XTX Topco Ltd Invests $561,000 in Playtika Holding Corp. (NASDAQ:PLTK)

XTX Topco Ltd acquired a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 108,507 shares of the company's stock, valued at approximately $561,000.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in shares of Playtika during the 4th quarter worth about $1,222,000. Exchange Traded Concepts LLC acquired a new position in shares of Playtika during the 1st quarter worth about $311,000. Vontobel Holding Ltd. acquired a new position in shares of Playtika during the 1st quarter worth about $343,000. Deutsche Bank AG acquired a new position in shares of Playtika during the 4th quarter worth about $567,000. Finally, Quantinno Capital Management LP increased its stake in shares of Playtika by 76.0% during the 4th quarter. Quantinno Capital Management LP now owns 692,975 shares of the company's stock worth $4,809,000 after purchasing an additional 299,278 shares during the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 389,053 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $4.70, for a total transaction of $1,828,549.10. Following the transaction, the insider owned 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 SEC, which is available at this hyperlink. In the last quarter, insiders have sold 739,922 shares of company stock worth $3,548,194. Corporate insiders own 5.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PLTK shares. Morgan Stanley lowered their price objective on shares of Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Wedbush upgraded shares of Playtika to a "strong-buy" rating in a research note on Tuesday, July 1st. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $7.68.

Playtika Stock Performance

Shares of PLTK opened at $4.35 on Thursday. Playtika Holding Corp. has a 52 week low of $3.97 and a 52 week high of $8.80. The firm has a market cap of $1.63 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 1.17 and a beta of 0.85. The firm's 50-day simple moving average is $4.71 and its 200 day simple moving average is $5.30.

Playtika (NASDAQ:PLTK - Get Free Report) last announced 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 5.37% and a negative return on equity of 149.09%. The company had revenue of $706.00 million during the quarter, compared to analyst estimates of $699.67 million. During the same quarter last year, the company posted $0.14 EPS. 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 earnings per share for the current year.

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.

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