State of Alaska Department of Revenue Raises Stock Position in Playtika Holding Corp. (NASDAQ:PLTK)

State of Alaska Department of Revenue raised its position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 55.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 354,689 shares of the company's stock after purchasing an additional 126,857 shares during the period. State of Alaska Department of Revenue owned approximately 0.09% of Playtika worth $1,833,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PLTK. Sterling Capital Management LLC lifted its stake in Playtika by 57.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company's stock worth $29,000 after purchasing an additional 1,534 shares during the last quarter. Crestline Management LP purchased a new position in shares of Playtika in the fourth quarter worth about $71,000. Aster Capital Management DIFC Ltd increased its holdings in shares of Playtika by 7,917.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 11,305 shares of the company's stock worth $78,000 after buying an additional 11,164 shares during the period. Aigen Investment Management LP bought a new stake in shares of Playtika in the 4th quarter valued at about $85,000. Finally, Victory Capital Management Inc. purchased a new stake in Playtika during the 4th quarter valued at about $87,000. Institutional investors own 11.94% of the company's stock.

Playtika Trading Down 1.0%

PLTK traded down $0.05 during trading on Friday, reaching $4.74. The stock had a trading volume of 9,416,012 shares, compared to its average volume of 1,239,827. Playtika Holding Corp. has a one year low of $3.97 and a one year high of $8.80. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 1.28 and a beta of 0.85. The stock's 50 day moving average is $4.90 and its two-hundred day moving average is $5.79.

Playtika (NASDAQ:PLTK - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). Playtika had a net margin of 5.37% and a negative return on equity of 149.09%. The business had revenue of $706.00 million for the quarter, compared to analysts' expectations of $699.67 million. During the same period last year, the business earned $0.14 earnings per share. The company's revenue was up 8.4% on a year-over-year basis. On average, equities research analysts predict that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

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 paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.40 annualized dividend and a dividend yield of 8.44%. Playtika's payout ratio is currently 105.26%.

Analyst Ratings Changes

PLTK has been the subject of several recent research reports. Macquarie lowered their price objective on Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday, February 28th. Citigroup dropped their price target on shares of Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Wedbush reissued an "outperform" rating and issued a $11.50 price target on shares of Playtika in a report on Friday, May 2nd. Robert W. Baird reaffirmed a "neutral" rating and set a $6.00 price objective (down from $9.00) on shares of Playtika in a research note on Friday, February 28th. Finally, Baird R W cut Playtika from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $7.68.

Insider Activity at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 389,053 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $4.70, for a total transaction of $1,828,549.10. Following the transaction, the insider now directly owns 199,510,511 shares of the company's stock, valued at $937,699,401.70. This represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 739,922 shares of company stock valued at $3,548,194 in the last 90 days. Corporate insiders own 5.10% of the company's stock.

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.