Tidal Investments LLC Invests $1.90 Million in Playtika Holding Corp. (NASDAQ:PLTK)

Tidal Investments LLC acquired a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 268,748 shares of the company’s stock, valued at approximately $1,895,000. Tidal Investments LLC owned about 0.07% of Playtika at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alaska Permanent Fund Corp lifted its stake in Playtika by 362.8% during the first quarter. Alaska Permanent Fund Corp now owns 225,673 shares of the company’s stock worth $1,591,000 after purchasing an additional 176,913 shares during the last quarter. LSV Asset Management grew its holdings in Playtika by 3.4% during 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. Massachusetts Financial Services Co. MA acquired a new position in Playtika during the fourth quarter worth $1,372,000. Russell Investments Group Ltd. grew its holdings in Playtika by 0.8% during the first quarter. Russell Investments Group Ltd. now owns 184,926 shares of the company’s stock worth $1,304,000 after acquiring an additional 1,495 shares during the period. Finally, Quest Partners LLC acquired a new stake in Playtika in the fourth quarter valued at $353,000. 11.94% of the stock is owned by institutional investors and hedge funds.

Playtika Trading Down 2.7 %

Shares of Playtika stock traded down $0.20 on Friday, reaching $7.11. 55,441 shares of the company were exchanged, compared to its average volume of 927,682. The stock has a fifty day moving average price of $8.04 and a 200-day moving average price of $7.64. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 1.12 and a beta of 0.85. Playtika Holding Corp. has a fifty-two week low of $6.25 and a fifty-two week high of $11.42.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $651.20 million for the quarter, compared to analyst estimates of $642.38 million. Playtika had a negative return on equity of 94.21% and a net margin of 7.96%. On average, equities analysts anticipate that Playtika Holding Corp. will post 0.66 earnings per share for the current fiscal year.

Playtika Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 21st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 5.63%. The ex-dividend date was Friday, June 21st. Playtika’s payout ratio is 72.73%.

Insider Activity at Playtika

In other Playtika news, insider Gili Brudno sold 67,250 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $8.72, for a total value of $586,420.00. Following the transaction, the insider now owns 201,750 shares in the company, valued at $1,759,260. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PLTK. UBS Group assumed coverage on Playtika in a research report on Monday, June 24th. They issued a “neutral” rating and a $8.50 price objective on the stock. Morgan Stanley lifted their price objective on Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Robert W. Baird boosted their price target on Playtika from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Roth Mkm boosted their price objective on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, May 10th. Finally, Macquarie lowered Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research report on Thursday, June 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.12.

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.