Charles Schwab Investment Management Inc. Decreases Stock Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

Charles Schwab Investment Management Inc. lowered its position in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 10.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 295,525 shares of the company’s stock after selling 34,205 shares during the period. Charles Schwab Investment Management Inc. owned about 0.08% of Playtika worth $2,051,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PLTK. GAMMA Investing LLC boosted its holdings in shares of Playtika by 146.0% during the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock worth $34,000 after purchasing an additional 2,910 shares during the period. Versant Capital Management Inc raised its position in Playtika by 148.7% during the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock valued at $41,000 after purchasing an additional 3,496 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Playtika in the 3rd quarter worth approximately $56,000. R Squared Ltd bought a new stake in shares of Playtika in the 4th quarter worth approximately $57,000. Finally, Kera Capital Partners Inc. purchased a new position in shares of Playtika during the fourth quarter valued at approximately $70,000. Institutional investors own 11.94% of the company’s stock.

Playtika Stock Performance

Shares of NASDAQ PLTK opened at $5.20 on Friday. Playtika Holding Corp. has a fifty-two week low of $3.97 and a fifty-two week high of $9.16. The company has a market cap of $1.95 billion, a PE ratio of 8.97, a P/E/G ratio of 1.69 and a beta of 0.98. The business has a 50-day simple moving average of $6.18 and a two-hundred day simple moving average of $7.19.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date is Friday, March 21st. Playtika’s dividend payout ratio is presently 90.91%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PLTK. Robert W. Baird reiterated a “neutral” rating and issued a $6.00 price target (down from $9.00) on shares of Playtika in a research note on Friday, February 28th. Bank of America raised shares of Playtika from an “underperform” rating to a “buy” rating and upped their target price for the stock from $6.00 to $6.50 in a report on Wednesday. Baird R W lowered Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Citigroup lowered their price target on Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $11.50 price target on shares of Playtika in a report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.09.

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.