Playtika Holding Corp. (NASDAQ:PLTK) Shares Acquired by KBC Group NV

KBC Group NV raised its position in Playtika Holding Corp. (NASDAQ:PLTK) by 19.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,820 shares of the company’s stock after acquiring an additional 1,266 shares during the quarter. KBC Group NV’s holdings in Playtika were worth $62,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Playtika during the second quarter worth about $31,000. Versant Capital Management Inc acquired a new stake in Playtika in the second quarter valued at about $36,000. Acadian Asset Management LLC purchased a new stake in Playtika in the 2nd quarter valued at approximately $43,000. Headlands Technologies LLC increased its position in Playtika by 648.8% during the 2nd quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock worth $53,000 after purchasing an additional 5,794 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Playtika during the 3rd quarter worth approximately $62,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Macquarie reaffirmed a “neutral” rating and set a $7.00 price objective on shares of Playtika in a report on Friday, November 8th. Roth Mkm upped their price target on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Wedbush reiterated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Playtika presently has a consensus rating of “Hold” and an average price target of $9.00.

Playtika Stock Down 0.8 %

Playtika stock opened at $8.53 on Friday. The firm’s 50-day simple moving average is $7.93 and its 200 day simple moving average is $7.89. Playtika Holding Corp. has a 52 week low of $6.25 and a 52 week high of $9.23. The firm has a market capitalization of $3.18 billion, a PE ratio of 14.71, a P/E/G ratio of 2.22 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The business had revenue of $620.80 million during the quarter, compared to analyst estimates of $622.46 million. During the same quarter in the prior year, the company earned $0.19 earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts expect that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a $0.10 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.40 annualized dividend and a dividend yield of 4.69%. Playtika’s dividend payout ratio is currently 68.97%.

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.