Playtika (NASDAQ:PLTK) Sets New 52-Week Low – Here’s What Happened

by · The Cerbat Gem

Shares of Playtika Holding Corp. (NASDAQ:PLTK – Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $4.67 and last traded at $4.74, with a volume of 919498 shares trading hands. The stock had previously closed at $5.02.

Analyst Ratings Changes

A number of research firms have recently commented on PLTK. Robert W. Baird reissued a “neutral” rating and issued a $6.00 price target (down previously from $9.00) on shares of Playtika in a research report on Friday, February 28th. Macquarie decreased their price target on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, February 28th. Baird R W cut shares of Playtika from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th. Wedbush restated an “outperform” rating and set a $11.50 price target on shares of Playtika in a report on Wednesday, February 26th. Finally, Citigroup decreased their price target on shares of Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, March 7th. Six equities 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, the stock currently has an average rating of “Hold” and a consensus price target of $8.32.

View Our Latest Stock Analysis on PLTK

Playtika Stock Down 3.5 %

The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. The company’s 50-day moving average is $6.73 and its 200-day moving average is $7.42.

Playtika Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.64%. The ex-dividend date of this dividend is Friday, March 21st. Playtika’s dividend payout ratio (DPR) is presently 90.91%.

Insider Buying and Selling

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

Institutional Trading of Playtika

Several hedge funds have recently modified their holdings of PLTK. Mackenzie Financial Corp grew its stake in shares of Playtika by 314.3% during the fourth quarter. Mackenzie Financial Corp now owns 49,596 shares of the company’s stock valued at $344,000 after purchasing an additional 37,625 shares during the last quarter. Neo Ivy Capital Management grew its stake in shares of Playtika by 756.9% during the fourth quarter. Neo Ivy Capital Management now owns 60,963 shares of the company’s stock valued at $423,000 after purchasing an additional 53,849 shares during the last quarter. CSS LLC IL grew its stake in shares of Playtika by 78.9% during the fourth quarter. CSS LLC IL now owns 50,233 shares of the company’s stock valued at $349,000 after purchasing an additional 22,161 shares during the last quarter. Woodline Partners LP grew its stake in shares of Playtika by 41.4% during the fourth quarter. Woodline Partners LP now owns 449,877 shares of the company’s stock valued at $3,122,000 after purchasing an additional 131,669 shares during the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Playtika by 411.3% during the fourth quarter. Two Sigma Advisers LP now owns 58,800 shares of the company’s stock valued at $408,000 after purchasing an additional 47,300 shares during the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Company Profile

(Get Free Report)

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.

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