108,507 Shares in Playtika Holding Corp. (NASDAQ:PLTK) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 108,507 shares of the company's stock, valued at approximately $561,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLTK. Sei Investments Co. lifted its holdings in shares of Playtika by 341.2% in the fourth quarter. Sei Investments Co. now owns 76,403 shares of the company's stock valued at $530,000 after purchasing an additional 59,084 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Playtika by 13.0% in the fourth quarter. Alliancebernstein L.P. now owns 94,336 shares of the company's stock valued at $655,000 after purchasing an additional 10,873 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Playtika by 109.1% during the fourth quarter. Franklin Resources Inc. now owns 126,671 shares of the company's stock worth $879,000 after acquiring an additional 66,084 shares in the last quarter. National Bank of Canada FI purchased a new stake in shares of Playtika during the fourth quarter worth $191,000. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of Playtika during the fourth quarter worth $601,000. 11.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PLTK has been the subject of several recent research reports. Morgan Stanley cut their price objective on Playtika from $7.25 to $5.75 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Wall Street Zen upgraded Playtika from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Wedbush cut their target price on Playtika from $11.50 to $7.00 and set an "outperform" rating on the stock in a report on Friday. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $7.04.

Insider Activity

In related news, major shareholder Holding Uk Ltd Playtika II sold 150,869 shares of the 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 sale, the insider owned 199,359,642 shares in the company, valued at approximately $950,945,492.34. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 739,922 shares of company stock worth $3,548,194. Company insiders own 5.10% of the company's stock.

Playtika Stock Performance

NASDAQ PLTK traded down $0.15 on Friday, reaching $3.80. The company had a trading volume of 2,427,868 shares, compared to its average volume of 1,448,644. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 1.01 and a beta of 0.85. Playtika Holding Corp. has a 1-year low of $3.66 and a 1-year high of $8.80. The company's fifty day moving average is $4.67 and its 200-day moving average is $5.25.

Playtika (NASDAQ:PLTK - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.13). Playtika had a negative return on equity of 78.88% and a net margin of 3.23%. The company had revenue of $696.00 million during the quarter, compared to analyst estimates of $706.03 million. During the same period in the previous year, the company posted $0.23 earnings per share. Playtika's revenue for the quarter was up 11.0% on a year-over-year basis. On average, research analysts forecast 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 Friday, October 10th. Investors of record on Friday, September 26th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, September 26th. This represents a $0.40 annualized dividend and a dividend yield of 10.5%. Playtika's dividend payout ratio (DPR) is currently 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.