KBC Group NV Raises Position in Playtika Holding Corp. (NASDAQ:PLTK)

KBC Group NV grew its position in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 166.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,808 shares of the company’s stock after buying an additional 12,988 shares during the quarter. KBC Group NV’s holdings in Playtika were worth $144,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in Playtika by 146.0% in the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after acquiring an additional 2,910 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Playtika by 148.7% in the fourth quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock worth $41,000 after purchasing an additional 3,496 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Playtika during the third quarter valued at $56,000. Capital Performance Advisors LLP purchased a new stake in shares of Playtika during the third quarter valued at $62,000. Finally, Kera Capital Partners Inc. bought a new stake in Playtika in the 4th quarter worth about $70,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Playtika Stock Down 0.4 %

Shares of NASDAQ:PLTK opened at $7.27 on Friday. The stock has a market capitalization of $2.71 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 1.70 and a beta of 0.92. The firm’s 50 day moving average price is $7.34 and its 200-day moving average price is $7.58. Playtika Holding Corp. has a twelve month low of $6.25 and a twelve month high of $9.15.

Playtika (NASDAQ:PLTK) last released its quarterly 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 during the quarter, compared to the consensus estimate of $622.46 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. Analysts expect that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal year.

Insider Transactions at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 291,508 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $8.17, for a total transaction of $2,381,620.36. Following the completion of the transaction, the insider now directly owns 201,000,143 shares in the company, valued at approximately $1,642,171,168.31. The trade was a 0.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 753,894 shares of company stock worth $6,239,985 in the last three months. Corporate insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

PLTK has been the topic of a number of recent analyst reports. Macquarie reaffirmed a “neutral” rating and set a $7.00 price target on shares of Playtika in a report on Friday, November 8th. Roth Mkm raised their target price on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Playtika presently has a consensus rating of “Hold” and an average price target 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.