Point72 Asset Management L.P. Makes New $797,000 Investment in Playtika Holding Corp. (NASDAQ:PLTK)

Point72 Asset Management L.P. bought a new position in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 114,900 shares of the company's stock, valued at approximately $797,000.

A number of other institutional investors have also bought and sold shares of PLTK. BNP Paribas Financial Markets acquired a new stake in shares of Playtika during the 4th quarter worth approximately $1,222,000. Russell Investments Group Ltd. increased its holdings in shares of Playtika by 43.4% during the 4th quarter. Russell Investments Group Ltd. now owns 260,040 shares of the company's stock worth $1,812,000 after buying an additional 78,716 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Playtika by 76.0% during the 4th quarter. Quantinno Capital Management LP now owns 692,975 shares of the company's stock worth $4,809,000 after buying an additional 299,278 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings 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 worth $4,592,000 after buying an additional 663,700 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Playtika by 341.2% during the 4th quarter. Sei Investments Co. now owns 76,403 shares of the company's stock worth $530,000 after buying an additional 59,084 shares during the last quarter. 11.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 200,000 shares of the company's stock in a transaction dated 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. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.10% of the stock is owned by corporate insiders.

Playtika Trading Up 4.3%

Shares of PLTK stock traded up $0.20 on Tuesday, reaching $4.71. 857,230 shares of the stock were exchanged, compared to its average volume of 1,170,793. The business's 50 day moving average price is $4.96 and its 200 day moving average price is $6.36. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 8.11, a PEG ratio of 1.69 and a beta of 0.91. Playtika Holding Corp. has a twelve month low of $3.97 and a twelve month high of $9.07.

Playtika (NASDAQ:PLTK - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share 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 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 revenue was up 8.4% on a year-over-year basis. Equities research analysts forecast that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 23rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 8.50%. Playtika's dividend payout ratio (DPR) is presently 105.26%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PLTK shares. Citigroup dropped their target price on shares of Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a report on Friday, March 7th. Macquarie dropped their target price on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Friday, February 28th. Baird R W downgraded shares of Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Robert W. Baird restated a "neutral" rating and issued a $6.00 price target (down previously from $9.00) on shares of Playtika in a research note on Friday, February 28th. Finally, Wedbush restated an "outperform" rating and issued a $11.50 price target on shares of Playtika in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Playtika presently has an average rating of "Hold" and a consensus target price of $7.78.

Playtika Company 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.