Prudential Financial Inc. Boosts Stake in Playtika Holding Corp. (NASDAQ:PLTK)

Prudential Financial Inc. increased its position in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 11.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 234,401 shares of the company’s stock after buying an additional 24,800 shares during the quarter. Prudential Financial Inc. owned about 0.06% of Playtika worth $1,627,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Choreo LLC increased its holdings in shares of Playtika by 14.9% in the 4th quarter. Choreo LLC now owns 12,485 shares of the company’s stock valued at $90,000 after acquiring an additional 1,619 shares during the period. Captrust Financial Advisors increased its stake in Playtika by 14.3% in the third 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 period. GAMMA Investing LLC raised its holdings in shares of Playtika by 146.0% in 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 during the last quarter. Monument Capital Management boosted its stake in shares of Playtika by 34.4% during 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 period. Finally, Versant Capital Management Inc grew its holdings in shares of Playtika by 148.7% during the fourth quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock worth $41,000 after buying an additional 3,496 shares during the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PLTK shares. Robert W. Baird reaffirmed a “neutral” rating and set a $6.00 price objective (down from $9.00) on shares of Playtika in a research report on Friday, February 28th. Wedbush reaffirmed an “outperform” rating and set a $11.50 price target on shares of Playtika in a report on Wednesday, February 26th. Macquarie dropped their price objective on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, February 28th. Bank of America upgraded shares of Playtika from an “underperform” rating to a “buy” rating and raised their target price for the stock from $6.00 to $6.50 in a research note on Wednesday, March 26th. Finally, 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.09.

Playtika Price Performance

Shares of NASDAQ:PLTK opened at $4.84 on Friday. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. The business’s 50 day simple moving average is $5.99 and its 200-day simple moving average is $7.10. Playtika Holding Corp. has a 12 month low of $3.97 and a 12 month high of $9.16.

Playtika Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.40 dividend on an annualized basis and a yield of 8.26%. Playtika’s payout ratio is 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.