Mirae Asset Global Investments Co. Ltd. Purchases 2,872 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Mirae Asset Global Investments Co. Ltd. boosted its position in Playtika Holding Corp. (NASDAQ:PLTK) by 3.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 85,833 shares of the company’s stock after acquiring an additional 2,872 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Playtika were worth $748,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PLTK. UBS Group AG grew its holdings in Playtika by 86.3% during the 3rd quarter. UBS Group AG now owns 289,717 shares of the company’s stock valued at $2,790,000 after buying an additional 134,195 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Playtika by 185.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,416,137 shares of the company’s stock valued at $23,267,000 after buying an additional 1,568,593 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new position in Playtika during the 4th quarter valued at about $102,000. Campbell & CO Investment Adviser LLC purchased a new position in Playtika during the 3rd quarter valued at about $990,000. Finally, Canada Pension Plan Investment Board purchased a new position in Playtika during the 3rd quarter valued at about $966,000. 11.94% of the stock is currently owned by institutional investors.

Playtika Price Performance

Shares of PLTK opened at $7.12 on Thursday. The firm has a market cap of $2.64 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.03 and a beta of 0.84. The stock has a 50 day simple moving average of $7.10 and a two-hundred day simple moving average of $7.85. Playtika Holding Corp. has a 1 year low of $6.25 and a 1 year high of $12.90.

Playtika (NASDAQ:PLTK) last issued its earnings results on Monday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.07). The firm had revenue of $637.90 million during the quarter, compared to analysts’ expectations of $630.26 million. Playtika had a negative return on equity of 81.85% and a net margin of 9.15%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS. On average, equities analysts anticipate that Playtika Holding Corp. will post 0.69 earnings per share for the current year.

Playtika Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 22nd were given a $0.10 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.40 annualized dividend and a yield of 5.62%. Playtika’s payout ratio is currently 62.50%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wedbush reduced their target price on Playtika from $14.75 to $11.50 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Morgan Stanley cut their price objective 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 cut their price objective for the stock from $11.00 to $8.00 in a report on Thursday, January 18th. The Goldman Sachs Group cut their price objective on Playtika from $11.00 to $8.75 and set a “neutral” rating for the company in a report on Tuesday, February 27th. Finally, HSBC lowered Playtika from a “buy” rating to a “hold” rating and cut their price objective for the stock from $14.90 to $8.00 in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.43.

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.