The Manufacturers Life Insurance Company Cuts Stock Position in Playtika Holding Corp. (NASDAQ:PLTK)

The Manufacturers Life Insurance Company lowered its position in Playtika Holding Corp. (NASDAQ:PLTKFree Report) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,384,556 shares of the company’s stock after selling 31,581 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.65% of Playtika worth $20,793,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PLTK. Quent Capital LLC grew its position in shares of Playtika by 109.1% in the 4th quarter. Quent Capital LLC now owns 3,092 shares of the company’s stock worth $27,000 after buying an additional 1,613 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Playtika in the 3rd quarter worth approximately $33,000. International Assets Investment Management LLC grew its position in Playtika by 772.0% during the 4th quarter. International Assets Investment Management LLC now owns 3,924 shares of the company’s stock worth $34,000 after purchasing an additional 3,474 shares during the last quarter. Commerce Bank purchased a new stake in Playtika during the 4th quarter worth approximately $88,000. Finally, Aigen Investment Management LP purchased a new stake in Playtika during the 4th quarter worth approximately $98,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Playtika Price Performance

PLTK opened at $8.66 on Friday. The firm has a fifty day moving average price of $7.87 and a 200 day moving average price of $7.79. Playtika Holding Corp. has a 1 year low of $6.25 and a 1 year high of $12.90. The stock has a market cap of $3.21 billion, a P/E ratio of 15.75, a P/E/G ratio of 1.65 and a beta of 0.87.

Playtika (NASDAQ:PLTKGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. Playtika had a net margin of 7.96% and a negative return on equity of 94.21%. The firm had revenue of $651.20 million during the quarter, compared to analysts’ expectations of $642.38 million. Equities analysts expect that Playtika Holding Corp. will post 0.67 EPS for the current year.

Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Friday, June 21st. Playtika’s dividend payout ratio is presently 72.73%.

Analyst Ratings Changes

PLTK has been the topic of several research analyst reports. Morgan Stanley dropped their target price on shares of Playtika from $10.00 to $7.50 and set an “equal weight” rating on the stock in a research report on Tuesday, February 27th. The Goldman Sachs Group dropped their target price on shares of Playtika from $11.00 to $8.75 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. Roth Mkm boosted their target price on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. 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. Finally, Wedbush dropped their target price on shares of Playtika from $14.75 to $11.50 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $10.30.

Check Out Our Latest Analysis on PLTK

Insiders Place Their Bets

In other Playtika news, insider Gili Brudno sold 67,250 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $8.72, for a total transaction of $586,420.00. Following the completion of the transaction, the insider now directly owns 201,750 shares in the company, valued at $1,759,260. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.80% of the stock is currently owned by company insiders.

Playtika Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Playtika (NASDAQ:PLTK)

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