Raymond James & Associates Boosts Stake in Playtika Holding Corp. (NASDAQ:PLTK)

Raymond James & Associates increased its position in Playtika Holding Corp. (NASDAQ:PLTK) by 14.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 87,097 shares of the company’s stock after purchasing an additional 11,286 shares during the quarter. Raymond James & Associates’ holdings in Playtika were worth $759,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PLTK. National Bank of Canada FI raised its holdings in Playtika by 66,157.2% in the third quarter. National Bank of Canada FI now owns 165,643 shares of the company’s stock worth $1,603,000 after purchasing an additional 165,393 shares in the last quarter. CWM LLC lifted its position in Playtika by 1,215.1% during the 3rd quarter. CWM LLC now owns 2,959 shares of the company’s stock valued at $28,000 after acquiring an additional 2,734 shares during the period. SG Americas Securities LLC boosted its stake in Playtika by 127.9% during the third quarter. SG Americas Securities LLC now owns 179,053 shares of the company’s stock worth $1,724,000 after acquiring an additional 100,483 shares in the last quarter. ARK Investment Management LLC boosted its stake in Playtika by 1.0% during the third quarter. ARK Investment Management LLC now owns 175,100 shares of the company’s stock worth $1,686,000 after acquiring an additional 1,683 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC grew its holdings in Playtika by 112.7% in the third quarter. Measured Wealth Private Client Group LLC now owns 27,878 shares of the company’s stock worth $268,000 after purchasing an additional 14,774 shares during the period. 11.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on PLTK. Stifel Nicolaus dropped their price target on Playtika from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. HSBC lowered Playtika from a “buy” rating to a “hold” rating and lowered their price target for the stock from $14.90 to $8.00 in a research report on Monday, January 22nd. Bank of America downgraded shares of Playtika from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $11.00 to $8.00 in a research report on Thursday, January 18th. Morgan Stanley decreased their target price on shares of Playtika from $10.00 to $7.50 and set an “equal weight” rating for the company in a report on Tuesday, February 27th. Finally, The Goldman Sachs Group cut their price target on shares of Playtika from $11.00 to $8.75 and set a “neutral” rating on the stock in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Playtika presently has a consensus rating of “Hold” and a consensus target price of $10.43.

Playtika Trading Up 1.4 %

Shares of PLTK opened at $7.05 on Wednesday. The firm has a market cap of $2.61 billion, a PE ratio of 11.02, a P/E/G ratio of 1.02 and a beta of 0.84. Playtika Holding Corp. has a 1-year low of $6.25 and a 1-year high of $12.90. The firm has a fifty day simple moving average of $7.11 and a two-hundred day simple moving average of $7.86.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The firm had revenue of $637.90 million for the quarter, compared to analysts’ expectations of $630.26 million. Playtika had a net margin of 9.15% and a negative return on equity of 81.85%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 EPS. As a group, research analysts forecast that Playtika Holding Corp. will post 0.69 EPS for the current fiscal year.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 22nd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date of this dividend was Thursday, March 21st. Playtika’s payout ratio is 62.50%.

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.