Allspring Global Investments Holdings LLC Purchases 663,700 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Allspring Global Investments Holdings LLC boosted its position in Playtika Holding Corp. (NASDAQ:PLTK) by 23,814.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 666,487 shares of the company’s stock after buying an additional 663,700 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.18% of Playtika worth $4,592,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PLTK. Summit Trail Advisors LLC lifted its stake in shares of Playtika by 45.8% in the 4th quarter. Summit Trail Advisors LLC now owns 40,653 shares of the company’s stock valued at $288,000 after purchasing an additional 12,763 shares during the period. Entropy Technologies LP acquired a new position in Playtika in the fourth quarter valued at approximately $84,000. Wilmington Savings Fund Society FSB bought a new position in shares of Playtika during the 4th quarter worth approximately $187,000. Choreo LLC grew its position in shares of Playtika by 14.9% during the 4th quarter. Choreo LLC now owns 12,485 shares of the company’s stock worth $90,000 after buying an additional 1,619 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Playtika in the 4th quarter valued at $57,000. Institutional investors own 11.94% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on PLTK shares. Macquarie reissued a “neutral” rating and set a $7.00 target price on shares of Playtika in a research note on Friday, November 8th. Roth Mkm increased their price objective on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Playtika presently has a consensus rating of “Hold” and a consensus price target of $9.25.

Playtika Price Performance

Shares of NASDAQ PLTK opened at $7.14 on Friday. The company has a 50-day moving average price of $7.12 and a 200-day moving average price of $7.56. The stock has a market capitalization of $2.66 billion, a P/E ratio of 12.31, a P/E/G ratio of 1.75 and a beta of 0.92. Playtika Holding Corp. has a 1 year low of $6.25 and a 1 year high of $9.15.

Insider Buying and Selling at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the firm’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 in the company, valued at approximately $1,512,182,136.40. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 680,573 shares of company stock worth $5,613,090. Insiders own 4.80% of the company’s stock.

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.