Bank of New York Mellon Corp Has $2.50 Million Stake in Playtika Holding Corp. (NASDAQ:PLTK)

Bank of New York Mellon Corp increased its position in Playtika Holding Corp. (NASDAQ:PLTK) by 128.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 360,086 shares of the company’s stock after buying an additional 202,391 shares during the period. Bank of New York Mellon Corp owned 0.10% of Playtika worth $2,499,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTK. KBC Group NV increased 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 purchasing an additional 1,266 shares during the last quarter. Choreo LLC boosted its holdings in Playtika by 14.9% in the fourth quarter. Choreo LLC now owns 12,485 shares of the company’s stock worth $90,000 after purchasing an additional 1,619 shares in the last quarter. Captrust Financial Advisors increased its position in Playtika by 14.3% during the third quarter. Captrust Financial Advisors now owns 21,474 shares of the company’s stock worth $170,000 after buying an additional 2,694 shares during the last quarter. GAMMA Investing LLC raised its holdings in Playtika by 146.0% during the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after buying an additional 2,910 shares in the last quarter. Finally, Monument Capital Management lifted its position in shares of Playtika by 34.4% in the fourth quarter. Monument Capital Management now owns 13,523 shares of the company’s stock worth $94,000 after buying an additional 3,459 shares during the last quarter. Institutional investors own 11.94% of the company’s stock.

Playtika Trading Down 2.0 %

Shares of PLTK stock opened at $4.47 on Friday. The firm has a market capitalization of $1.68 billion, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. Playtika Holding Corp. has a 1 year low of $4.43 and a 1 year high of $9.16. The firm’s fifty day simple moving average is $6.44 and its 200 day simple moving average is $7.30.

Playtika Announces Dividend

The business 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.95%. The ex-dividend date is Friday, March 21st. Playtika’s dividend payout ratio is currently 90.91%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Citigroup lowered their price objective on Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Robert W. Baird reiterated a “neutral” rating and set a $6.00 price target (down previously from $9.00) on shares of Playtika in a report on Friday, February 28th. Baird R W cut shares of Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Wedbush reiterated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research note on Wednesday, February 26th. Finally, Macquarie cut 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. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8.32.

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.