Proficio Capital Partners LLC Makes New $201,000 Investment in Playtika Holding Corp. (NASDAQ:PLTK)

Proficio Capital Partners LLC acquired a new stake in Playtika Holding Corp. (NASDAQ:PLTK) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 28,988 shares of the company’s stock, valued at approximately $201,000.

Other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in Playtika by 13.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock worth $21,267,000 after acquiring an additional 326,890 shares in the last quarter. FMR LLC increased its position in shares of Playtika by 1.2% during the third quarter. FMR LLC now owns 1,339,801 shares of the company’s stock worth $10,611,000 after purchasing an additional 15,471 shares in the last quarter. Captrust Financial Advisors raised its stake in Playtika by 14.3% in the 3rd quarter. Captrust Financial Advisors now owns 21,474 shares of the company’s stock valued at $170,000 after purchasing an additional 2,694 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Playtika in the 3rd quarter valued at $1,473,000. Finally, Paloma Partners Management Co boosted its stake in Playtika by 107.6% during the 3rd quarter. Paloma Partners Management Co now owns 32,720 shares of the company’s stock worth $259,000 after purchasing an additional 16,962 shares during the last quarter. 11.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PLTK. Bank of America raised shares of Playtika from an “underperform” rating to a “buy” rating and raised their price target for the stock from $6.00 to $6.50 in a research note on Wednesday. Wedbush reissued an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research note on Wednesday, February 26th. Macquarie cut their price target on Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, February 28th. Citigroup lowered their price objective on Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Baird R W downgraded Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Playtika presently has a consensus rating of “Hold” and a consensus target price of $8.09.

Playtika Stock Down 1.9 %

Shares of Playtika stock opened at $5.20 on Friday. The business’s fifty day simple moving average is $6.22 and its 200-day simple moving average is $7.20. The firm has a market cap of $1.95 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. Playtika Holding Corp. has a 52 week low of $3.97 and a 52 week high of $9.16.

Playtika Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 7.69%. The ex-dividend date of this dividend is Friday, March 21st. Playtika’s dividend payout ratio (DPR) is presently 90.91%.

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.