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

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC boosted its stake in 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 during the period. Crestline Management LP acquired a new stake in shares of Playtika during the fourth quarter valued at approximately $71,000. Aster Capital Management DIFC Ltd grew its position in Playtika by 7,917.7% during the fourth 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. Aigen Investment Management LP purchased a new position in Playtika during the fourth quarter valued at approximately $85,000. Finally, Victory Capital Management Inc. bought a new stake in Playtika in the fourth quarter worth approximately $87,000. 11.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 150,869 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $4.77, for a total transaction of $719,645.13. Following the completion of the sale, the insider owned 199,359,642 shares of the company's stock, valued at $950,945,492.34. This trade represents a 0.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders have sold 739,922 shares of company stock worth $3,548,194. Company insiders own 4.80% of the company's stock.

Playtika Stock Up 1.9%

Shares of Playtika stock traded up $0.09 during trading on Tuesday, reaching $4.93. The company's stock had a trading volume of 1,821,708 shares, compared to its average volume of 1,244,266. The business's 50-day moving average price is $4.88 and its 200-day moving average price is $5.63. The firm has a market cap of $1.85 billion, a PE ratio of 12.97, a P/E/G ratio of 1.32 and a beta of 0.85. Playtika Holding Corp. has a 52 week low of $3.97 and a 52 week high of $8.80.

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

Playtika Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Monday, June 23rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.11%. The ex-dividend date was Monday, June 23rd. Playtika's payout ratio is presently 105.26%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PLTK shares. Wedbush raised shares of Playtika to a "strong-buy" rating in a report on Tuesday, July 1st. Morgan Stanley decreased their price objective 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. Finally, 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 research note on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Playtika currently has an average rating of "Moderate Buy" and an average price target of $7.68.

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.