Playtika Holding Corp. (NASDAQ:PLTK) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight brokerages that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $7.68.

PLTK has been the topic of a number of research analyst reports. Morgan Stanley cut their price target on shares of Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Wedbush upgraded shares of Playtika to a "strong-buy" rating in a report on Tuesday. Bank of America upgraded shares of Playtika from an "underperform" rating to a "buy" rating and upped their price objective for the company from $6.00 to $6.50 in a report on Wednesday, March 26th. Finally, Citigroup dropped their price objective on shares of Playtika from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Friday, March 7th.

Playtika Stock Down 0.7%

PLTK traded down $0.04 during trading on Tuesday, reaching $4.97. 738,080 shares of the stock traded hands, compared to its average volume of 1,238,778. The stock has a market capitalization of $1.86 billion, a PE ratio of 13.07, a P/E/G ratio of 1.32 and a beta of 0.85. The stock's 50-day moving average is $4.89 and its 200 day moving average is $5.68. Playtika has a 12 month low of $3.97 and a 12 month high of $8.80.

Playtika (NASDAQ:PLTK - Get Free Report) last issued 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). The firm had revenue of $706.00 million for the quarter, compared to the consensus estimate of $699.67 million. Playtika had a net margin of 5.37% and a negative return on equity of 149.09%. The business's revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS. As a group, equities research analysts anticipate that Playtika will post 0.65 EPS for the current year.

Playtika Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.06%. The ex-dividend date is Monday, June 23rd. Playtika's dividend payout ratio is currently 105.26%.

Insider Buying and Selling at Playtika

In other 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 completion of the transaction, the insider directly owned 199,510,511 shares of the company's stock, valued at $937,699,401.70. This represents a 0.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 739,922 shares of company stock worth $3,548,194. 5.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Playtika by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 3,610,729 shares of the company's stock worth $18,667,000 after buying an additional 137,482 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Playtika by 6.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 3,113,062 shares of the company's stock worth $16,095,000 after buying an additional 186,208 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Playtika by 9.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,926,854 shares of the company's stock worth $20,312,000 after buying an additional 241,658 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Playtika by 61.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,923,616 shares of the company's stock worth $20,290,000 after buying an additional 1,109,594 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in Playtika by 366.2% in the 1st quarter. Acadian Asset Management LLC now owns 1,547,829 shares of the company's stock worth $7,989,000 after buying an additional 1,215,843 shares during the period. 11.94% of the stock is owned by institutional investors.

About Playtika

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.