Prudential Financial Inc. Increases Stock Position in Playtika Holding Corp. (NASDAQ:PLTK)

Prudential Financial Inc. lifted its holdings in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 11.8% in the fourth quarter, HoldingsChannel reports. The firm owned 234,401 shares of the company’s stock after acquiring an additional 24,800 shares during the period. Prudential Financial Inc.’s holdings in Playtika were worth $1,627,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Playtika by 146.0% during the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after buying an additional 2,910 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Playtika by 148.7% in the fourth quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock valued at $41,000 after acquiring an additional 3,496 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Playtika during the third quarter valued at $56,000. R Squared Ltd purchased a new stake in Playtika during the 4th quarter worth about $57,000. Finally, Kera Capital Partners Inc. acquired a new position in Playtika in the 4th quarter valued at about $70,000. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PLTK. Robert W. Baird reiterated a “neutral” rating and set a $6.00 price target (down from $9.00) on shares of Playtika in a report on Friday, February 28th. Citigroup cut their price target on Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, March 7th. Bank of America upgraded Playtika from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $6.00 to $6.50 in a report on Wednesday, March 26th. Baird R W lowered Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Wedbush reissued an “outperform” rating and issued a $11.50 price target on shares of Playtika in a research note on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.09.

Playtika Trading Down 3.0 %

PLTK stock opened at $4.84 on Friday. The stock has a 50-day moving average price of $5.99 and a two-hundred day moving average price of $7.10. The company has a market cap of $1.82 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. Playtika Holding Corp. has a 12-month low of $3.97 and a 12-month high of $9.16.

Playtika Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 8.26%. The ex-dividend date was Friday, March 21st. Playtika’s dividend payout ratio (DPR) is presently 90.91%.

About Playtika

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.