Treasurer of the State of North Carolina lessened its position in shares of Playtika Holding Corp. (NASDAQ:PLTK – Get Rating) by 47.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,633 shares of the company’s stock after selling 43,542 shares during the period. Treasurer of the State of North Carolina’s holdings in Playtika were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of the business. Senvest Management LLC lifted its position in shares of Playtika by 2.5% during the 3rd quarter. Senvest Management LLC now owns 6,724,067 shares of the company’s stock worth $63,139,000 after buying an additional 165,000 shares during the last quarter. Barclays PLC lifted its stake in Playtika by 1,250.1% in the 3rd quarter. Barclays PLC now owns 3,037,213 shares of the company’s stock valued at $28,519,000 after purchasing an additional 2,812,246 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Playtika by 36.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,930,258 shares of the company’s stock valued at $16,426,000 after purchasing an additional 515,898 shares during the last quarter. Taikang Asset Management Hong Kong Co Ltd bought a new position in Playtika in the 3rd quarter valued at approximately $121,965,000. Finally, Renaissance Technologies LLC lifted its stake in Playtika by 54.6% in the 3rd quarter. Renaissance Technologies LLC now owns 1,498,600 shares of the company’s stock valued at $14,072,000 after purchasing an additional 529,400 shares during the last quarter.
Insiders Place Their Bets
In other Playtika news, major shareholder On Chau sold 500,000 shares of Playtika stock in a transaction that occurred on Wednesday, March 22nd. The stock was sold at an average price of $10.49, for a total value of $5,245,000.00. Following the completion of the sale, the insider now directly owns 81,310,506 shares in the company, valued at $852,947,207.94. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 79,810,506 shares of company stock worth $635,919,313. 3.60% of the stock is owned by corporate insiders.
Playtika Stock Down 1.4 %
Playtika (NASDAQ:PLTK – Get Rating) last announced its earnings results on Thursday, May 4th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Playtika had a net margin of 10.64% and a negative return on equity of 84.87%. The business had revenue of $656.20 million during the quarter, compared to the consensus estimate of $646.46 million. During the same quarter last year, the firm earned $0.20 earnings per share. Playtika’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, equities analysts expect that Playtika Holding Corp. will post 0.87 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Citigroup assumed coverage on shares of Playtika in a research note on Monday, May 1st. They issued a “neutral” rating for the company. Bank of America downgraded Playtika from a “neutral” rating to an “underperform” rating and set a $10.00 target price for the company. in a research report on Thursday, April 13th. Roth Capital reiterated a “neutral” rating on shares of Playtika in a research report on Tuesday, February 28th. Credit Suisse Group increased their target price on Playtika from $18.00 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, March 1st. Finally, Robert W. Baird dropped their target price on Playtika from $14.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $15.73.
Playtika Company Profile
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.
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