Barclays PLC Purchases 7,480 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Barclays PLC boosted its position in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 4.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 163,138 shares of the company’s stock after purchasing an additional 7,480 shares during the quarter. Barclays PLC’s holdings in Playtika were worth $1,291,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new position in Playtika during the second quarter worth about $43,000. Headlands Technologies LLC raised its position in shares of Playtika by 648.8% during the second quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock worth $53,000 after purchasing an additional 5,794 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Playtika during the third quarter worth about $62,000. KBC Group NV lifted its holdings in shares of Playtika by 19.3% during the 3rd quarter. KBC Group NV now owns 7,820 shares of the company’s stock valued at $62,000 after purchasing an additional 1,266 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of Playtika in the 3rd quarter valued at approximately $81,000. Institutional investors own 11.94% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on PLTK. Wedbush reiterated an “outperform” rating and issued a $11.50 price target on shares of Playtika in a report on Thursday, September 19th. Roth Mkm upped their target price 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 target on shares of Playtika in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9.00.

Insider Transactions at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 291,508 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $8.17, for a total value of $2,381,620.36. Following the completion of the sale, the insider now directly owns 201,000,143 shares in the company, valued at $1,642,171,168.31. This trade represents a 0.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 753,894 shares of company stock worth $6,239,985 over the last three months. 4.80% of the stock is owned by company insiders.

Playtika Trading Up 0.7 %

Shares of NASDAQ:PLTK opened at $6.77 on Friday. The stock has a market capitalization of $2.52 billion, a PE ratio of 11.67, a PEG ratio of 1.97 and a beta of 0.88. The firm has a 50 day moving average of $7.98 and a 200-day moving average of $7.74. Playtika Holding Corp. has a 12 month low of $6.25 and a 12 month high of $9.15.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings results 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). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. 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 posted $0.19 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts predict that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 5.91%. The ex-dividend date is Friday, December 20th. Playtika’s 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.