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) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 60,145 shares of the company's stock, valued at approximately $311,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SummerHaven Investment Management LLC lifted its stake in Playtika by 2.0% during the first quarter. SummerHaven Investment Management LLC now owns 103,334 shares of the company's stock worth $534,000 after purchasing an additional 2,006 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Playtika by 5.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,416 shares of the company's stock worth $392,000 after purchasing an additional 2,886 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Playtika by 314.3% during the fourth quarter. Mackenzie Financial Corp now owns 49,596 shares of the company's stock worth $344,000 after purchasing an additional 37,625 shares during the last quarter. Neo Ivy Capital Management lifted its stake in Playtika by 756.9% during the fourth quarter. Neo Ivy Capital Management now owns 60,963 shares of the company's stock worth $423,000 after purchasing an additional 53,849 shares during the last quarter. Finally, CSS LLC IL lifted its stake in Playtika by 78.9% during the fourth quarter. CSS LLC IL now owns 50,233 shares of the company's stock worth $349,000 after purchasing an additional 22,161 shares during the last quarter. Institutional investors own 11.94% of the company's stock.

Analysts Set New Price Targets

PLTK has been the subject of several recent analyst reports. Macquarie cut their target price on Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, February 28th. Robert W. Baird restated a "neutral" rating and set a $6.00 target price (down from $9.00) on shares of Playtika in a research note on Friday, February 28th. Morgan Stanley cut their target price on Playtika from $7.25 to $5.75 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Bank of America upgraded Playtika from an "underperform" rating to a "buy" rating and upped their target price for the stock from $6.00 to $6.50 in a research note on Wednesday, March 26th. Finally, Baird R W cut Playtika from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Playtika has an average rating of "Hold" and a consensus price target of $7.78.

Playtika Stock Performance

Shares of PLTK opened at $4.52 on Friday. Playtika Holding Corp. has a 52 week low of $3.97 and a 52 week high of $8.80. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.20 and a beta of 0.85. The stock has a fifty day moving average of $4.92 and a 200-day moving average of $5.88.

Playtika (NASDAQ:PLTK - Get Free Report) last announced its quarterly 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). Playtika had a net margin of 5.37% and a negative return on equity of 149.09%. The firm had revenue of $706.00 million during the quarter, compared to the consensus estimate of $699.67 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The firm's revenue was up 8.4% on a year-over-year basis. As a group, equities analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Dividend Announcement

The business also recently announced 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. This represents a $0.40 annualized dividend and a yield of 8.85%. The ex-dividend date is Monday, June 23rd. Playtika's dividend payout ratio is currently 105.26%.

Insider Buying and Selling

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

Want to see what other hedge funds are holding PLTK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Playtika Holding Corp. (NASDAQ:PLTK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.