Playtika Holding Corp. (NASDAQ:PLTK) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in Playtika Holding Corp. (NASDAQ:PLTK) by 31.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,059 shares of the company’s stock after selling 25,091 shares during the quarter. JPMorgan Chase & Co.’s holdings in Playtika were worth $382,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on PLTK. Wedbush reaffirmed an “outperform” rating and set a $11.50 target price on shares of Playtika in a report on Wednesday, February 26th. Baird R W lowered shares of Playtika from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th. Macquarie lowered their price target on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, February 28th. Robert W. Baird reaffirmed a “neutral” rating and issued a $6.00 price objective (down previously from $9.00) on shares of Playtika in a report on Friday, February 28th. Finally, Citigroup decreased their price objective on shares of Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.78.

Playtika Price Performance

Shares of Playtika stock opened at $5.28 on Friday. The business has a 50 day simple moving average of $5.02 and a two-hundred day simple moving average of $6.71. The stock has a market capitalization of $1.98 billion, a P/E ratio of 9.10, a PEG ratio of 1.69 and a beta of 0.92. Playtika Holding Corp. has a 12 month low of $3.97 and a 12 month high of $9.16.

Playtika Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.40 dividend on an annualized basis and a yield of 7.58%. Playtika’s payout ratio is currently 90.91%.

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.