Playtika Holding Corp. (NASDAQ:PLTK) Given Average Rating of “Hold” by Brokerages

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have earned a consensus rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $8.09.

PLTK has been the subject of several research reports. Citigroup lowered their price objective on shares of Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Baird R W lowered shares of Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Bank of America upgraded shares of Playtika from an “underperform” rating to a “buy” rating and upped their price target for the company from $6.00 to $6.50 in a research note on Wednesday. Wedbush reissued an “outperform” rating and set a $11.50 target price on shares of Playtika in a report on Wednesday, February 26th. Finally, Macquarie cut their target price on Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, February 28th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its holdings in Playtika by 9.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,926,854 shares of the company’s stock worth $20,312,000 after buying an additional 241,658 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Playtika by 61.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,923,616 shares of the company’s stock worth $20,290,000 after purchasing an additional 1,109,594 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Playtika by 13.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock worth $21,267,000 after acquiring an additional 326,890 shares during the period. FMR LLC raised its position in shares of Playtika by 1.2% in the third quarter. FMR LLC now owns 1,339,801 shares of the company’s stock valued at $10,611,000 after purchasing an additional 15,471 shares during the period. Finally, State Street Corp boosted its holdings in shares of Playtika by 12.9% in the third 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 period. 11.94% of the stock is owned by institutional investors.

Playtika Trading Down 1.9 %

NASDAQ:PLTK opened at $5.20 on Friday. The stock has a 50-day moving average price of $6.22 and a two-hundred day moving average price of $7.20. Playtika has a 1 year low of $3.97 and a 1 year high of $9.16. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 1.69 and a beta of 0.98.

Playtika Dividend Announcement

The business also recently disclosed 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. 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 7.69%. Playtika’s dividend payout ratio (DPR) is 90.91%.

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.