ExodusPoint Capital Management LP Invests $601,000 in Playtika Holding Corp. (NASDAQ:PLTK)

ExodusPoint Capital Management LP purchased a new stake in Playtika Holding Corp. (NASDAQ:PLTK) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 86,544 shares of the company’s stock, valued at approximately $601,000.

A number of other large investors also recently bought and sold shares of PLTK. GAMMA Investing LLC increased its holdings in shares of Playtika by 146.0% during the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after purchasing an additional 2,910 shares in the last quarter. Versant Capital Management Inc grew its position in Playtika by 148.7% during the fourth quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock valued at $41,000 after buying an additional 3,496 shares during the period. Neo Ivy Capital Management purchased a new position in Playtika in the third quarter valued at $56,000. R Squared Ltd acquired a new position in shares of Playtika in the fourth quarter worth about $57,000. Finally, Kera Capital Partners Inc. purchased a new stake in shares of Playtika during the 4th quarter worth about $70,000. 11.94% of the stock is owned by institutional investors and hedge funds.

Playtika Stock Up 0.4 %

Shares of NASDAQ PLTK opened at $4.97 on Friday. The firm has a 50-day simple moving average of $5.64 and a 200-day simple moving average of $6.96. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. Playtika Holding Corp. has a 52 week low of $3.97 and a 52 week high of $9.16.

Playtika Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 8.05%. The ex-dividend date of this dividend was Friday, March 21st. Playtika’s dividend payout ratio (DPR) is 90.91%.

Analyst Ratings Changes

A number of research firms recently weighed in on PLTK. Macquarie reduced their price target on Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, February 28th. Baird R W lowered Playtika from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th. Citigroup dropped their price target on shares of Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Wedbush reaffirmed an “outperform” rating and set a $11.50 price objective on shares of Playtika in a report on Wednesday, February 26th. Finally, Bank of America raised shares of Playtika from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $6.00 to $6.50 in a research note on Wednesday, March 26th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $8.09.

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.