Barclays PLC Sells 20,250 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Barclays PLC reduced its stake in Playtika Holding Corp. (NASDAQ:PLTK) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,888 shares of the company’s stock after selling 20,250 shares during the period. Barclays PLC’s holdings in Playtika were worth $992,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Covestor Ltd lifted its position in shares of Playtika by 11.4% during the 4th quarter. Covestor Ltd now owns 14,103 shares of the company’s stock valued at $98,000 after acquiring an additional 1,447 shares during the period. Sterling Capital Management LLC raised its stake in Playtika by 57.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock valued at $29,000 after purchasing an additional 1,534 shares in the last quarter. Choreo LLC lifted its position in Playtika by 14.9% during the fourth quarter. Choreo LLC now owns 12,485 shares of the company’s stock worth $90,000 after purchasing an additional 1,619 shares during the period. Invesco Ltd. grew its stake in Playtika by 3.0% during the fourth quarter. Invesco Ltd. now owns 78,390 shares of the company’s stock worth $544,000 after buying an additional 2,304 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Playtika by 146.0% in the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after buying an additional 2,910 shares during the period. Institutional investors and hedge funds own 11.94% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PLTK. Morgan Stanley cut their price target on shares of Playtika from $7.25 to $5.75 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Macquarie reduced their target price on 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 reissued a “neutral” rating and set a $6.00 price target (down previously from $9.00) on shares of Playtika in a report on Friday, February 28th. Citigroup dropped their price objective on Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research report on Friday. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7.78.

Playtika Trading Down 1.3 %

NASDAQ:PLTK opened at $5.37 on Tuesday. The stock’s 50-day moving average is $4.96 and its 200-day moving average is $6.67. Playtika Holding Corp. has a 1-year low of $3.97 and a 1-year high of $9.16. The stock has a market cap of $2.02 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91.

Playtika Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 7.45%. The ex-dividend date was Friday, March 21st. Playtika’s dividend payout ratio (DPR) 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.