ARK Investment Management LLC Has $1.67 Million Stake in Playtika Holding Corp. (NASDAQ:PLTK)

ARK Investment Management LLC cut its holdings in Playtika Holding Corp. (NASDAQ:PLTK) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 240,303 shares of the company’s stock after selling 14,368 shares during the period. ARK Investment Management LLC owned about 0.06% of Playtika worth $1,668,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. increased its stake in Playtika by 8.8% in the 3rd quarter. Pacer Advisors Inc. now owns 10,249,684 shares of the company’s stock valued at $81,177,000 after buying an additional 829,372 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Playtika by 13.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock worth $21,267,000 after buying an additional 326,890 shares during the period. FMR LLC boosted its holdings in Playtika by 1.2% in the 3rd quarter. FMR LLC now owns 1,339,801 shares of the company’s stock valued at $10,611,000 after purchasing an additional 15,471 shares during the period. State Street Corp grew its position in Playtika by 12.9% during the third quarter. State Street Corp now owns 1,317,709 shares of the company’s stock worth $10,564,000 after buying an additional 150,878 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Playtika by 14.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,137,595 shares of the company’s stock valued at $9,010,000 after purchasing an additional 142,112 shares in the last quarter. Institutional investors own 11.94% of the company’s stock.

Analysts Set New Price Targets

PLTK has been the subject of several research reports. Wedbush restated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research report on Wednesday. Macquarie reiterated a “neutral” rating and set a $7.00 target price on shares of Playtika in a research report on Friday, November 8th. Finally, Roth Mkm upped their target price on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Playtika presently has an average rating of “Hold” and an average price target of $9.00.

Playtika Trading Up 0.3 %

PLTK opened at $6.85 on Thursday. The company has a market cap of $2.55 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.69 and a beta of 0.92. Playtika Holding Corp. has a 12 month low of $6.25 and a 12 month high of $9.15. The business’s 50-day moving average price is $7.08 and its 200-day moving average price is $7.56.

Insider Buying and Selling

In other news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of Playtika stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $7.54, for a total transaction of $572,459.42. Following the sale, the insider now owns 200,554,660 shares of the company’s stock, valued at approximately $1,512,182,136.40. The trade was a 0.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 491,921 shares of company stock valued at $4,004,775 over the last three months. 4.80% of the stock is owned by company insiders.

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.