AQR Capital Management LLC Has $45.31 Million Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

AQR Capital Management LLC trimmed its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 16.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,529,259 shares of the company's stock after selling 1,261,129 shares during the quarter. AQR Capital Management LLC owned about 1.75% of Playtika worth $45,313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of PLTK. Sterling Capital Management LLC raised its position in shares of 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 buying an additional 1,534 shares in the last quarter. GAMMA Investing LLC lifted its stake in Playtika by 146.0% during the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company's stock valued at $34,000 after buying an additional 2,910 shares in the last quarter. Versant Capital Management Inc grew its position in Playtika by 148.7% during the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company's stock worth $41,000 after purchasing an additional 3,496 shares in the last quarter. R Squared Ltd purchased a new stake in Playtika in the 4th quarter worth about $57,000. Finally, Kera Capital Partners Inc. acquired a new stake in shares of Playtika during the fourth quarter worth approximately $70,000. Institutional investors own 11.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PLTK shares. Robert W. Baird reaffirmed a "neutral" rating and set a $6.00 price target (down from $9.00) on shares of Playtika in a research note on Friday, February 28th. Morgan Stanley cut their price objective on shares of 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 restated an "outperform" rating and issued a $11.50 price objective on shares of Playtika in a research note on Friday. Baird R W lowered Playtika from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Bank of America raised shares of Playtika from an "underperform" rating to a "buy" rating and raised their price objective for the stock from $6.00 to $6.50 in a report on Wednesday, March 26th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $7.78.

Playtika Stock Down 1.7 %

NASDAQ PLTK traded down $0.09 during trading hours on Tuesday, hitting $5.28. The company's stock had a trading volume of 2,147,919 shares, compared to its average volume of 1,132,991. The stock has a fifty day moving average of $4.96 and a 200 day moving average of $6.67. The firm has a market capitalization of $1.98 billion, a P/E ratio of 9.10, a PEG ratio of 1.69 and a beta of 0.91. Playtika Holding Corp. has a twelve month low of $3.97 and a twelve month high of $9.16.

Playtika Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 7.58%. The ex-dividend date of this dividend was Friday, March 21st. Playtika's payout ratio is 90.91%.

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.