81,655 Shares in Playtika Holding Corp. (NASDAQ:PLTK) Bought by Deutsche Bank AG

Deutsche Bank AG purchased a new stake in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 81,655 shares of the company's stock, valued at approximately $567,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PLTK. Arrowstreet Capital Limited Partnership increased its position in shares of 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 grew its stake in shares of Playtika by 23,814.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company's stock valued at $4,592,000 after acquiring an additional 663,700 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Playtika during the 4th quarter valued at approximately $2,402,000. The Manufacturers Life Insurance Company grew its stake in shares of Playtika by 9.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,926,854 shares of the company's stock valued at $20,312,000 after acquiring an additional 241,658 shares during the period. Finally, Edgestream Partners L.P. grew its stake in shares of Playtika by 123.6% during the 4th quarter. Edgestream Partners L.P. now owns 415,901 shares of the company's stock valued at $2,886,000 after acquiring an additional 229,933 shares during the period. Hedge funds and other institutional investors own 11.94% of the company's stock.

Insider Activity at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 200,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $5.00, for a total value of $1,000,000.00. Following the completion of the transaction, the insider now directly owns 200,347,048 shares of the company's stock, valued at approximately $1,001,735,240. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 739,922 shares of company stock valued at $3,548,194. 5.10% of the stock is owned by corporate insiders.

Playtika Stock Performance

PLTK traded up $0.03 during trading on Monday, reaching $4.77. 1,064,419 shares of the company traded hands, compared to its average volume of 1,180,380. Playtika Holding Corp. has a 12-month low of $3.97 and a 12-month high of $9.07. The firm has a fifty day simple moving average of $4.98 and a 200 day simple moving average of $6.23. The company has a market cap of $1.79 billion, a P/E ratio of 8.22, a PEG ratio of 1.69 and a beta of 0.91.

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

Playtika Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 23rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.39%. The ex-dividend date is Monday, June 23rd. Playtika's dividend payout ratio (DPR) is presently 105.26%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wedbush reiterated an "outperform" rating and set a $11.50 price objective on shares of Playtika in a research note on Friday, May 2nd. Citigroup cut their price objective on Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Bank of America upgraded Playtika from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $6.00 to $6.50 in a research note on Wednesday, March 26th. Macquarie cut their price objective on Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, February 28th. Finally, Baird R W downgraded Playtika from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Playtika currently has a consensus rating of "Hold" and a consensus price target of $7.78.

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.