New York State Common Retirement Fund Boosts Stock Position in Playtika Holding Corp. (NASDAQ:PLTK)

New York State Common Retirement Fund raised its stake in Playtika Holding Corp. (NASDAQ:PLTK) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 55,451 shares of the company’s stock after purchasing an additional 6,551 shares during the quarter. New York State Common Retirement Fund’s holdings in Playtika were worth $484,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. UBS Group AG grew its position in Playtika by 86.3% in the 3rd quarter. UBS Group AG now owns 289,717 shares of the company’s stock valued at $2,790,000 after buying an additional 134,195 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Playtika by 185.1% in the third quarter. The Manufacturers Life Insurance Company now owns 2,416,137 shares of the company’s stock valued at $23,267,000 after acquiring an additional 1,568,593 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in shares of Playtika during the fourth quarter worth about $102,000. Campbell & CO Investment Adviser LLC purchased a new position in Playtika during the third quarter worth about $990,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Playtika in the third quarter valued at about $966,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

Analyst Upgrades and Downgrades

PLTK has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their target price on Playtika from $11.00 to $8.75 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. Stifel Nicolaus cut their price objective on Playtika from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Robert W. Baird boosted their target price on shares of Playtika from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. HSBC downgraded shares of Playtika from a “buy” rating to a “hold” rating and cut their price target for the company from $14.90 to $8.00 in a report on Monday, January 22nd. Finally, Wedbush decreased their price objective on shares of Playtika from $14.75 to $11.50 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Playtika has an average rating of “Hold” and an average target price of $10.30.

Insider Activity at Playtika

In other Playtika news, insider Gili Brudno sold 67,250 shares of Playtika stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $8.72, for a total value of $586,420.00. Following the completion of the sale, the insider now directly owns 201,750 shares of the company’s stock, valued at approximately $1,759,260. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.20% of the company’s stock.

Playtika Price Performance

Shares of PLTK opened at $8.87 on Wednesday. Playtika Holding Corp. has a 1-year low of $6.25 and a 1-year high of $12.90. The firm has a 50 day simple moving average of $7.25 and a 200-day simple moving average of $7.72. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 1.27 and a beta of 0.79.

Playtika (NASDAQ:PLTK) last released its quarterly earnings results on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The company had revenue of $637.90 million during the quarter, compared to analyst estimates of $630.26 million. Playtika had a negative return on equity of 94.21% and a net margin of 7.96%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share. On average, equities analysts expect that Playtika Holding Corp. will post 0.69 earnings per share for the current fiscal year.

Playtika Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, June 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.51%. Playtika’s dividend payout ratio (DPR) is presently 72.73%.

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.