Brokerages Set Playtika Holding Corp. (NASDAQ:PLTK) PT at $8.09

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) has earned an average rating of "Hold" from the nine research firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $7.78.

A number of analysts have commented on the stock. Baird R W lowered shares of Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Citigroup decreased their price objective on Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Wedbush reiterated an "outperform" rating and issued a $11.50 price objective on shares of Playtika in a report on Wednesday, February 26th. Morgan Stanley reduced their target price on Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $6.00 price target (down from $9.00) on shares of Playtika in a research report on Friday, February 28th.

Playtika Price Performance

Shares of NASDAQ PLTK traded down $0.01 during mid-day trading on Thursday, hitting $4.90. The company's stock had a trading volume of 2,323,318 shares, compared to its average volume of 1,105,395. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. The company's fifty day simple moving average is $5.30 and its 200-day simple moving average is $6.82. Playtika has a one year low of $3.97 and a one year high of $9.16.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.40 annualized dividend and a dividend yield of 8.16%. Playtika's dividend payout ratio is presently 90.91%.

Institutional Trading of Playtika

Several hedge funds have recently bought and sold shares of PLTK. Covestor Ltd increased its position in shares of Playtika by 11.4% during the fourth quarter. Covestor Ltd now owns 14,103 shares of the company's stock worth $98,000 after acquiring an additional 1,447 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Playtika by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company's stock worth $29,000 after purchasing an additional 1,534 shares in the last quarter. Choreo LLC raised its stake in shares of Playtika by 14.9% in the 4th quarter. Choreo LLC now owns 12,485 shares of the company's stock valued at $90,000 after purchasing an additional 1,619 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Playtika by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company's stock valued at $3,726,000 after purchasing an additional 1,639 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its position in shares of Playtika by 2.0% during the first quarter. SummerHaven Investment Management LLC now owns 103,334 shares of the company's stock worth $534,000 after buying an additional 2,006 shares during the period. 11.94% of the stock is currently owned by institutional investors and hedge funds.

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.