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

Playtika Holding Corp. (NASDAQ:PLTK) has received an average rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $8.32.

PLTK has been the topic of a number of research reports. Robert W. Baird restated a “neutral” rating and issued a $6.00 target price (down from $9.00) on shares of Playtika in a report on Friday, February 28th. Baird R W downgraded Playtika from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th. Macquarie lowered their price objective on Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Citigroup cut their target price on Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Finally, Wedbush restated an “outperform” rating and issued a $11.50 price target on shares of Playtika in a research report on Wednesday, February 26th.

Institutional Trading of Playtika

Several institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in Playtika by 9.0% in the 4th 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 period. Arrowstreet Capital Limited Partnership grew its stake in 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 acquiring an additional 1,109,594 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Playtika by 13.9% during the third 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 stake in shares of Playtika by 1.2% during the third quarter. FMR LLC now owns 1,339,801 shares of the company’s stock valued at $10,611,000 after acquiring an additional 15,471 shares in the last quarter. 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 valued at $10,564,000 after purchasing an additional 150,878 shares during the period. 11.94% of the stock is currently owned by institutional investors.

Playtika Stock Performance

Shares of PLTK opened at $4.01 on Friday. The stock has a market capitalization of $1.51 billion, a PE ratio of 6.91, a P/E/G ratio of 1.69 and a beta of 0.98. The company’s fifty day moving average is $6.39 and its 200 day moving average is $7.27. Playtika has a fifty-two week low of $3.97 and a fifty-two week high of $9.16.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 9.98%. The ex-dividend date of this dividend is Friday, March 21st. Playtika’s dividend payout ratio (DPR) is presently 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.