BNP Paribas Financial Markets Invests $1.22 Million in Playtika Holding Corp. (NASDAQ:PLTK)

BNP Paribas Financial Markets purchased a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 176,031 shares of the company's stock, valued at approximately $1,222,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its stake in Playtika by 61.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,923,616 shares of the company's stock valued at $20,290,000 after purchasing an additional 1,109,594 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Playtika by 23,814.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company's stock valued at $4,592,000 after purchasing an additional 663,700 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Playtika in the fourth quarter valued at approximately $2,402,000. The Manufacturers Life Insurance Company lifted its position in shares of Playtika by 9.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,926,854 shares of the company's stock worth $20,312,000 after acquiring an additional 241,658 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its position in shares of Playtika by 123.6% during the fourth quarter. Edgestream Partners L.P. now owns 415,901 shares of the company's stock worth $2,886,000 after acquiring an additional 229,933 shares in the last quarter. 11.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 200,000 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $5.00, for a total value of $1,000,000.00. Following the transaction, the insider now owns 200,347,048 shares of the company's stock, valued at $1,001,735,240. This represents a 0.10% 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. 5.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PLTK has been the topic of several recent research reports. Citigroup dropped their target price on Playtika from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Bank of America raised shares of Playtika from an "underperform" rating to a "buy" rating and upped their price target for the stock from $6.00 to $6.50 in a report on Wednesday, March 26th. Baird R W cut shares of Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Robert W. Baird reaffirmed a "neutral" rating and issued a $6.00 price target (down previously from $9.00) on shares of Playtika in a report on Friday, February 28th. Finally, Morgan Stanley decreased their price target on shares of Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $7.78.

Playtika Trading Down 1.3%

Shares of Playtika stock traded down $0.06 during trading on Friday, hitting $4.51. The stock had a trading volume of 1,115,571 shares, compared to its average volume of 1,171,314. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 7.78, a P/E/G ratio of 1.69 and a beta of 0.91. Playtika Holding Corp. has a 12 month low of $3.97 and a 12 month high of $9.07. The business's 50-day moving average is $4.96 and its 200 day moving average is $6.38.

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

Playtika Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 23rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 8.87%. Playtika's dividend payout ratio is presently 105.26%.

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.