114,900 Shares in Playtika Holding Corp. (NASDAQ:PLTK) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new stake in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 114,900 shares of the company's stock, valued at approximately $797,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP raised its position in shares of Playtika by 76.0% during the fourth quarter. Quantinno Capital Management LP now owns 692,975 shares of the company's stock worth $4,809,000 after acquiring an additional 299,278 shares during the last quarter. Mork Capital Management LLC bought a new position in Playtika during the 4th quarter worth approximately $1,025,000. Jacobs Levy Equity Management Inc. lifted its position in shares of Playtika by 2.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,160,806 shares of the company's stock worth $8,056,000 after purchasing an additional 23,211 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in shares of Playtika in the 4th quarter worth approximately $282,000. Finally, Deutsche Bank AG bought a new stake in shares of Playtika in the 4th quarter valued at $567,000. Institutional investors and hedge funds own 11.94% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PLTK shares. Macquarie lowered 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. Bank of America raised Playtika from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $6.00 to $6.50 in a research note on Wednesday, March 26th. Morgan Stanley lowered their target price on Playtika from $7.25 to $5.75 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Citigroup cut their price target on Playtika from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $11.50 price target on shares of Playtika in a research note on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $7.78.

Insider Transactions at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 200,000 shares of the firm's stock in a transaction that occurred 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 transaction, the insider now directly owns 200,347,048 shares in the company, valued at approximately $1,001,735,240. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.10% of the company's stock.

Playtika Stock Performance

PLTK traded down $0.02 during mid-day trading on Wednesday, reaching $4.74. 203,500 shares of the stock were exchanged, compared to its average volume of 1,173,075. Playtika Holding Corp. has a 1 year low of $3.97 and a 1 year high of $9.07. The company has a 50 day moving average price of $4.96 and a two-hundred day moving average price of $6.35. The stock has a market capitalization of $1.78 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91.

Playtika (NASDAQ:PLTK - Get Free Report) last announced 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 business had revenue of $706.00 million for the quarter, compared to analysts' expectations of $699.67 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 earnings per share. Sell-side analysts expect that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 23rd will be given a dividend of $0.10 per share. 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 8.45%. Playtika's dividend payout ratio 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.