Playtika Holding Corp. (NASDAQ:PLTK) Receives Average Recommendation of “Hold” from Brokerages

Playtika Holding Corp. (NASDAQ:PLTK) has been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $8.32.

A number of analysts have weighed in on PLTK shares. Citigroup lowered their target price on Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, March 7th. Wedbush restated an “outperform” rating and set a $11.50 price objective on shares of Playtika in a research note on Wednesday, February 26th. Baird R W lowered Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Robert W. Baird reiterated a “neutral” rating and issued a $6.00 target price (down from $9.00) on shares of Playtika in a report on Friday, February 28th. Finally, 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.

Playtika Stock Performance

NASDAQ:PLTK opened at $4.01 on Friday. The firm has a 50-day simple moving average of $6.39 and a 200-day simple moving average of $7.27. Playtika has a one year low of $3.97 and a one year high of $9.16. The firm has a market cap of $1.51 billion, a P/E ratio of 6.91, a P/E/G ratio of 1.69 and a beta of 0.98.

Playtika Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.98%. Playtika’s payout ratio is 90.91%.

Institutional Trading of Playtika

A number of institutional investors have recently bought and sold shares of PLTK. Allspring Global Investments Holdings LLC raised its holdings in shares of Playtika by 23,814.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company’s stock worth $4,592,000 after buying an additional 663,700 shares during the last quarter. State Street Corp raised its stake in Playtika by 12.9% in the 3rd quarter. State Street Corp now owns 1,317,709 shares of the company’s stock worth $10,564,000 after acquiring an additional 150,878 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Playtika by 14.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,137,595 shares of the company’s stock worth $9,010,000 after acquiring an additional 142,112 shares during the period. JPMorgan Chase & Co. lifted its position in Playtika by 102.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 80,150 shares of the company’s stock worth $635,000 after acquiring an additional 40,604 shares during the period. Finally, SG Americas Securities LLC grew its stake in Playtika by 76.2% during the 4th quarter. SG Americas Securities LLC now owns 175,008 shares of the company’s stock valued at $1,215,000 after purchasing an additional 75,702 shares during the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Playtika Company 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.