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Playtika Holding Corp. (NASDAQ:PLTK) Given Consensus Rating of "Hold" by Brokerages

Playtika logo with Consumer Discretionary background

Shares of Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) have been assigned a consensus rating of "Hold" from the eight ratings firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $7.68.

A number of analysts recently issued reports on PLTK shares. Morgan Stanley decreased their target price on Playtika from $7.25 to $5.75 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Wedbush reissued an "outperform" rating and issued a $11.50 price objective on shares of Playtika in a report on Friday, May 2nd. Bank of America upgraded shares of Playtika from an "underperform" rating to a "buy" rating and raised their target price for the stock from $6.00 to $6.50 in a research report on Wednesday, March 26th. Finally, Citigroup reduced their price target on shares of Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Friday, March 7th.

View Our Latest Stock Analysis on PLTK

Insider Transactions at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 389,053 shares of Playtika stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $4.70, for a total value of $1,828,549.10. Following the sale, the insider owned 199,510,511 shares of the company's stock, valued at approximately $937,699,401.70. The trade was a 0.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 739,922 shares of company stock worth $3,548,194 over the last three months. Corporate insiders own 4.80% of the company's stock.

Institutional Trading of Playtika

Several hedge funds have recently modified their holdings of PLTK. Acadian Asset Management LLC raised its position in Playtika by 366.2% in the first quarter. Acadian Asset Management LLC now owns 1,547,829 shares of the company's stock worth $7,989,000 after acquiring an additional 1,215,843 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Playtika by 536.3% during the 1st quarter. Jane Street Group LLC now owns 1,354,552 shares of the company's stock worth $7,003,000 after purchasing an additional 1,141,685 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Playtika by 61.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,923,616 shares of the company's stock valued at $20,290,000 after purchasing an additional 1,109,594 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Playtika by 143.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 719,263 shares of the company's stock valued at $3,719,000 after purchasing an additional 423,738 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Playtika during the fourth quarter worth about $2,402,000. 11.94% of the stock is owned by institutional investors and hedge funds.

Playtika Price Performance

Shares of PLTK traded down $0.01 during midday trading on Tuesday, reaching $4.90. The stock had a trading volume of 137,050 shares, compared to its average volume of 1,232,109. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 1.26 and a beta of 0.85. The company's fifty day simple moving average is $4.89 and its two-hundred day simple moving average is $5.71. Playtika has a 1-year low of $3.97 and a 1-year high of $8.80.

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 the consensus estimate of $0.11 by ($0.02). The company had revenue of $706.00 million during the quarter, compared to analysts' expectations 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 for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. On average, sell-side analysts forecast that Playtika will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 23rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 8.17%. The ex-dividend date of this dividend is Monday, June 23rd. Playtika's payout ratio is 105.26%.

Playtika Company Profile

(Get Free Report

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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