Proficio Capital Partners LLC Takes Position in Playtika Holding Corp. (NASDAQ:PLTK)

Proficio Capital Partners LLC bought a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 28,988 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in Playtika by 23,814.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company’s stock worth $4,592,000 after buying an additional 663,700 shares during the period. State Street Corp increased its position in shares of Playtika by 12.9% during the third quarter. State Street Corp now owns 1,317,709 shares of the company’s stock worth $10,564,000 after acquiring an additional 150,878 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of 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 acquiring an additional 142,112 shares in the last quarter. JPMorgan Chase & Co. boosted 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 purchasing an additional 40,604 shares during the period. Finally, SG Americas Securities LLC grew its stake in Playtika by 76.2% during the 4th quarter. SG Americas Securities LLC now owns 175,008 shares of the company’s stock worth $1,215,000 after purchasing an additional 75,702 shares in the last quarter. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Playtika Trading Down 1.9 %

Shares of NASDAQ:PLTK opened at $5.20 on Friday. The firm has a 50 day simple moving average of $6.22 and a 200-day simple moving average of $7.20. The company has a market capitalization of $1.95 billion, a PE ratio of 8.97, a P/E/G ratio of 1.69 and a beta of 0.98. Playtika Holding Corp. has a twelve month low of $3.97 and a twelve month high of $9.16.

Playtika Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.40 annualized dividend and a yield of 7.69%. Playtika’s dividend payout ratio is presently 90.91%.

Analyst Ratings Changes

PLTK has been the topic of a number of analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $11.50 price target on shares of Playtika in a research report on Wednesday, February 26th. Robert W. Baird reiterated a “neutral” rating and issued a $6.00 price target (down previously from $9.00) on shares of Playtika in a research note on Friday, February 28th. Bank of America upgraded shares of Playtika from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $6.00 to $6.50 in a report on Wednesday. Citigroup reduced their price objective on shares of Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, Macquarie lowered their target price on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8.09.

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.