Cubist Systematic Strategies LLC Purchases Shares of 213,070 Playtika Holding Corp. (NASDAQ:PLTK)

Cubist Systematic Strategies LLC acquired a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 213,070 shares of the company's stock, valued at approximately $1,479,000. Cubist Systematic Strategies LLC owned about 0.06% of Playtika at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its position in Playtika by 4.8% during the third quarter. Barclays PLC now owns 163,138 shares of the company's stock valued at $1,291,000 after acquiring an additional 7,480 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Playtika by 102.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 80,150 shares of the company's stock worth $635,000 after purchasing an additional 40,604 shares in the last quarter. GAMMA Investing LLC raised 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 worth $34,000 after acquiring an additional 2,910 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Playtika by 111.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 29,039 shares of the company's stock valued at $202,000 after buying an additional 15,337 shares during the period. Finally, Merit Financial Group LLC purchased a new position in Playtika in the fourth quarter valued at about $103,000. Institutional investors own 11.94% of the company's stock.

Playtika Trading Down 0.4%

PLTK stock traded down $0.02 on Friday, hitting $5.00. The company's stock had a trading volume of 1,629,641 shares, compared to its average volume of 1,151,269. Playtika Holding Corp. has a 1 year low of $3.97 and a 1 year high of $9.16. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91. The firm has a 50 day moving average of $4.96 and a two-hundred day moving average of $6.50.

Playtika (NASDAQ:PLTK - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $706.00 million for the quarter, compared to analyst estimates of $699.67 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The business's revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $0.14 EPS. As a group, equities analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 23rd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 8.00%. The ex-dividend date is Monday, June 23rd. Playtika's payout ratio is presently 105.26%.

Analyst Ratings Changes

PLTK has been the topic of a number of recent research reports. Wedbush reissued an "outperform" rating and set a $11.50 price objective on shares of Playtika in a research note on Friday, May 2nd. Baird R W downgraded Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Citigroup decreased their target price on Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Robert W. Baird reaffirmed a "neutral" rating and issued a $6.00 price objective (down previously from $9.00) on shares of Playtika in a research note on Friday, February 28th. Finally, Morgan Stanley decreased their price objective on shares of Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $7.78.

Insiders Place Their Bets

In other news, major shareholder Holding Uk Ltd Playtika II sold 200,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $5.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the insider now directly owns 200,347,048 shares in the company, valued at $1,001,735,240. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.10% of the company's stock.

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.