ARK Investment Management LLC Has $1.91 Million Stock Position in Playtika Holding Corp. (NASDAQ:PLTK)

ARK Investment Management LLC raised its position in Playtika Holding Corp. (NASDAQ:PLTK) by 25.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 219,275 shares of the company’s stock after acquiring an additional 44,175 shares during the period. ARK Investment Management LLC’s holdings in Playtika were worth $1,912,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PLTK. LSV Asset Management raised its holdings in shares of Playtika by 219.3% in the 3rd quarter. LSV Asset Management now owns 4,603,513 shares of the company’s stock worth $44,332,000 after buying an additional 3,161,580 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Playtika by 47.8% in the 4th quarter. AQR Capital Management LLC now owns 6,704,950 shares of the company’s stock worth $55,450,000 after buying an additional 2,168,206 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Playtika in the 1st quarter worth approximately $18,424,000. The Manufacturers Life Insurance Company raised its holdings in shares of Playtika by 185.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,416,137 shares of the company’s stock worth $23,267,000 after buying an additional 1,568,593 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Playtika in the 2nd quarter worth approximately $16,487,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PLTK shares. Morgan Stanley dropped their target price on Playtika from $10.00 to $7.50 and set an “equal weight” rating for the company in a report on Tuesday, February 27th. Bank of America lowered Playtika from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $11.00 to $8.00 in a research report on Thursday, January 18th. The Goldman Sachs Group decreased their price target on Playtika from $11.00 to $8.75 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th. Wedbush decreased their price target on Playtika from $14.75 to $11.50 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Finally, HSBC lowered Playtika from a “buy” rating to a “hold” rating and decreased their price target for the stock from $14.90 to $8.00 in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.43.

Playtika Stock Up 0.7 %

PLTK stock opened at $6.99 on Thursday. The business’s fifty day moving average is $7.26 and its 200-day moving average is $8.25. The company has a market cap of $2.59 billion, a P/E ratio of 10.92, a price-to-earnings-growth ratio of 1.02 and a beta of 0.85. Playtika Holding Corp. has a twelve month low of $6.25 and a twelve month high of $12.90.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). The company had revenue of $637.90 million during the quarter, compared to analyst estimates of $630.26 million. Playtika had a net margin of 9.15% and a negative return on equity of 81.85%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS. Research analysts anticipate that Playtika Holding Corp. will post 0.7 earnings per share for the current fiscal year.

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 22nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date is Thursday, March 21st. Playtika’s dividend payout ratio (DPR) is currently 62.50%.

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.