Virtu Financial LLC Invests $108,000 in Playtika Holding Corp. (NASDAQ:PLTK)

Virtu Financial LLC bought a new stake in Playtika Holding Corp. (NASDAQ:PLTK) during the 4th quarter, HoldingsChannel.com reports. The fund bought 15,526 shares of the company’s stock, valued at approximately $108,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Playtika by 146.0% in the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after purchasing an additional 2,910 shares during the period. Versant Capital Management Inc boosted its position in Playtika by 148.7% in the fourth quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock valued at $41,000 after buying an additional 3,496 shares during the last quarter. Neo Ivy Capital Management purchased a new position in Playtika during the 3rd quarter worth approximately $56,000. R Squared Ltd acquired a new stake in Playtika during the 4th quarter valued at approximately $57,000. Finally, Kera Capital Partners Inc. purchased a new stake in shares of Playtika in the 4th quarter valued at $70,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Playtika Price Performance

Shares of NASDAQ:PLTK opened at $5.20 on Monday. The business’s 50 day moving average price is $6.18 and its 200-day moving average price is $7.19. Playtika Holding Corp. has a 1 year low of $3.97 and a 1 year high of $9.16. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 7.69%. The ex-dividend date of this dividend is Friday, March 21st. Playtika’s dividend payout ratio is presently 90.91%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Bank of America raised shares of Playtika from an “underperform” rating to a “buy” rating and raised their target price for the stock from $6.00 to $6.50 in a report on Wednesday, March 26th. Citigroup decreased their price objective on Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, March 7th. Macquarie dropped their target price on Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, February 28th. Wedbush reiterated an “outperform” rating and set a $11.50 price target on shares of Playtika in a research report on Wednesday, February 26th. Finally, Baird R W lowered Playtika from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.09.

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.