Public Employees Retirement System of Ohio Takes Position in Playtika Holding Corp. (NASDAQ:PLTK)

Public Employees Retirement System of Ohio acquired a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 76,750 shares of the company’s stock, valued at approximately $608,000.

A number of other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Playtika in the 2nd quarter valued at approximately $31,000. Acadian Asset Management LLC acquired a new position in Playtika during the second quarter worth $43,000. Headlands Technologies LLC raised its holdings in Playtika by 648.8% during the second quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock valued at $53,000 after buying an additional 5,794 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Playtika in the third quarter worth about $62,000. Finally, KBC Group NV boosted its stake in shares of Playtika by 19.3% during the 3rd quarter. KBC Group NV now owns 7,820 shares of the company’s stock worth $62,000 after acquiring an additional 1,266 shares in the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $8.69, for a total transaction of $845,241.54. Following the completion of the sale, the insider now owns 202,968,069 shares of the company’s stock, valued at approximately $1,763,792,519.61. This trade represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 753,894 shares of company stock worth $6,239,985 over the last three months. 4.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on PLTK. Macquarie reissued a “neutral” rating and issued a $7.00 price target on shares of Playtika in a research report on Friday, November 8th. Wedbush reaffirmed an “outperform” rating and issued a $11.50 price target on shares of Playtika in a research report on Thursday, September 19th. Finally, Roth Mkm increased their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Playtika presently has an average rating of “Hold” and an average price target of $9.00.

Playtika Price Performance

Shares of Playtika stock opened at $6.85 on Friday. The company’s fifty day moving average price is $8.06 and its two-hundred day moving average price is $7.81. The firm has a market capitalization of $2.55 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88. Playtika Holding Corp. has a 52-week low of $6.25 and a 52-week high of $9.15.

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

Playtika Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date of this dividend is Friday, December 20th. Playtika’s dividend payout ratio (DPR) is 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.