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

Two Sigma Investments LP increased its holdings in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 76.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 163,576 shares of the company's stock after purchasing an additional 70,995 shares during the quarter. Two Sigma Investments LP's holdings in Playtika were worth $1,135,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of Playtika by 61.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,923,616 shares of the company's stock worth $20,290,000 after acquiring an additional 1,109,594 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Playtika by 23,814.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company's stock valued at $4,592,000 after buying an additional 663,700 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Playtika in the fourth quarter valued at approximately $2,402,000. Quantinno Capital Management LP grew its position in 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 buying an additional 299,278 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Playtika by 9.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 2,926,854 shares of the company's stock worth $20,312,000 after acquiring an additional 241,658 shares during the period. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLTK has been the subject of a number of recent analyst reports. Robert W. Baird reiterated a "neutral" rating and set a $6.00 target price (down from $9.00) on shares of Playtika in a research report on Friday, February 28th. Bank of America raised shares of Playtika from an "underperform" rating to a "buy" rating and raised their target price for the company from $6.00 to $6.50 in a report on Wednesday, March 26th. Morgan Stanley cut their price target on shares of Playtika from $7.25 to $5.75 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Wedbush reissued an "outperform" rating and issued a $11.50 price objective on shares of Playtika in a research note on Friday, May 2nd. Finally, Macquarie lowered their price objective 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 equities research 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.com, the stock has a consensus rating of "Hold" and an average target price of $7.78.

Insider Buying and Selling

In related news, major shareholder Holding Uk Ltd Playtika II sold 389,053 shares of the company's stock in a transaction dated 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 sale, the insider now owns 199,510,511 shares in the company, valued at $937,699,401.70. This represents a 0.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 739,922 shares of company stock valued at $3,548,194 over the last ninety days. 5.10% of the stock is owned by company insiders.

Playtika Trading Down 1.6%

NASDAQ:PLTK traded down $0.08 on Monday, hitting $4.81. The company had a trading volume of 993,850 shares, compared to its average volume of 1,185,789. Playtika Holding Corp. has a 52 week low of $3.97 and a 52 week high of $8.99. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 1.69 and a beta of 0.85. The firm has a 50 day moving average of $4.96 and a two-hundred day moving average of $6.13.

Playtika (NASDAQ:PLTK - Get Free Report) last announced its quarterly 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). 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 analyst estimates of $699.67 million. During the same quarter last year, the company posted $0.14 earnings per share. The firm's quarterly revenue was up 8.4% on a year-over-year basis. As a group, equities analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 23rd will be issued a $0.10 dividend. The ex-dividend date is Monday, June 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 8.32%. Playtika's payout ratio is 105.26%.

Playtika 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.