Playtika Holding Corp. (NASDAQ:PLTK) Shares Bought by Ieq Capital LLC

Ieq Capital LLC lifted its stake in Playtika Holding Corp. (NASDAQ:PLTK) by 36.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 33,255 shares of the company’s stock after acquiring an additional 8,810 shares during the quarter. Ieq Capital LLC’s holdings in Playtika were worth $231,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PLTK. GAMMA Investing LLC lifted its stake in Playtika by 146.0% during the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock worth $34,000 after purchasing an additional 2,910 shares in the last quarter. Versant Capital Management Inc lifted its stake in Playtika by 148.7% during the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock worth $41,000 after acquiring an additional 3,496 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Playtika during the 3rd quarter worth about $56,000. R Squared Ltd acquired a new position in Playtika during the 4th quarter worth about $57,000. Finally, KBC Group NV lifted its stake in Playtika by 19.3% during the 3rd quarter. KBC Group NV now owns 7,820 shares of the company’s stock worth $62,000 after acquiring an additional 1,266 shares in the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PLTK. Roth Mkm increased their price target on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Robert W. Baird reiterated a “neutral” rating and set a $6.00 target price (down from $9.00) on shares of Playtika in a report on Friday. Macquarie reduced their target price on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Wedbush reiterated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Playtika has an average rating of “Hold” and an average price target of $8.21.

Insiders Place Their Bets

In other news, major shareholder Holding Uk Ltd Playtika II sold 291,508 shares of Playtika stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $8.17, for a total transaction of $2,381,620.36. Following the sale, the insider now owns 201,000,143 shares in the company, valued at approximately $1,642,171,168.31. The trade was a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 491,921 shares of company stock valued at $4,004,775. 4.80% of the stock is owned by corporate insiders.

Playtika Trading Down 7.4 %

Shares of PLTK opened at $5.28 on Friday. Playtika Holding Corp. has a twelve month low of $5.22 and a twelve month high of $9.15. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.69 and a beta of 0.92. The firm’s fifty day simple moving average is $7.02 and its 200-day simple moving average is $7.54.

Playtika Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 7.58%. The ex-dividend date is Friday, March 21st. Playtika’s dividend payout ratio (DPR) is presently 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.