Deutsche Bank AG Takes $567,000 Position in Playtika Holding Corp. (NASDAQ:PLTK)

Deutsche Bank AG bought a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 81,655 shares of the company's stock, valued at approximately $567,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLTK. Concentric Capital Strategies LP bought a new stake in shares of Playtika in the fourth quarter worth about $130,000. Crestline Management LP purchased a new position in Playtika during the 4th quarter valued at approximately $71,000. Cubist Systematic Strategies LLC bought a new stake in Playtika in the 4th quarter worth approximately $1,479,000. Brevan Howard Capital Management LP purchased a new stake in shares of Playtika during the 4th quarter worth approximately $207,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Playtika during the 4th quarter valued at approximately $1,222,000. Institutional investors own 11.94% of the company's stock.

Insider Transactions at Playtika

In other 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 value of $1,828,549.10. Following the completion of the sale, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 739,922 shares of company stock valued at $3,548,194 in the last 90 days. Insiders own 5.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Bank of America upgraded shares of Playtika from an "underperform" rating to a "buy" rating and boosted their price target for the stock from $6.00 to $6.50 in a research report on Wednesday, March 26th. Macquarie reduced their target price on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating on the stock in a report 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 report on Friday, February 28th. Baird R W lowered Playtika from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Wedbush reissued an "outperform" rating and set a $11.50 price objective on shares of Playtika in a research note on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Playtika presently has an average rating of "Hold" and an average price target of $7.78.

Playtika Trading Down 0.2%

Shares of PLTK traded down $0.01 during trading hours on Friday, reaching $4.74. 867,738 shares of the company traded hands, compared to its average volume of 1,179,997. The stock's fifty day moving average price is $4.99 and its 200 day moving average price is $6.28. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 8.17, a PEG 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.

Playtika (NASDAQ:PLTK - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $699.67 million. During the same period last year, the firm earned $0.14 earnings per share. Playtika's quarterly revenue was up 8.4% on a year-over-year basis. On average, research analysts forecast that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 23rd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.44%. The ex-dividend date is Monday, June 23rd. Playtika's payout ratio is currently 105.26%.

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.