Jump Financial LLC Acquires 56,121 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Jump Financial LLC lifted its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 275.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,531 shares of the company's stock after purchasing an additional 56,121 shares during the period. Jump Financial LLC's holdings in Playtika were worth $531,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. State Street Corp boosted its position in Playtika by 12.9% in the 3rd quarter. State Street Corp now owns 1,317,709 shares of the company's stock valued at $10,564,000 after buying an additional 150,878 shares during the last quarter. Barclays PLC raised its holdings in Playtika by 4.8% during the 3rd quarter. Barclays PLC now owns 163,138 shares of the company's stock worth $1,291,000 after purchasing an additional 7,480 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Playtika by 43.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 31,809 shares of the company's stock valued at $271,000 after purchasing an additional 9,658 shares during the period. Franklin Resources Inc. boosted its stake in shares of Playtika by 302.6% in the 3rd quarter. Franklin Resources Inc. now owns 60,587 shares of the company's stock valued at $454,000 after purchasing an additional 45,537 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Playtika by 102.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 80,150 shares of the company's stock worth $635,000 after buying an additional 40,604 shares during the period. 11.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on PLTK. Robert W. Baird reaffirmed a "neutral" rating and issued a $6.00 price objective (down from $9.00) on shares of Playtika in a research note on Friday, February 28th. Wedbush restated an "outperform" rating and issued a $11.50 price target on shares of Playtika in a research report on Wednesday, February 26th. Bank of America upgraded 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. Baird R W lowered Playtika from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.78.

Playtika Trading Down 0.1 %

Shares of NASDAQ:PLTK traded down $0.00 during trading on Tuesday, hitting $5.23. 188,149 shares of the company's stock traded hands, compared to its average volume of 1,741,221. The company has a 50-day moving average price of $5.13 and a 200-day moving average price of $6.75. Playtika Holding Corp. has a 52 week low of $3.97 and a 52 week high of $9.15. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92.

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 7.65%. The ex-dividend date of this dividend was Friday, March 21st. Playtika's dividend payout ratio (DPR) is presently 90.91%.

Playtika 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.