Macquarie Lowers Playtika (NASDAQ:PLTK) Price Target to $6.00

Playtika (NASDAQ:PLTK) had its price objective reduced by stock analysts at Macquarie from $7.00 to $6.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Macquarie’s price target would indicate a potential upside of 13.64% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Robert W. Baird reissued a “neutral” rating and issued a $6.00 price target (down from $9.00) on shares of Playtika in a report on Friday. Wedbush reaffirmed an “outperform” rating and set a $11.50 price objective on shares of Playtika in a report on Wednesday. Finally, Roth Mkm upped their price objective on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Playtika presently has an average rating of “Hold” and a consensus target price of $8.21.

Playtika Trading Down 7.4 %

NASDAQ PLTK opened at $5.28 on Friday. The stock’s 50 day moving average is $7.02 and its 200 day moving average is $7.55. Playtika has a 12 month low of $5.22 and a 12 month high of $9.15. The stock has a market cap of $1.97 billion, a PE ratio of 9.10, a P/E/G ratio of 1.69 and a beta of 0.92.

Insider Buying and Selling at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 291,508 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $8.17, for a total value of $2,381,620.36. Following the transaction, the insider now owns 201,000,143 shares of the company’s stock, valued at $1,642,171,168.31. This represents a 0.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 491,921 shares of company stock valued at $4,004,775 in the last quarter. 4.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Playtika

Hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in shares of Playtika by 692.0% during the 3rd quarter. International Assets Investment Management LLC now owns 11,484 shares of the company’s stock worth $91,000 after purchasing an additional 10,034 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Playtika by 170.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 53,530 shares of the company’s stock valued at $424,000 after buying an additional 33,711 shares during the last quarter. Pallas Capital Advisors LLC raised its stake in Playtika by 41.2% in the third quarter. Pallas Capital Advisors LLC now owns 47,249 shares of the company’s stock valued at $359,000 after buying an additional 13,787 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Playtika in the third quarter valued at about $62,000. Finally, MQS Management LLC purchased a new stake in Playtika in the third quarter valued at about $135,000. Institutional investors own 11.94% of the company’s stock.

About Playtika

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.