Playtika Holding Corp. (NASDAQ:PLTK) Shares Purchased by KBC Group NV

KBC Group NV raised its position in Playtika Holding Corp. (NASDAQ:PLTK) by 19.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,820 shares of the company’s stock after purchasing an additional 1,266 shares during the quarter. KBC Group NV’s holdings in Playtika were worth $62,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Playtika during the 2nd quarter valued at about $31,000. Versant Capital Management Inc purchased a new position in shares of Playtika in the second quarter valued at approximately $36,000. Acadian Asset Management LLC acquired a new position in shares of Playtika in the second quarter valued at approximately $43,000. Headlands Technologies LLC increased its stake in Playtika by 648.8% during the 2nd quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock worth $53,000 after buying an additional 5,794 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in Playtika in the 3rd quarter valued at approximately $62,000. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Playtika Stock Performance

Shares of PLTK stock opened at $8.53 on Friday. Playtika Holding Corp. has a 1 year low of $6.25 and a 1 year high of $9.23. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 2.22 and a beta of 0.85. The stock’s 50-day moving average is $7.93 and its two-hundred day moving average is $7.89.

Playtika (NASDAQ:PLTK) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $620.80 million for the quarter, compared to analyst estimates of $622.46 million. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.19 EPS. As a group, research analysts predict that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date is Friday, December 20th. Playtika’s dividend payout ratio is currently 68.97%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PLTK. Macquarie reiterated a “neutral” rating and issued a $7.00 price objective on shares of Playtika in a research note on Friday, November 8th. Wedbush reiterated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. Finally, Roth Mkm upped their target price on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Playtika has a consensus rating of “Hold” and a consensus price target of $9.00.

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.