Playtika Holding Corp. (NASDAQ:PLTK) Stock Holdings Decreased by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its position in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 17.8% during the fourth quarter, Holdings Channel reports. The fund owned 26,136 shares of the company’s stock after selling 5,673 shares during the quarter. Sanctuary Advisors LLC’s holdings in Playtika were worth $193,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC raised its stake in Playtika by 692.0% during the 3rd quarter. International Assets Investment Management LLC now owns 11,484 shares of the company’s stock valued at $91,000 after purchasing an additional 10,034 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Playtika by 170.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 53,530 shares of the company’s stock valued at $424,000 after buying an additional 33,711 shares during the period. Capital Performance Advisors LLP acquired a new position in Playtika during the third quarter valued at $62,000. MQS Management LLC purchased a new stake in Playtika in the 3rd quarter worth about $135,000. Finally, KBC Group NV boosted its position 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 during the period. 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 75,923 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $7.54, for a total value of $572,459.42. Following the completion of the sale, the insider now directly owns 200,554,660 shares in the company, valued at approximately $1,512,182,136.40. The trade was a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.80% of the company’s stock.

Playtika Stock Down 1.6 %

Shares of PLTK opened at $5.06 on Thursday. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. The company’s fifty day moving average is $6.92 and its 200-day moving average is $7.51. Playtika Holding Corp. has a 12 month low of $4.96 and a 12 month high of $9.15.

Playtika Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.40 annualized dividend and a yield of 7.91%. Playtika’s dividend payout ratio (DPR) is currently 90.91%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PLTK shares. Macquarie reduced their price target on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, February 28th. Baird R W downgraded shares of Playtika from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th. Robert W. Baird restated a “neutral” rating and set a $6.00 price target (down from $9.00) on shares of Playtika in a report on Friday, February 28th. Roth Mkm increased their price objective on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Wedbush restated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research note on Wednesday, February 26th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Playtika presently has a consensus rating of “Hold” and an average target price of $8.21.

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.