Franklin Resources Inc. Purchases 66,084 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Franklin Resources Inc. raised its holdings in Playtika Holding Corp. (NASDAQ:PLTK) by 109.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 126,671 shares of the company’s stock after acquiring an additional 66,084 shares during the quarter. Franklin Resources Inc.’s holdings in Playtika were worth $879,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in Playtika by 146.0% during the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock worth $34,000 after buying an additional 2,910 shares during the last quarter. Versant Capital Management Inc lifted its position in Playtika by 148.7% in the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock valued at $41,000 after acquiring an additional 3,496 shares in the last quarter. R Squared Ltd bought a new stake in Playtika in the 4th quarter valued at approximately $57,000. Kera Capital Partners Inc. acquired a new position in Playtika during the 4th quarter worth approximately $70,000. Finally, Entropy Technologies LP bought a new position in Playtika in the fourth quarter valued at $84,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Stock Up 1.0 %

Shares of PLTK stock opened at $5.09 on Wednesday. The business has a fifty day simple moving average of $5.55 and a 200 day simple moving average of $6.92. Playtika Holding Corp. has a twelve month low of $3.97 and a twelve month high of $9.16. The company has a market cap of $1.91 billion, a P/E ratio of 8.78, a P/E/G ratio of 1.69 and a beta of 0.92.

Playtika Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were given a $0.10 dividend. The ex-dividend date was Friday, March 21st. This represents a $0.40 dividend on an annualized basis and a yield of 7.86%. Playtika’s dividend payout ratio is currently 90.91%.

Analysts Set New Price Targets

PLTK has been the subject of a number of analyst reports. Bank of America upgraded Playtika from an “underperform” rating to a “buy” rating and raised their price target for the company from $6.00 to $6.50 in a research note on Wednesday, March 26th. Wedbush reissued an “outperform” rating and set a $11.50 target price on shares of Playtika in a report on Wednesday, February 26th. Citigroup reduced their target price on shares of Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, March 7th. Macquarie decreased their price objective on Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, February 28th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $6.00 target price (down from $9.00) on shares of Playtika in a report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.09.

Playtika 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.