Bank of New York Mellon Corp Has $400,000 Stake in PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

Bank of New York Mellon Corp reduced its position in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 49.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 214,929 shares of the company’s stock after selling 208,739 shares during the quarter. Bank of New York Mellon Corp’s holdings in PLAYSTUDIOS were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in PLAYSTUDIOS during the 3rd quarter worth $32,000. SG Americas Securities LLC boosted its position in shares of PLAYSTUDIOS by 26.7% in the fourth quarter. SG Americas Securities LLC now owns 38,828 shares of the company’s stock valued at $72,000 after acquiring an additional 8,179 shares during the period. Williams & Novak LLC grew its stake in shares of PLAYSTUDIOS by 26.9% in the fourth quarter. Williams & Novak LLC now owns 45,300 shares of the company’s stock valued at $84,000 after acquiring an additional 9,600 shares in the last quarter. Barclays PLC increased its position in PLAYSTUDIOS by 55.9% during the third quarter. Barclays PLC now owns 234,332 shares of the company’s stock worth $354,000 after acquiring an additional 84,058 shares during the period. Finally, JPMorgan Chase & Co. increased its position in PLAYSTUDIOS by 932.5% during the third quarter. JPMorgan Chase & Co. now owns 1,321,015 shares of the company’s stock worth $1,995,000 after acquiring an additional 1,193,071 shares during the period. 37.52% of the stock is owned by institutional investors and hedge funds.

PLAYSTUDIOS Stock Down 5.4 %

Shares of PLAYSTUDIOS stock opened at $1.31 on Friday. PLAYSTUDIOS, Inc. has a 12-month low of $1.14 and a 12-month high of $3.04. The company has a market capitalization of $174.84 million, a price-to-earnings ratio of -6.89, a PEG ratio of 17.60 and a beta of 0.81. The firm’s 50-day moving average price is $1.60 and its two-hundred day moving average price is $1.67.

Analyst Ratings Changes

A number of analysts have issued reports on MYPS shares. Macquarie cut their price objective on shares of PLAYSTUDIOS from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Wednesday, March 12th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of PLAYSTUDIOS in a research report on Wednesday, December 18th. Finally, Benchmark reissued a “hold” rating on shares of PLAYSTUDIOS in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, PLAYSTUDIOS presently has a consensus rating of “Hold” and a consensus price target of $3.20.

PLAYSTUDIOS Company Profile

PLAYSTUDIOS, Inc develops and publishes free-to-play casual games for mobile and social platforms in the United States and internationally. The company's game portfolio includes a diverse range of titles comprising social casino, card, puzzle, and adventure games. It also offers POP! Slots, myVEGAS Slots, my KONAMI Slots, MGM Slots Live, myVEGAS Blackjack, myVEGAS Bingo, Tetris, Solitaire, Spider Solitaire, Jumbline 2, Sudoku, and Mahjong games.