Renaissance Technologies LLC Raises Stock Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

Renaissance Technologies LLC lifted its holdings in Playtika Holding Corp. (NASDAQ:PLTK – Get Rating) by 54.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,498,600 shares of the company’s stock after buying an additional 529,400 shares during the quarter. Renaissance Technologies LLC owned approximately 0.41% of Playtika worth $14,072,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Nisa Investment Advisors LLC purchased a new position in Playtika during the 3rd quarter worth $27,000. Captrust Financial Advisors increased its holdings in shares of Playtika by 784.7% in the 2nd quarter. Captrust Financial Advisors now owns 3,362 shares of the company’s stock valued at $45,000 after acquiring an additional 2,982 shares during the period. Boston Partners purchased a new position in shares of Playtika in the 3rd quarter valued at $51,000. IFP Advisors Inc purchased a new position in shares of Playtika in the 3rd quarter valued at $76,000. Finally, Meritage Portfolio Management purchased a new position in shares of Playtika in the 3rd quarter valued at $101,000.

Playtika Stock Performance

Shares of PLTK opened at $10.21 on Friday. The stock has a 50-day moving average of $9.70 and a two-hundred day moving average of $9.74. Playtika Holding Corp. has a one year low of $7.81 and a one year high of $20.31. The stock has a market cap of $3.73 billion, a P/E ratio of 14.59, a P/E/G ratio of 1.27 and a beta of 0.65.

Playtika (NASDAQ:PLTK – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.08. The business had revenue of $631.20 million during the quarter, compared to analysts’ expectations of $627.54 million. Playtika had a negative return on equity of 101.86% and a net margin of 10.53%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 EPS. Analysts predict that Playtika Holding Corp. will post 0.79 EPS for the current fiscal year.

Insider Activity

In other news, Director Dana Rebecca Gross sold 15,262 shares of the business’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $8.58, for a total value of $130,947.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PLTK shares. Morgan Stanley cut their price target on Playtika from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 18th. Citigroup lowered their price objective on Playtika from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, December 19th. Bank of America raised Playtika from an “underperform” rating to a “neutral” rating and set a $9.00 price objective for the company in a research report on Tuesday, December 13th. Credit Suisse Group raised their price objective on Playtika from $18.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Cowen lowered their price objective on Playtika to $29.00 in a research report on Tuesday, November 15th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Playtika currently has a consensus rating of “Hold” and a consensus target price of $15.65.

Playtika Profile

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Playtika Holding Corp. develops mobile games in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company owns a portfolio of casual and casino-themed games. It distributes its games to the end customer through various web and mobile platforms, such as Apple, Facebook, Google, and other web and mobile platforms and its own proprietary platforms.