Playtika Holding Corp. (NASDAQ:PLTK) Position Boosted by Jane Street Group LLC

Jane Street Group LLC raised its position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 38.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 212,867 shares of the company's stock after purchasing an additional 59,071 shares during the quarter. Jane Street Group LLC owned about 0.06% of Playtika worth $1,477,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Sterling Capital Management LLC raised its holdings in shares of Playtika by 57.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company's stock worth $29,000 after acquiring an additional 1,534 shares in the last quarter. R Squared Ltd bought a new position in Playtika in the 4th quarter worth approximately $57,000. Kera Capital Partners Inc. bought a new stake in shares of Playtika during the 4th quarter valued at $70,000. Aster Capital Management DIFC Ltd raised 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 acquiring an additional 11,164 shares during the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of Playtika in the 4th quarter valued at $84,000. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 200,000 shares of Playtika 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 sale, the insider now directly owns 200,347,048 shares of the company's stock, valued at approximately $1,001,735,240. The trade was a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.10% of the stock is owned by company insiders.

Playtika Stock Down 6.8%

PLTK stock opened at $4.66 on Tuesday. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 8.03, 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 $9.16. The company's fifty day simple moving average is $4.96 and its 200 day simple moving average is $6.48.

Playtika (NASDAQ:PLTK - Get Free Report) last released its earnings results 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 during the quarter, compared to analyst estimates of $699.67 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. Playtika's quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 EPS. Research analysts expect that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The company 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. The ex-dividend date is Monday, June 23rd. This represents a $0.40 annualized dividend and a yield of 8.58%. Playtika's payout ratio is 105.26%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PLTK shares. Bank of America raised shares of 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. Macquarie cut their target price on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, February 28th. Morgan Stanley lowered their price target on shares of Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Baird R W cut shares of Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $6.00 target price (down from $9.00) on shares of Playtika in a report on Friday, February 28th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Playtika currently has an average rating of "Hold" and an average target price of $7.78.

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.

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