JPMorgan Chase & Co. Has $635,000 Stock Position in Playtika Holding Corp. (NASDAQ:PLTK)

JPMorgan Chase & Co. grew its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 102.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,150 shares of the company’s stock after purchasing an additional 40,604 shares during the quarter. JPMorgan Chase & Co.’s holdings in Playtika were worth $635,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. KBC Group NV boosted its stake in shares of Playtika by 19.3% during the 3rd quarter. KBC Group NV now owns 7,820 shares of the company’s stock worth $62,000 after acquiring an additional 1,266 shares during the period. Captrust Financial Advisors boosted its stake in shares of Playtika by 14.3% during the 3rd quarter. Captrust Financial Advisors now owns 21,474 shares of the company’s stock worth $170,000 after acquiring an additional 2,694 shares during the period. SG Americas Securities LLC boosted its stake in shares of Playtika by 3.3% during the 3rd quarter. SG Americas Securities LLC now owns 99,306 shares of the company’s stock worth $787,000 after acquiring an additional 3,206 shares during the period. Neo Ivy Capital Management bought a new position in shares of Playtika during the 3rd quarter worth approximately $56,000. Finally, Barclays PLC boosted its stake in shares of Playtika by 4.8% during the 3rd quarter. Barclays PLC now owns 163,138 shares of the company’s stock worth $1,291,000 after acquiring an additional 7,480 shares during the period. Institutional investors and hedge funds own 11.94% of the company’s stock.

Insider Transactions at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $7.54, for a total value of $572,459.42. Following the completion of the transaction, the insider now owns 200,554,660 shares of the company’s stock, valued at $1,512,182,136.40. This represents a 0.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 753,894 shares of company stock valued at $6,239,985. Corporate insiders own 4.80% of the company’s stock.

Playtika Price Performance

Shares of NASDAQ PLTK opened at $7.18 on Tuesday. The stock has a market capitalization of $2.68 billion, a PE ratio of 12.38, a P/E/G ratio of 1.74 and a beta of 0.92. The business has a fifty day moving average price of $7.53 and a two-hundred day moving average price of $7.61. Playtika Holding Corp. has a fifty-two week low of $6.25 and a fifty-two week high of $9.15.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $622.46 million. During the same period last year, the firm posted $0.19 EPS. Playtika’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities analysts expect that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.57%. Playtika’s dividend payout ratio (DPR) is currently 68.97%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PLTK. Macquarie restated a “neutral” rating and issued a $7.00 price target on shares of Playtika in a research note on Friday, November 8th. Roth Mkm boosted their price target on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.25.

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.