Woodline Partners LP Acquires 131,669 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Woodline Partners LP raised its position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 41.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 449,877 shares of the company's stock after buying an additional 131,669 shares during the quarter. Woodline Partners LP owned 0.12% of Playtika worth $3,122,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Covestor Ltd lifted its stake in Playtika by 11.4% during the fourth quarter. Covestor Ltd now owns 14,103 shares of the company's stock valued at $98,000 after buying an additional 1,447 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Playtika by 57.2% during 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 period. Choreo LLC boosted its holdings in shares of Playtika by 14.9% during the fourth quarter. Choreo LLC now owns 12,485 shares of the company's stock worth $90,000 after purchasing an additional 1,619 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Playtika by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company's stock worth $3,726,000 after purchasing an additional 1,639 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Playtika by 3.0% during the fourth quarter. Invesco Ltd. now owns 78,390 shares of the company's stock worth $544,000 after purchasing an additional 2,304 shares during the period. 11.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Holding Uk Ltd Playtika II sold 150,869 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $4.77, for a total value of $719,645.13. Following the completion of the sale, the insider now owns 199,359,642 shares in the company, valued at approximately $950,945,492.34. This trade represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 739,922 shares of company stock valued at $3,548,194 over the last 90 days. 5.10% of the stock is currently owned by company insiders.

Playtika Trading Up 0.7%

NASDAQ PLTK traded up $0.04 during trading on Friday, reaching $4.79. The company's stock had a trading volume of 221,805 shares, compared to its average volume of 1,176,715. The stock has a market capitalization of $1.80 billion, a PE ratio of 8.25, a PEG ratio of 1.69 and a beta of 0.91. The business has a 50-day moving average price of $4.99 and a 200-day moving average price of $6.31. Playtika Holding Corp. has a 1-year low of $3.97 and a 1-year high of $9.07.

Playtika (NASDAQ:PLTK - Get Free Report) last released its quarterly 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 8.52% and a negative return on equity of 144.73%. The firm had revenue of $706.00 million during the quarter, compared to the consensus estimate of $699.67 million. During the same period in the prior year, the business earned $0.14 EPS. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, analysts expect that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 23rd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.36%. The ex-dividend date is Monday, June 23rd. Playtika's dividend payout ratio is 105.26%.

Analyst Upgrades and Downgrades

Several research firms recently commented on PLTK. Baird R W cut shares of Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Citigroup decreased their price target on shares of Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a report on Friday, March 7th. Wedbush restated an "outperform" rating and set a $11.50 price target on shares of Playtika in a report on Friday, May 2nd. Bank of America upgraded shares of Playtika from an "underperform" rating to a "buy" rating and raised their price target for the stock from $6.00 to $6.50 in a report on Wednesday, March 26th. Finally, Macquarie decreased their price target on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $7.78.

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.