Invesco Ltd. Has $544,000 Stake in Playtika Holding Corp. (NASDAQ:PLTK)

Invesco Ltd. raised its stake in Playtika Holding Corp. (NASDAQ:PLTK) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,390 shares of the company’s stock after acquiring an additional 2,304 shares during the period. Invesco Ltd.’s holdings in Playtika were worth $544,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PLTK. Arrowstreet Capital Limited Partnership grew its holdings in shares of Playtika by 61.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,923,616 shares of the company’s stock worth $20,290,000 after purchasing an additional 1,109,594 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Playtika by 23,814.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company’s stock valued at $4,592,000 after buying an additional 663,700 shares in the last quarter. Edgestream Partners L.P. boosted its position in Playtika by 123.6% in the fourth quarter. Edgestream Partners L.P. now owns 415,901 shares of the company’s stock valued at $2,886,000 after buying an additional 229,933 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Playtika by 128.3% during the fourth quarter. Bank of New York Mellon Corp now owns 360,086 shares of the company’s stock worth $2,499,000 after buying an additional 202,391 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Playtika in the fourth quarter valued at approximately $755,000. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on PLTK shares. Bank of America upgraded Playtika from an “underperform” rating to a “buy” rating and increased their price target for the stock from $6.00 to $6.50 in a research report on Wednesday, March 26th. Wedbush restated an “outperform” rating and set a $11.50 target price on shares of Playtika in a report on Friday. Citigroup cut their price target on 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 shares of 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 issued a $6.00 target price (down from $9.00) on shares of Playtika in a research note on Friday, February 28th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.78.

Playtika Stock Up 3.0 %

Shares of PLTK stock opened at $5.44 on Friday. Playtika Holding Corp. has a 12 month low of $3.97 and a 12 month high of $9.16. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 1.69 and a beta of 0.92. The stock has a 50-day moving average price of $4.99 and a 200 day moving average price of $6.69.

Playtika Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date was Friday, March 21st. Playtika’s dividend payout ratio (DPR) is 90.91%.

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.