Mirae Asset Global Investments Co. Ltd. Boosts Stake in Playtika Holding Corp. (NASDAQ:PLTK)

Mirae Asset Global Investments Co. Ltd. increased its position in Playtika Holding Corp. (NASDAQ:PLTK) by 3.5% in the 4th quarter, Holdings Channel reports. The firm owned 85,833 shares of the company’s stock after buying an additional 2,872 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Playtika were worth $748,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC lifted its holdings in shares of Playtika by 1,215.1% in the 3rd quarter. CWM LLC now owns 2,959 shares of the company’s stock valued at $28,000 after purchasing an additional 2,734 shares during the last quarter. Quent Capital LLC increased its position in Playtika by 109.1% in the 4th quarter. Quent Capital LLC now owns 3,092 shares of the company’s stock valued at $27,000 after acquiring an additional 1,613 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new position in Playtika in the 3rd quarter valued at about $33,000. International Assets Investment Management LLC increased its position in Playtika by 772.0% in the 4th quarter. International Assets Investment Management LLC now owns 3,924 shares of the company’s stock valued at $34,000 after acquiring an additional 3,474 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Playtika by 62.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,408 shares of the company’s stock valued at $80,000 after acquiring an additional 3,225 shares during the period. 11.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. The Goldman Sachs Group dropped their price target on Playtika from $11.00 to $8.75 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. HSBC cut Playtika from a “buy” rating to a “hold” rating and dropped their target price for the stock from $14.90 to $8.00 in a research report on Monday, January 22nd. Stifel Nicolaus dropped their target price on Playtika from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Wedbush dropped their target price on Playtika from $14.75 to $11.50 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Finally, Bank of America cut Playtika from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $11.00 to $8.00 in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.43.

Playtika Trading Up 1.0 %

Shares of NASDAQ:PLTK opened at $7.12 on Thursday. The company has a fifty day simple moving average of $7.10 and a 200 day simple moving average of $7.85. The firm has a market cap of $2.64 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 1.03 and a beta of 0.84. Playtika Holding Corp. has a 12-month low of $6.25 and a 12-month high of $12.90.

Playtika (NASDAQ:PLTK) last released its earnings results on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.07). Playtika had a net margin of 9.15% and a negative return on equity of 81.85%. The business had revenue of $637.90 million for the quarter, compared to the consensus estimate of $630.26 million. During the same quarter in the previous year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities research analysts forecast that Playtika Holding Corp. will post 0.69 EPS for the current fiscal year.

Playtika Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.40 annualized dividend and a yield of 5.62%. Playtika’s payout ratio is 62.50%.

About Playtika

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.