Proficio Capital Partners LLC Buys Shares of 28,988 Playtika Holding Corp. (NASDAQ:PLTK)

Proficio Capital Partners LLC bought a new position in Playtika Holding Corp. (NASDAQ:PLTK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 28,988 shares of the company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also modified their holdings of PLTK. Bank of New York Mellon Corp boosted its position in Playtika by 128.3% during the 4th quarter. Bank of New York Mellon Corp now owns 360,086 shares of the company’s stock worth $2,499,000 after acquiring an additional 202,391 shares during the period. Ieq Capital LLC boosted its holdings in shares of Playtika by 36.0% during the fourth quarter. Ieq Capital LLC now owns 33,255 shares of the company’s stock worth $231,000 after purchasing an additional 8,810 shares during the period. Venturi Wealth Management LLC grew its position in Playtika by 449.4% during the fourth quarter. Venturi Wealth Management LLC now owns 14,400 shares of the company’s stock valued at $100,000 after purchasing an additional 11,779 shares in the last quarter. Monument Capital Management increased its stake in Playtika by 34.4% in the 4th quarter. Monument Capital Management now owns 13,523 shares of the company’s stock valued at $94,000 after buying an additional 3,459 shares during the period. Finally, 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 worth $4,592,000 after buying an additional 663,700 shares in the last quarter. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Insider Activity at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the stock in a transaction that occurred 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 $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 through this link. 4.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Citigroup dropped their price target on shares of Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Baird R W lowered Playtika from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th. Macquarie cut their price target on Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. 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. Finally, Wedbush reaffirmed an “outperform” rating and set a $11.50 price objective on shares of Playtika in a research report on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Playtika currently has an average rating of “Hold” and an average target price of $8.32.

Playtika Stock Performance

Shares of NASDAQ PLTK opened at $4.80 on Thursday. The business’s 50-day simple moving average is $6.73 and its 200-day simple moving average is $7.42. Playtika Holding Corp. has a 52 week low of $4.67 and a 52 week high of $9.16. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 8.28, a P/E/G ratio of 1.69 and a beta of 0.98.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 8.33%. The ex-dividend date of this dividend is Friday, March 21st. Playtika’s dividend payout ratio is currently 90.91%.

About Playtika

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.