AXQ Capital LP Boosts Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

AXQ Capital LP increased its holdings in Playtika Holding Corp. (NASDAQ:PLTK) by 186.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,293 shares of the company’s stock after acquiring an additional 30,776 shares during the quarter. AXQ Capital LP’s holdings in Playtika were worth $328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of PLTK. KBC Group NV increased its stake in shares of Playtika by 19.3% in the 3rd quarter. KBC Group NV now owns 7,820 shares of the company’s stock worth $62,000 after acquiring an additional 1,266 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of Playtika by 23.2% in the 3rd quarter. Penserra Capital Management LLC now owns 142,564 shares of the company’s stock worth $1,129,000 after acquiring an additional 26,801 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of 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 stake in shares of Playtika by 1.2% in the 3rd quarter. FMR LLC now owns 1,339,801 shares of the company’s stock worth $10,611,000 after acquiring an additional 15,471 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of Playtika by 14.3% in the 3rd quarter. Captrust Financial Advisors now owns 21,474 shares of the company’s stock worth $170,000 after acquiring an additional 2,694 shares in the last quarter. 11.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PLTK. Baird R W lowered shares of Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Robert W. Baird restated a “neutral” rating and set a $6.00 price objective (down from $9.00) on shares of Playtika in a research note on Friday, February 28th. Citigroup reduced their price objective on shares of Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Macquarie reduced their price objective on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Finally, Wedbush restated an “outperform” rating and set a $11.50 price objective on shares of Playtika in a research note on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.32.

Playtika Stock Down 10.3 %

Shares of PLTK stock opened at $4.01 on Monday. The company has a 50 day moving average price of $6.39 and a 200-day moving average price of $7.27. Playtika Holding Corp. has a 52 week low of $3.97 and a 52 week high of $9.16. The firm has a market capitalization of $1.51 billion, a PE ratio of 6.91, a P/E/G ratio of 1.69 and a beta of 0.98.

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a $0.10 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.98%. Playtika’s dividend payout ratio is presently 90.91%.

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.