Playtika Holding Corp. (NASDAQ:PLTK) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP boosted its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 455,779 shares of the company's stock after acquiring an additional 96,576 shares during the quarter. Marshall Wace LLP owned 0.12% of Playtika worth $3,163,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Playtika by 12.9% in the 3rd quarter. State Street Corp now owns 1,317,709 shares of the company's stock valued at $10,564,000 after purchasing an additional 150,878 shares during the period. Barclays PLC raised its position in shares of Playtika by 4.8% in the third quarter. Barclays PLC now owns 163,138 shares of the company's stock worth $1,291,000 after acquiring an additional 7,480 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Playtika by 43.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 31,809 shares of the company's stock worth $271,000 after acquiring an additional 9,658 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Playtika by 302.6% in the 3rd quarter. Franklin Resources Inc. now owns 60,587 shares of the company's stock valued at $454,000 after purchasing an additional 45,537 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Playtika by 102.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 80,150 shares of the company's stock worth $635,000 after purchasing an additional 40,604 shares during the period. 11.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on PLTK shares. 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. Baird R W lowered shares of Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Robert W. Baird reaffirmed a "neutral" rating and set a $6.00 price objective (down from $9.00) on shares of Playtika in a report on Friday, February 28th. Macquarie cut their target price on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, February 28th. 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. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $7.78.

Playtika Stock Up 1.4 %

Shares of Playtika stock traded up $0.07 during mid-day trading on Thursday, hitting $5.34. The stock had a trading volume of 348,966 shares, compared to its average volume of 1,116,503. The firm has a market cap of $2.01 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. The firm has a 50-day moving average of $5.06 and a two-hundred day moving average of $6.73. Playtika Holding Corp. has a 12-month low of $3.97 and a 12-month high of $9.16.

Playtika Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.40 annualized dividend and a yield of 7.49%. Playtika's dividend payout ratio (DPR) is 90.91%.

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.