Two Sigma Investments LP Has $1.14 Million Position in Playtika Holding Corp. (NASDAQ:PLTK)

Two Sigma Investments LP raised its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 76.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,576 shares of the company's stock after buying an additional 70,995 shares during the period. Two Sigma Investments LP's holdings in Playtika were worth $1,135,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC raised its holdings in shares of Playtika by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company's stock valued at $29,000 after purchasing an additional 1,534 shares in the last quarter. Crestline Management LP bought a new position in shares of Playtika during the 4th quarter valued at $71,000. Aster Capital Management DIFC Ltd raised its holdings 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 purchasing an additional 11,164 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Playtika during the 4th quarter valued at $84,000. Finally, Aigen Investment Management LP bought a new position in shares of Playtika during the 4th quarter valued at $85,000. Institutional investors and hedge funds own 11.94% of the company's stock.

Wall Street Analysts Forecast Growth

PLTK has been the topic of a number of recent research reports. Baird R W downgraded shares of Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Citigroup dropped their target price on shares of Playtika from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Morgan Stanley dropped 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. Bank of America upgraded shares of Playtika from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $6.00 to $6.50 in a report on Wednesday, March 26th. Finally, Wedbush reiterated an "outperform" rating and issued a $11.50 target price on shares of Playtika in a report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.78.

Insider Activity

In other news, major shareholder Holding Uk Ltd Playtika II sold 200,000 shares of Playtika stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $5.00, for a total transaction of $1,000,000.00. Following the sale, the insider now directly owns 200,347,048 shares in the company, valued at approximately $1,001,735,240. The trade was a 0.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 739,922 shares of company stock worth $3,548,194. Corporate insiders own 5.10% of the company's stock.

Playtika Stock Performance

NASDAQ:PLTK opened at $4.88 on Friday. The firm's 50-day moving average is $4.96 and its 200-day moving average is $6.18. Playtika Holding Corp. has a 52-week low of $3.97 and a 52-week high of $9.07. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.69 and a beta of 0.85.

Playtika (NASDAQ:PLTK - Get Free Report) last posted its quarterly earnings data 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). Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The company had revenue of $706.00 million for the quarter, compared to the consensus estimate of $699.67 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. Equities analysts predict that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders 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 annualized dividend and a dividend yield of 8.20%. Playtika's dividend payout ratio (DPR) is currently 105.26%.

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.

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