Playtika Holding Corp. (NASDAQ:PLTK) Shares Acquired by Dark Forest Capital Management LP

Dark Forest Capital Management LP lifted its holdings in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 438.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 114,891 shares of the company's stock after purchasing an additional 93,573 shares during the quarter. Dark Forest Capital Management LP's holdings in Playtika were worth $797,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. State Street Corp boosted its stake 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 during the period. Barclays PLC lifted its holdings in shares of Playtika by 4.8% in the 3rd quarter. Barclays PLC now owns 163,138 shares of the company's stock worth $1,291,000 after acquiring an additional 7,480 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in Playtika by 43.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 31,809 shares of the company's stock valued at $271,000 after purchasing an additional 9,658 shares during the last quarter. Franklin Resources Inc. lifted its stake in Playtika by 302.6% during the third quarter. Franklin Resources Inc. now owns 60,587 shares of the company's stock worth $454,000 after purchasing an additional 45,537 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Playtika by 102.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 80,150 shares of the company's stock valued at $635,000 after buying an additional 40,604 shares during the period. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLTK has been the topic of several research reports. Baird R W cut shares of Playtika from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Wedbush reiterated an "outperform" rating and set a $11.50 target price on shares of Playtika in a report on Wednesday, February 26th. Robert W. Baird reaffirmed a "neutral" rating and set a $6.00 price objective (down previously from $9.00) on shares of Playtika in a research report on Friday, February 28th. Morgan Stanley decreased their target price on Playtika from $7.25 to $5.75 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Finally, Citigroup cut their price target on Playtika from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Playtika presently has a consensus rating of "Hold" and a consensus price target of $7.78.

Playtika Trading Down 1.4 %

NASDAQ:PLTK traded down $0.08 during midday trading on Wednesday, hitting $5.21. 144,691 shares of the company were exchanged, compared to its average volume of 1,113,761. Playtika Holding Corp. has a fifty-two week low of $3.97 and a fifty-two week high of $9.16. The company has a market capitalization of $1.95 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. The company has a fifty day simple moving average of $5.09 and a 200 day simple moving average of $6.74.

Playtika Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.68%. The ex-dividend date of this dividend was Friday, March 21st. Playtika's dividend payout ratio (DPR) is currently 90.91%.

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.