Raymond James Financial Inc. Buys Shares of 108,782 Playtika Holding Corp. (NASDAQ:PLTK)

Raymond James Financial Inc. bought a new stake in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 108,782 shares of the company's stock, valued at approximately $755,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership boosted its position in 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 buying an additional 1,109,594 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Playtika by 23,814.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company's stock valued at $4,592,000 after purchasing an additional 663,700 shares during the period. Edgestream Partners L.P. grew its stake in Playtika by 123.6% in the fourth quarter. Edgestream Partners L.P. now owns 415,901 shares of the company's stock worth $2,886,000 after purchasing an additional 229,933 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Playtika by 128.3% during the 4th quarter. Bank of New York Mellon Corp now owns 360,086 shares of the company's stock worth $2,499,000 after purchasing an additional 202,391 shares during the period. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Playtika during the fourth quarter valued at $601,000. 11.94% of the stock is currently owned by institutional investors.

Playtika Stock Up 0.8 %

Shares of NASDAQ:PLTK traded up $0.04 during trading on Friday, hitting $5.06. The stock had a trading volume of 1,216,565 shares, compared to its average volume of 1,141,196. The stock has a 50-day simple moving average of $4.96 and a two-hundred day simple moving average of $6.61. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91. Playtika Holding Corp. has a 12-month low of $3.97 and a 12-month high of $9.16.

Playtika (NASDAQ:PLTK - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The business had revenue of $706.00 million during the quarter, compared to analysts' expectations of $699.67 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The firm's revenue was up 8.4% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. As a group, sell-side analysts forecast that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 23rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 7.91%. The ex-dividend date is Monday, June 23rd. Playtika's dividend payout ratio (DPR) is 105.26%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PLTK shares. Macquarie reduced their price objective on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, February 28th. Bank of America upgraded shares of Playtika from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $6.00 to $6.50 in a research note on Wednesday, March 26th. Baird R W downgraded shares of Playtika from a "strong-buy" rating to a "hold" rating in a research note 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 report on Friday, March 7th. Finally, Morgan Stanley dropped their target price on Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $7.78.

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.