Massachusetts Financial Services Co. MA Cuts Position in Playtika Holding Corp. (NASDAQ:PLTK)

Massachusetts Financial Services Co. MA lowered its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,608 shares of the company’s stock after selling 3,842 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Playtika were worth $1,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Playtika by 66.6% during the second quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company’s stock worth $61,672,000 after purchasing an additional 3,132,272 shares in the last quarter. Pacer Advisors Inc. increased its position in Playtika by 19.7% during the 2nd quarter. Pacer Advisors Inc. now owns 9,420,312 shares of the company’s stock valued at $74,138,000 after buying an additional 1,552,606 shares in the last quarter. Tidal Investments LLC purchased a new stake in Playtika in the first quarter valued at about $1,895,000. Quest Partners LLC boosted its holdings in Playtika by 705.5% in the third quarter. Quest Partners LLC now owns 161,249 shares of the company’s stock worth $1,277,000 after acquiring an additional 141,231 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC grew its stake in shares of Playtika by 365.4% during the second quarter. Susquehanna Fundamental Investments LLC now owns 171,603 shares of the company’s stock worth $1,351,000 after acquiring an additional 134,732 shares during the last quarter. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $8.69, for a total value of $845,241.54. Following the completion of the sale, the insider now directly owns 202,968,069 shares in the company, valued at $1,763,792,519.61. The trade was a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on PLTK. Wedbush reiterated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research note on Thursday, September 19th. Macquarie reiterated a “neutral” rating and set a $7.00 price objective on shares of Playtika in a research note on Friday, November 8th. Finally, Roth Mkm upped their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.00.

Playtika Stock Performance

NASDAQ PLTK opened at $8.33 on Thursday. Playtika Holding Corp. has a fifty-two week low of $6.25 and a fifty-two week high of $9.23. The firm has a market capitalization of $3.10 billion, a P/E ratio of 14.38, a PEG ratio of 2.22 and a beta of 0.85. The stock has a 50-day simple moving average of $7.96 and a two-hundred day simple moving average of $7.89.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The company had revenue of $620.80 million during the quarter, compared to analyst estimates of $622.46 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share. As a group, analysts forecast that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a yield of 4.80%. Playtika’s payout ratio is 68.97%.

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.