Playtika Holding Corp. (NASDAQ:PLTK) Stake Cut by AlphaQuest LLC

AlphaQuest LLC cut its position in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 50.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,287 shares of the company’s stock after selling 81,962 shares during the quarter. AlphaQuest LLC’s holdings in Playtika were worth $550,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PLTK. GAMMA Investing LLC lifted 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 buying an additional 2,910 shares during the last quarter. Versant Capital Management Inc lifted its stake in Playtika by 148.7% in 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 stake in Playtika in the third quarter valued at $56,000. R Squared Ltd bought a new stake in Playtika in the fourth quarter valued at $57,000. Finally, KBC Group NV lifted its stake in Playtika by 19.3% in 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. 11.94% of the stock is currently owned by institutional investors.

Playtika Trading Up 0.4 %

Shares of Playtika stock opened at $4.80 on Thursday. The company’s 50-day moving average price is $6.73 and its two-hundred day moving average price is $7.42. The stock has a market cap of $1.80 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. Playtika Holding Corp. has a 52 week low of $4.67 and a 52 week high of $9.16.

Playtika Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, March 21st. This represents a $0.40 annualized dividend and a yield of 8.33%. Playtika’s payout ratio is presently 90.91%.

Insiders Place Their Bets

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $7.54, for a total transaction of $572,459.42. Following the sale, the insider now owns 200,554,660 shares in the company, valued at approximately $1,512,182,136.40. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on PLTK. Baird R W lowered Playtika from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th. Wedbush reissued an “outperform” rating and set a $11.50 price target on shares of Playtika in a report on Wednesday, February 26th. Macquarie lowered their price target on Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, February 28th. Citigroup lowered their price target on Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, Robert W. Baird reissued a “neutral” rating and set a $6.00 price target (down from $9.00) on shares of Playtika in a report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Playtika currently has a consensus rating of “Hold” and an average target price of $8.32.

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.