $620.80 million for the quarter, compared to analyst estimates of $622.46 million. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 earnings per share. On average, equities research analysts predict that Playtika will post 0.65 earnings per share for the current year.

Playtika Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a $0.10 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.65%. Playtika’s dividend payout ratio (DPR) is presently 68.97%.

Insider Transactions 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 stock was sold at an average price of $8.44, for a total transaction of $1,050,695.60. Following the completion of the sale, the insider now owns 202,673,467 shares in the company, valued at approximately $1,710,564,061.48. The trade was a 0.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 386,463 shares of company stock worth $3,285,905 in the last ninety days. Insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Pacer Advisors Inc. raised its stake in shares of 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 acquiring an additional 829,372 shares during the period. AQR Capital Management LLC raised its position in Playtika by 66.6% in the second quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company’s stock valued at $61,672,000 after purchasing an additional 3,132,272 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Playtika by 13.9% during the third quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock worth $21,267,000 after purchasing an additional 326,890 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Playtika by 1.6% in the second quarter. Renaissance Technologies LLC now owns 2,106,345 shares of the company’s stock worth $16,577,000 after buying an additional 32,802 shares during the period. Finally, FMR LLC grew its stake in shares of Playtika by 1.2% in the third quarter. FMR LLC now owns 1,339,801 shares of the company’s stock valued at $10,611,000 after buying an additional 15,471 shares in the last quarter. Hedge funds and other institutional investors own 11.94% of the company’s stock.

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.