Barclays PLC Purchases 7,480 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Barclays PLC increased its holdings in Playtika Holding Corp. (NASDAQ:PLTK) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,138 shares of the company’s stock after acquiring an additional 7,480 shares during the period. Barclays PLC’s holdings in Playtika were worth $1,291,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PLTK. Acadian Asset Management LLC bought a new stake in Playtika in the 2nd quarter valued at about $43,000. Headlands Technologies LLC increased its position in shares of Playtika by 648.8% in the second quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock worth $53,000 after purchasing an additional 5,794 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Playtika during the 3rd quarter worth $62,000. KBC Group NV boosted its holdings in shares of Playtika by 19.3% in the 3rd quarter. KBC Group NV now owns 7,820 shares of the company’s stock worth $62,000 after purchasing an additional 1,266 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Playtika in the third quarter worth about $81,000. 11.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PLTK has been the topic of a number of recent analyst reports. Roth Mkm lifted their price objective on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Macquarie reaffirmed a “neutral” rating and set a $7.00 target price on shares of Playtika in a research note on Friday, November 8th. Finally, Wedbush reissued an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Playtika has an average rating of “Hold” and an average target price of $9.00.

Playtika Stock Performance

Shares of NASDAQ PLTK opened at $6.77 on Friday. Playtika Holding Corp. has a 52-week low of $6.25 and a 52-week high of $9.15. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.97 and a beta of 0.88. The stock has a 50 day moving average price of $7.98 and a 200 day moving average price of $7.74.

Playtika (NASDAQ:PLTK) last released 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 firm had revenue of $620.80 million during the quarter, compared to analysts’ expectations of $622.46 million. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. Playtika’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 earnings per share. Analysts forecast that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.91%. Playtika’s payout ratio is currently 68.97%.

Insider Buying and Selling at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 73,321 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $8.55, for a total transaction of $626,894.55. Following the completion of the sale, the insider now directly owns 203,065,335 shares in the company, valued at approximately $1,736,208,614.25. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 753,894 shares of company stock valued at $6,239,985. 4.80% of the stock is owned by company insiders.

Playtika 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.