Playtika Holding Corp. (NASDAQ:PLTK) Receives Average Rating of “Hold” from Analysts

Playtika Holding Corp. (NASDAQ:PLTK) has been given an average rating of “Hold” by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $8.21.

Several equities analysts have recently weighed in on PLTK shares. Robert W. Baird restated a “neutral” rating and issued a $6.00 target price (down previously from $9.00) on shares of Playtika in a research report on Friday, February 28th. Macquarie decreased their target price on Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, February 28th. Wedbush restated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research report on Wednesday, February 26th. Roth Mkm raised their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Baird R W downgraded Playtika from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th.

Insider Buying and Selling

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $7.54, for a total transaction of $572,459.42. Following the completion of the sale, the insider now owns 200,554,660 shares of the company’s stock, valued at $1,512,182,136.40. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Playtika

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KBC Group NV increased its stake in Playtika by 19.3% during the third quarter. KBC Group NV now owns 7,820 shares of the company’s stock worth $62,000 after acquiring an additional 1,266 shares during the last quarter. Covestor Ltd grew its stake in shares of Playtika by 11.4% in the fourth quarter. Covestor Ltd now owns 14,103 shares of the company’s stock valued at $98,000 after buying an additional 1,447 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Playtika by 57.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock valued at $29,000 after buying an additional 1,534 shares in the last quarter. Choreo LLC grew its stake in shares of Playtika by 14.9% in the fourth quarter. Choreo LLC now owns 12,485 shares of the company’s stock valued at $90,000 after buying an additional 1,619 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Playtika by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company’s stock valued at $3,726,000 after buying an additional 1,639 shares in the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Trading Up 1.0 %

Shares of PLTK stock opened at $5.14 on Wednesday. The company has a market capitalization of $1.92 billion, a P/E ratio of 8.86, a P/E/G ratio of 1.69 and a beta of 0.92. The business’s 50 day moving average is $6.96 and its two-hundred day moving average is $7.53. Playtika has a 12-month low of $4.96 and a 12-month high of $9.15.

Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.40 dividend on an annualized basis and a yield of 7.78%. Playtika’s payout ratio is 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.