Cubist Systematic Strategies LLC Makes New Investment in Playtika Holding Corp. (NASDAQ:PLTK)

Cubist Systematic Strategies LLC acquired a new stake in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 213,070 shares of the company's stock, valued at approximately $1,479,000. Cubist Systematic Strategies LLC owned approximately 0.06% of Playtika at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Brevan Howard Capital Management LP bought a new stake in Playtika in the fourth quarter worth $207,000. BNP Paribas Financial Markets purchased a new stake in Playtika in the 4th quarter valued at about $1,222,000. Ameriprise Financial Inc. boosted its position in Playtika by 17.7% in the 4th quarter. Ameriprise Financial Inc. now owns 131,377 shares of the company's stock valued at $912,000 after buying an additional 19,710 shares during the period. Jane Street Group LLC grew its stake in Playtika by 38.4% in the 4th quarter. Jane Street Group LLC now owns 212,867 shares of the company's stock worth $1,477,000 after acquiring an additional 59,071 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Playtika by 5.7% during the fourth quarter. Northern Trust Corp now owns 544,678 shares of the company's stock worth $3,780,000 after acquiring an additional 29,217 shares during the period. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PLTK shares. Morgan Stanley decreased their price objective on Playtika from $7.25 to $5.75 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Macquarie lowered their price target on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday, February 28th. Baird R W downgraded shares of Playtika from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. Wedbush reaffirmed an "outperform" rating and set a $11.50 target price on shares of Playtika in a research report on Friday, May 2nd. Finally, Bank of America raised Playtika from an "underperform" rating to a "buy" rating and boosted their price target for the stock from $6.00 to $6.50 in a research report on Wednesday, March 26th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Playtika currently has a consensus rating of "Hold" and a consensus target price of $7.78.

Playtika Stock Performance

NASDAQ:PLTK traded down $0.02 during mid-day trading on Friday, hitting $5.00. 1,629,641 shares of the company's stock traded hands, compared to its average volume of 1,148,486. The company has a fifty day moving average of $4.96 and a 200 day moving average of $6.54. Playtika Holding Corp. has a twelve month low of $3.97 and a twelve month high of $9.16. The company has a market capitalization of $1.88 billion, a P/E ratio of 8.62, a P/E/G ratio of 1.69 and a beta of 0.91.

Playtika (NASDAQ:PLTK - Get Free Report) last posted its quarterly earnings data 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 company 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 quarter last year, the company earned $0.14 EPS. On average, research analysts expect that Playtika Holding Corp. will post 0.65 earnings per share 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 issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date of this dividend is Monday, June 23rd. Playtika's dividend payout ratio (DPR) is presently 105.26%.

Playtika 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.