Playtika Holding Corp. (NASDAQ:PLTK) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its position in Playtika Holding Corp. (NASDAQ:PLTK) by 316.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,898 shares of the company’s stock after buying an additional 12,843 shares during the period. Tower Research Capital LLC TRC’s holdings in Playtika were worth $191,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Captrust Financial Advisors grew its position in shares of Playtika by 784.7% during 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. Amundi grew its position in shares of Playtika by 4,125.9% during the 4th quarter. Amundi now owns 6,212 shares of the company’s stock valued at $59,000 after acquiring an additional 6,065 shares during the period. Wells Fargo & Company MN grew its position in shares of Playtika by 72.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,960 shares of the company’s stock valued at $76,000 after acquiring an additional 3,776 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in Playtika by 91.8% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,904 shares of the company’s stock valued at $108,000 after acquiring an additional 4,740 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Playtika in the 4th quarter valued at $115,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

Wall Street Analyst Weigh In

PLTK has been the topic of a number of research analyst reports. Credit Suisse Group reissued an “outperform” rating and issued a $19.00 price target on shares of Playtika in a research note on Wednesday, August 9th. 3M reiterated an “initiates” rating on shares of Playtika in a report on Tuesday, June 27th. Citigroup started coverage on Playtika in a report on Monday, May 1st. They issued a “neutral” rating on the stock. Wedbush reaffirmed an “outperform” rating and set a $14.75 target price on shares of Playtika in a research note on Tuesday, August 8th. Finally, HSBC started coverage on shares of Playtika in a research note on Tuesday, July 25th. They set a “buy” rating and a $15.80 target price on the stock. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.55.

Insiders Place Their Bets

In other Playtika news, major shareholder On Chau sold 400,000 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $11.89, for a total transaction of $4,756,000.00. Following the transaction, the insider now directly owns 79,910,506 shares in the company, valued at $950,135,916.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.20% of the stock is owned by insiders.

Playtika Trading Down 4.2 %

Shares of PLTK stock opened at $9.38 on Tuesday. The company’s 50-day moving average price is $11.28 and its 200-day moving average price is $10.77. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.13 and a beta of 0.83. Playtika Holding Corp. has a twelve month low of $7.81 and a twelve month high of $12.90.

Playtika (NASDAQ:PLTK) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Playtika had a negative return on equity of 86.29% and a net margin of 12.24%. The firm had revenue of $642.80 million for the quarter, compared to analysts’ expectations of $651.25 million. During the same period in the prior year, the firm posted $0.09 earnings per share. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, equities research analysts predict that Playtika Holding Corp. will post 0.86 EPS for the current year.

Playtika Company Profile

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States 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 direct-to-consumer platforms.