GAMMA Investing LLC Purchases 2,910 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

GAMMA Investing LLC lifted its position in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 146.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,903 shares of the company’s stock after purchasing an additional 2,910 shares during the period. GAMMA Investing LLC’s holdings in Playtika were worth $34,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc lifted its stake in shares of Playtika by 148.7% in the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock valued at $41,000 after purchasing an additional 3,496 shares during the period. Acadian Asset Management LLC bought a new position in Playtika in the second quarter worth $43,000. Headlands Technologies LLC lifted its position in Playtika by 648.8% during the second quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock valued at $53,000 after buying an additional 5,794 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Playtika during the 3rd quarter valued at $56,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Playtika in the 3rd quarter worth about $62,000. 11.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $7.54, for a total transaction 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 represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 753,894 shares of company stock worth $6,239,985 over the last 90 days. Company insiders own 4.80% of the company’s stock.

Analysts Set New Price Targets

PLTK has been the topic of a number of recent research reports. Wedbush restated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a report on Thursday, September 19th. Roth Mkm upped their price target on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Macquarie reiterated a “neutral” rating and set a $7.00 price objective on shares of Playtika in a research note on Friday, November 8th. One 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.00.

Playtika Stock Performance

Shares of PLTK stock opened at $6.86 on Wednesday. The stock has a 50 day moving average price of $7.78 and a 200 day moving average price of $7.63. The firm has a market capitalization of $2.56 billion, a P/E ratio of 11.83, a P/E/G ratio of 1.97 and a beta of 0.92. Playtika Holding Corp. has a 52-week low of $6.25 and a 52-week high of $9.15.

Playtika (NASDAQ:PLTK) last released its earnings results on Thursday, November 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $622.46 million. During the same quarter last year, the business posted $0.19 earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were paid a $0.10 dividend. 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 (DPR) is 68.97%.

Playtika 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.