Choreo LLC Grows Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

Choreo LLC grew its position in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 14.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,485 shares of the company’s stock after purchasing an additional 1,619 shares during the period. Choreo LLC’s holdings in Playtika were worth $90,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. State Street Corp raised its holdings in shares of Playtika by 12.9% in the 3rd quarter. State Street Corp now owns 1,317,709 shares of the company’s stock worth $10,564,000 after purchasing an additional 150,878 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Playtika by 14.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,137,595 shares of the company’s stock valued at $9,010,000 after buying an additional 142,112 shares during the period. JPMorgan Chase & Co. raised its holdings in Playtika by 102.7% in the third quarter. JPMorgan Chase & Co. now owns 80,150 shares of the company’s stock valued at $635,000 after buying an additional 40,604 shares during the period. SG Americas Securities LLC lifted its position in Playtika by 76.2% during the fourth quarter. SG Americas Securities LLC now owns 175,008 shares of the company’s stock valued at $1,215,000 after buying an additional 75,702 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in Playtika by 43.6% during the third quarter. Sanctuary Advisors LLC now owns 31,809 shares of the company’s stock worth $271,000 after buying an additional 9,658 shares during the period. Institutional investors and hedge funds own 11.94% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $8.69, for a total transaction of $845,241.54. Following the sale, the insider now owns 202,968,069 shares in the company, valued at $1,763,792,519.61. This represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 753,894 shares of company stock valued at $6,239,985 over the last 90 days. 4.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on PLTK shares. Roth Mkm raised their target price on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Macquarie reissued a “neutral” rating and issued a $7.00 price objective on shares of Playtika in a research report on Friday, November 8th. Five 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.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.25.

Playtika Stock Performance

NASDAQ:PLTK opened at $7.42 on Monday. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 1.72 and a beta of 0.92. Playtika Holding Corp. has a one year low of $6.25 and a one year high of $9.15. The stock has a 50-day simple moving average of $7.21 and a 200 day simple moving average of $7.57.

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.