Playtika Holding Corp. (NASDAQ:PLTK) Shares Purchased by UBS Group AG

UBS Group AG increased its position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 86.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 289,717 shares of the company's stock after purchasing an additional 134,195 shares during the quarter. UBS Group AG owned 0.08% of Playtika worth $2,790,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in shares of Playtika by 47.8% in the fourth quarter. AQR Capital Management LLC now owns 6,704,950 shares of the company's stock worth $55,450,000 after acquiring an additional 2,168,206 shares during the last quarter. LSV Asset Management raised its holdings in shares of Playtika by 219.3% in the third quarter. LSV Asset Management now owns 4,603,513 shares of the company's stock worth $44,332,000 after acquiring an additional 3,161,580 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Playtika by 31.3% in the second quarter. Renaissance Technologies LLC now owns 2,152,600 shares of the company's stock worth $24,970,000 after acquiring an additional 512,600 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Playtika by 219.9% in the second quarter. Woodline Partners LP now owns 1,768,942 shares of the company's stock worth $20,520,000 after acquiring an additional 1,215,892 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Playtika in the first quarter worth $18,424,000. 11.94% of the stock is owned by institutional investors and hedge funds.

Playtika Trading Up 2.0 %

PLTK stock opened at $7.56 on Monday. The stock has a 50-day moving average price of $7.67 and a two-hundred day moving average price of $8.57. Playtika Holding Corp. has a 12-month low of $6.43 and a 12-month high of $12.90. The company has a market cap of $2.80 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.11 and a beta of 0.85.

Playtika (NASDAQ:PLTK - Get Free Report) last issued its earnings results on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.07). Playtika had a negative return on equity of 81.85% and a net margin of 9.15%. The company had revenue of $637.90 million during the quarter, compared to analysts' expectations of $630.26 million. During the same period in the previous year, the company earned $0.24 EPS. Playtika's quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts forecast that Playtika Holding Corp. will post 0.7 EPS for the current fiscal year.

Playtika Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 22nd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend is Thursday, March 21st.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PLTK. HSBC cut Playtika from a "buy" rating to a "hold" rating and cut their price target for the stock from $14.90 to $8.00 in a report on Monday, January 22nd. Bank of America downgraded Playtika from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $11.00 to $8.00 in a research report on Thursday, January 18th. The Goldman Sachs Group lowered their price objective on Playtika from $11.00 to $8.75 and set a "neutral" rating for the company in a research report on Tuesday, February 27th. Roth Mkm lowered their price objective on Playtika from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, November 20th. Finally, Wedbush lowered their price objective on Playtika from $14.75 to $11.50 and set an "outperform" rating for the company in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $10.43.

About Playtika

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, and 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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