Playtika Holding Corp. (NASDAQ:PLTK) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 17.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,136 shares of the company’s stock after selling 5,673 shares during the quarter. Sanctuary Advisors LLC’s holdings in Playtika were worth $193,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PLTK. State Street Corp boosted its holdings in shares of Playtika by 12.9% during the third quarter. State Street Corp now owns 1,317,709 shares of the company’s stock valued at $10,564,000 after acquiring an additional 150,878 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Playtika by 23,814.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company’s stock valued at $4,592,000 after purchasing an additional 663,700 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Playtika by 14.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,137,595 shares of the company’s stock valued at $9,010,000 after purchasing an additional 142,112 shares during the period. JPMorgan Chase & Co. grew its position in Playtika by 102.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 80,150 shares of the company’s stock worth $635,000 after purchasing an additional 40,604 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Playtika by 76.2% in the fourth quarter. SG Americas Securities LLC now owns 175,008 shares of the company’s stock valued at $1,215,000 after purchasing an additional 75,702 shares during the period. 11.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on PLTK. Roth Mkm raised their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Robert W. Baird reissued a “neutral” rating and issued a $6.00 price target (down previously from $9.00) on shares of Playtika in a research note on Friday, February 28th. Wedbush restated an “outperform” rating and set a $11.50 price objective on shares of Playtika in a research note on Wednesday, February 26th. Macquarie decreased their target price on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, February 28th. Finally, Baird R W cut shares of Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Playtika presently has an average rating of “Hold” and a consensus target price of $8.21.

Playtika Stock Down 1.6 %

Shares of Playtika stock opened at $5.06 on Thursday. The business has a fifty day simple moving average of $6.92 and a 200-day simple moving average of $7.51. Playtika Holding Corp. has a fifty-two week low of $4.96 and a fifty-two week high of $9.15. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.10 per share. The ex-dividend date is Friday, March 21st. This represents a $0.40 annualized dividend and a dividend yield of 7.91%. Playtika’s dividend payout ratio (DPR) is 90.91%.

Insider Transactions at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the 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 completion of the sale, the insider now owns 200,554,660 shares in the company, valued at approximately $1,512,182,136.40. This 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 this hyperlink. Corporate 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.