Vontobel Holding Ltd. Makes New $343,000 Investment in Playtika Holding Corp. (NASDAQ:PLTK)

Vontobel Holding Ltd. bought a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 66,413 shares of the company's stock, valued at approximately $343,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Monument Capital Management grew its holdings in Playtika by 48.1% during the first quarter. Monument Capital Management now owns 20,021 shares of the company's stock worth $104,000 after acquiring an additional 6,498 shares during the period. State of Alaska Department of Revenue grew its holdings in Playtika by 55.7% in the first quarter. State of Alaska Department of Revenue now owns 354,689 shares of the company's stock valued at $1,833,000 after purchasing an additional 126,857 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Playtika in the first quarter valued at approximately $311,000. SummerHaven Investment Management LLC grew its holdings in Playtika by 2.0% in the first quarter. SummerHaven Investment Management LLC now owns 103,334 shares of the company's stock valued at $534,000 after purchasing an additional 2,006 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Playtika by 5.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,416 shares of the company's stock valued at $392,000 after purchasing an additional 2,886 shares during the period. 11.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 150,869 shares of Playtika stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $4.77, for a total value of $719,645.13. Following the completion of the sale, the insider directly owned 199,359,642 shares of the company's stock, valued at approximately $950,945,492.34. The trade was a 0.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 739,922 shares of company stock valued at $3,548,194 over the last ninety days. Insiders own 5.10% of the company's stock.

Analysts Set New Price Targets

PLTK has been the topic of several research analyst reports. Morgan Stanley dropped their price objective on Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Wedbush raised Playtika to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Bank of America upgraded 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 research report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Playtika has an average rating of "Moderate Buy" and a consensus target price of $7.68.

Playtika Price Performance

Playtika stock traded down $0.17 during trading on Friday, reaching $4.72. 822,637 shares of the company were exchanged, compared to its average volume of 1,245,146. Playtika Holding Corp. has a 52-week low of $3.97 and a 52-week high of $8.80. The company has a market capitalization of $1.77 billion, a P/E ratio of 12.42, a PEG ratio of 1.30 and a beta of 0.85. The stock's 50 day simple moving average is $4.85 and its two-hundred day simple moving average is $5.61.

Playtika (NASDAQ:PLTK - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.09 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 during the quarter, compared to analysts' expectations of $699.67 million. During the same quarter in the prior year, the firm earned $0.14 EPS. Playtika's revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities analysts forecast that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 23rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.47%. Playtika's 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.