60,145 Shares in Playtika Holding Corp. (NASDAQ:PLTK) Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC acquired a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 60,145 shares of the company's stock, valued at approximately $311,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PLTK. BNP Paribas Financial Markets bought a new position in Playtika during the fourth quarter valued at about $1,222,000. Quantinno Capital Management LP lifted its position in shares of Playtika by 76.0% in the 4th quarter. Quantinno Capital Management LP now owns 692,975 shares of the company's stock worth $4,809,000 after acquiring an additional 299,278 shares during the period. Deutsche Bank AG acquired a new stake in shares of Playtika during the 4th quarter worth approximately $567,000. Russell Investments Group Ltd. increased its position in shares of Playtika by 43.4% during the fourth quarter. Russell Investments Group Ltd. now owns 260,040 shares of the company's stock valued at $1,812,000 after purchasing an additional 78,716 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of Playtika during the fourth quarter valued at approximately $797,000. Institutional investors own 11.94% of the company's stock.

Insider Activity at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 389,053 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $4.70, for a total transaction of $1,828,549.10. Following the transaction, the insider now directly owns 199,510,511 shares in the company, valued at approximately $937,699,401.70. This represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 739,922 shares of company stock valued at $3,548,194 in the last three months. Corporate insiders own 5.10% of the company's stock.

Playtika Price Performance

Shares of PLTK traded up $0.06 during trading hours on Wednesday, hitting $4.82. The stock had a trading volume of 1,369,561 shares, compared to its average volume of 1,204,799. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 1.26 and a beta of 0.85. The company's fifty day moving average is $4.91 and its two-hundred day moving average is $5.82. Playtika Holding Corp. has a 52 week low of $3.97 and a 52 week high of $8.80.

Playtika (NASDAQ:PLTK - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share 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 the consensus estimate of $699.67 million. Playtika had a negative return on equity of 149.09% and a net margin of 5.37%. Playtika's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 earnings per share. Equities analysts predict that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 23rd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, June 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 8.30%. Playtika's dividend payout ratio (DPR) is presently 105.26%.

Analysts Set New Price Targets

Several research analysts recently commented on PLTK shares. Morgan Stanley reduced their target price on Playtika from $7.25 to $5.75 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Robert W. Baird reaffirmed a "neutral" rating and set a $6.00 price objective (down from $9.00) on shares of Playtika in a report on Friday, February 28th. Bank of America upgraded shares of Playtika from an "underperform" rating to a "buy" rating and lifted their target price for the company from $6.00 to $6.50 in a research report on Wednesday, March 26th. Wedbush reissued an "outperform" rating and issued a $11.50 price target on shares of Playtika in a research report on Friday, May 2nd. Finally, Citigroup cut their price target on shares of Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Five 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, the company currently has an average rating of "Hold" and an average price target of $7.68.

About Playtika

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.