Jane Street Group LLC Acquires 59,071 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Jane Street Group LLC grew its position in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 38.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 212,867 shares of the company's stock after buying an additional 59,071 shares during the quarter. Jane Street Group LLC owned 0.06% of Playtika worth $1,477,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Covestor Ltd lifted its holdings in shares of Playtika by 11.4% in the fourth quarter. Covestor Ltd now owns 14,103 shares of the company's stock worth $98,000 after acquiring an additional 1,447 shares during the last quarter. Sterling Capital Management LLC boosted its position in Playtika by 57.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company's stock valued at $29,000 after buying an additional 1,534 shares in the last quarter. Choreo LLC grew its stake in shares of Playtika by 14.9% during the fourth quarter. Choreo LLC now owns 12,485 shares of the company's stock worth $90,000 after buying an additional 1,619 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Playtika by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company's stock worth $3,726,000 after buying an additional 1,639 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Playtika by 3.0% during the fourth quarter. Invesco Ltd. now owns 78,390 shares of the company's stock worth $544,000 after buying an additional 2,304 shares in the last quarter. Institutional investors own 11.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PLTK shares. Wedbush reaffirmed an "outperform" rating and issued a $11.50 target price on shares of Playtika in a report on Friday, May 2nd. Baird R W downgraded Playtika from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. Bank of America upgraded shares of Playtika from an "underperform" rating to a "buy" rating and raised their price objective for the company from $6.00 to $6.50 in a report on Wednesday, March 26th. Morgan Stanley reduced their target price 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. Finally, Macquarie decreased their price target on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday, February 28th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Playtika presently has an average rating of "Hold" and a consensus target price of $7.78.

Insider Transactions at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 200,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $5.00, for a total transaction of $1,000,000.00. Following the transaction, the insider now directly owns 200,347,048 shares in the company, valued at approximately $1,001,735,240. This represents a 0.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.10% of the company's stock.

Playtika Trading Down 1.3%

PLTK stock traded down $0.06 during trading on Friday, hitting $4.51. The company had a trading volume of 1,115,571 shares, compared to its average volume of 1,171,314. Playtika Holding Corp. has a one year low of $3.97 and a one year high of $9.07. The business has a 50-day moving average of $4.96 and a 200-day moving average of $6.38. The stock has a market cap of $1.69 billion, a PE ratio of 7.78, a PEG ratio of 1.69 and a beta of 0.91.

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

Playtika Announces Dividend

The firm 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 annualized dividend and a dividend yield of 8.87%. The ex-dividend date of this dividend is Monday, June 23rd. Playtika's dividend payout ratio (DPR) is presently 105.26%.

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.