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Edgestream Partners L.P. Has $1.70 Million Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

Playtika logo with Consumer Discretionary background

Edgestream Partners L.P. trimmed its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 20.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 329,183 shares of the company's stock after selling 86,718 shares during the quarter. Edgestream Partners L.P. owned about 0.09% of Playtika worth $1,702,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in Playtika by 117.1% in the 1st quarter. Allworth Financial LP now owns 4,996 shares of the company's stock valued at $26,000 after acquiring an additional 2,695 shares during the period. Sterling Capital Management LLC increased its position in Playtika by 57.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company's stock valued at $29,000 after acquiring an additional 1,534 shares during the period. Crestline Management LP acquired a new stake in Playtika in the 4th quarter valued at approximately $71,000. Aster Capital Management DIFC Ltd increased its position in shares of Playtika by 7,917.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 11,305 shares of the company's stock valued at $78,000 after purchasing an additional 11,164 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in shares of Playtika during the 4th quarter valued at $87,000. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 150,869 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $4.77, for a total value of $719,645.13. Following the completion of the sale, the insider owned 199,359,642 shares in the company, valued at $950,945,492.34. This represents a 0.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 739,922 shares of company stock valued at $3,548,194. 5.10% of the stock is owned by corporate insiders.

Playtika Price Performance

Shares of PLTK traded down $0.14 on Friday, hitting $4.49. The company's stock had a trading volume of 1,090,803 shares, compared to its average volume of 1,259,283. The company has a market capitalization of $1.68 billion, a PE ratio of 11.82, a PEG ratio of 1.19 and a beta of 0.85. Playtika Holding Corp. has a fifty-two week low of $3.97 and a fifty-two week high of $8.80. The company has a 50 day moving average price of $4.78 and a 200 day moving average price of $5.51.

Playtika (NASDAQ:PLTK - Get Free Report) last posted 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). The firm had revenue of $706.00 million for the quarter, compared to analyst estimates of $699.67 million. Playtika had a negative return on equity of 149.09% and a net margin of 5.37%. The firm'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 EPS. On average, equities analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Monday, June 23rd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.91%. The ex-dividend date was Monday, June 23rd. Playtika's dividend payout ratio is currently 105.26%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PLTK. Bank of America upgraded Playtika from an "underperform" rating to a "buy" rating and lifted their price target for the company from $6.00 to $6.50 in a research report on Wednesday, March 26th. Wedbush raised Playtika to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, Morgan Stanley reduced their price objective 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. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Playtika has a consensus rating of "Moderate Buy" and a consensus price target of $7.68.

Get Our Latest Report on PLTK

Playtika Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Playtika (NASDAQ:PLTK)

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