Voya Investment Management LLC Buys New Shares in Playtika Holding Corp. (NASDAQ:PLTK)

Voya Investment Management LLC purchased a new stake in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 168,611 shares of the company's stock, valued at approximately $1,170,000.

Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in Playtika by 1.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 203,853 shares of the company's stock worth $1,416,000 after buying an additional 3,025 shares during the period. Dark Forest Capital Management LP increased its position in Playtika by 438.9% in the 4th quarter. Dark Forest Capital Management LP now owns 114,891 shares of the company's stock valued at $797,000 after buying an additional 93,573 shares in the last quarter. State of Tennessee Department of Treasury increased its holdings in shares of Playtika by 7.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 72,007 shares of the company's stock valued at $500,000 after acquiring an additional 5,171 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Playtika by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company's stock worth $3,726,000 after buying an additional 1,639 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Playtika by 26.9% in the 4th quarter. Marshall Wace LLP now owns 455,779 shares of the company's stock valued at $3,163,000 after acquiring an additional 96,576 shares in the last quarter. Institutional investors own 11.94% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on PLTK shares. Macquarie dropped their price objective on Playtika from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Friday, February 28th. Wedbush restated an "outperform" rating and set a $11.50 price target on shares of Playtika in a report on Friday, May 2nd. Citigroup decreased their price objective on shares of Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Robert W. Baird reaffirmed a "neutral" rating and issued a $6.00 target price (down from $9.00) on shares of Playtika in a report on Friday, February 28th. Finally, Baird R W lowered Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $7.78.

Playtika Stock Up 0.8 %

PLTK traded up $0.04 during trading hours on Friday, hitting $5.06. The stock had a trading volume of 1,216,565 shares, compared to its average volume of 1,147,913. Playtika Holding Corp. has a 1 year low of $3.97 and a 1 year high of $9.16. The company's fifty day simple moving average is $4.96 and its 200 day simple moving average is $6.63. The stock has a market cap of $1.90 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91.

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

Playtika Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, June 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.91%. Playtika's dividend payout ratio (DPR) is presently 90.91%.

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.