Edgestream Partners L.P. Purchases 229,933 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Edgestream Partners L.P. boosted its position in Playtika Holding Corp. (NASDAQ:PLTK) by 123.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 415,901 shares of the company’s stock after acquiring an additional 229,933 shares during the quarter. Edgestream Partners L.P. owned 0.11% of Playtika worth $2,886,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Playtika by 146.0% in the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after acquiring an additional 2,910 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Playtika by 148.7% during the fourth quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock valued at $41,000 after buying an additional 3,496 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Playtika during the third quarter valued at about $56,000. KBC Group NV grew its stake in shares of Playtika by 19.3% during the third quarter. KBC Group NV now owns 7,820 shares of the company’s stock valued at $62,000 after buying an additional 1,266 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Playtika during the third quarter valued at about $62,000. Institutional investors own 11.94% of the company’s stock.

Playtika Price Performance

NASDAQ PLTK opened at $5.20 on Monday. The stock has a market capitalization of $1.95 billion, a PE ratio of 8.97, a PEG ratio of 1.69 and a beta of 0.98. Playtika Holding Corp. has a 1 year low of $4.87 and a 1 year high of $9.15. The business’s 50-day moving average is $6.86 and its 200 day moving average is $7.48.

Playtika Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a $0.10 dividend. The ex-dividend date is Friday, March 21st. This represents a $0.40 annualized dividend and a dividend yield of 7.69%. Playtika’s payout ratio is presently 90.91%.

Insider Buying and Selling

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $7.54, for a total value of $572,459.42. Following the completion of the sale, the insider now directly owns 200,554,660 shares in the company, valued at $1,512,182,136.40. This trade represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 4.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PLTK shares. Wedbush reaffirmed an “outperform” rating and set a $11.50 price objective on shares of Playtika in a research note on Wednesday, February 26th. Macquarie reduced 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. Robert W. Baird reaffirmed a “neutral” rating and set a $6.00 price objective (down from $9.00) on shares of Playtika in a research note on Friday, February 28th. Citigroup reduced their price objective on Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Baird R W cut Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Playtika presently has an average rating of “Hold” and a consensus target price of $8.32.

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.