State Street Corp Grows Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

State Street Corp raised its position in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 12.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,317,709 shares of the company’s stock after purchasing an additional 150,878 shares during the quarter. State Street Corp owned 0.35% of Playtika worth $10,564,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PLTK. AQR Capital Management LLC grew its position in shares of Playtika by 66.6% during 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 in the last quarter. Pacer Advisors Inc. boosted its stake in Playtika by 19.7% during the second quarter. Pacer Advisors Inc. now owns 9,420,312 shares of the company’s stock valued at $74,138,000 after buying an additional 1,552,606 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Playtika by 13.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock valued at $21,267,000 after buying an additional 326,890 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Playtika in the 3rd quarter worth approximately $1,473,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Playtika by 14.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,137,595 shares of the company’s stock worth $9,010,000 after acquiring an additional 142,112 shares in the last quarter. 11.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of Playtika stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $8.69, for a total transaction of $845,241.54. Following the completion of the sale, the insider now owns 202,968,069 shares of the company’s stock, valued at approximately $1,763,792,519.61. The trade was a 0.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 753,894 shares of company stock worth $6,239,985. 4.80% of the stock is owned by insiders.

Playtika Price Performance

Shares of PLTK opened at $6.72 on Friday. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 1.97 and a beta of 0.88. The company has a 50-day moving average of $8.00 and a 200 day moving average of $7.76. Playtika Holding Corp. has a 1-year low of $6.25 and a 1-year high of $9.15.

Playtika (NASDAQ:PLTK) last issued 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 business had revenue of $620.80 million during the quarter, compared to the consensus estimate of $622.46 million. During the same period last year, the firm earned $0.19 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities analysts anticipate that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal year.

Playtika Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 annualized dividend and a dividend yield of 5.95%. Playtika’s dividend payout ratio is presently 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.