Playtika (NASDAQ:PLTK) Trading Down 5.6%

Playtika Holding Corp. (NASDAQ:PLTK) fell 5.6% during mid-day trading on Monday . The company traded as low as $7.41 and last traded at $7.43. 459,761 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 974,904 shares. The stock had previously closed at $7.87.

Analyst Ratings Changes

Several research firms have commented on PLTK. Roth Mkm raised their price objective on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. Robert W. Baird lifted their price objective on Playtika from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, May 10th. UBS Group started coverage on shares of Playtika in a research note on Monday, June 24th. They issued a “neutral” rating and a $8.50 price objective for the company. Finally, Macquarie downgraded shares of Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research report on Thursday, June 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.06.

Playtika Price Performance

The company’s fifty day simple moving average is $8.24 and its 200-day simple moving average is $7.75. The firm has a market capitalization of $2.74 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 1.44 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last announced its earnings results on Thursday, May 9th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Playtika had a negative return on equity of 94.21% and a net margin of 7.96%. The firm had revenue of $651.20 million for the quarter, compared to the consensus estimate of $642.38 million. As a group, equities research analysts anticipate that Playtika Holding Corp. will post 0.67 earnings per share for the current fiscal year.

Playtika Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 5.42%. The ex-dividend date of this dividend is Friday, June 21st. Playtika’s dividend payout ratio is presently 72.73%.

Insider Buying and Selling at Playtika

In other news, insider Gili Brudno sold 67,250 shares of Playtika stock in a transaction on Monday, May 13th. The shares were sold at an average price of $8.72, for a total transaction of $586,420.00. Following the completion of the sale, the insider now directly owns 201,750 shares in the company, valued at $1,759,260. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Playtika

A number of institutional investors have recently bought and sold shares of PLTK. LSV Asset Management increased its stake in shares of Playtika by 3.4% in the first quarter. LSV Asset Management now owns 7,756,485 shares of the company’s stock worth $54,683,000 after acquiring an additional 256,353 shares during the period. AQR Capital Management LLC grew its position in Playtika by 2.1% during the 3rd quarter. AQR Capital Management LLC now owns 5,093,530 shares of the company’s stock worth $49,051,000 after purchasing an additional 106,916 shares during the period. Pacer Advisors Inc. raised its stake in shares of Playtika by 41.9% during the 4th quarter. Pacer Advisors Inc. now owns 4,494,488 shares of the company’s stock valued at $39,192,000 after buying an additional 1,327,596 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Playtika by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company’s stock valued at $25,141,000 after buying an additional 76,948 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Playtika by 185.1% in the third quarter. The Manufacturers Life Insurance Company now owns 2,416,137 shares of the company’s stock worth $23,267,000 after buying an additional 1,568,593 shares during the last quarter. 11.94% of the stock is owned by hedge funds and other institutional investors.

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.