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

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.

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

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.