AlphaQuest LLC Trims Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

AlphaQuest LLC reduced its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 50.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,287 shares of the company’s stock after selling 81,962 shares during the period. AlphaQuest LLC’s holdings in Playtika were worth $550,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PLTK. GAMMA Investing LLC lifted its holdings in shares of Playtika by 146.0% during the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock worth $34,000 after acquiring an additional 2,910 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Playtika by 148.7% during the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock worth $41,000 after acquiring an additional 3,496 shares during the period. Neo Ivy Capital Management purchased a new position in shares of Playtika during the 3rd quarter worth about $56,000. R Squared Ltd acquired a new stake in Playtika during the 4th quarter worth approximately $57,000. Finally, KBC Group NV increased its position in Playtika by 19.3% during 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. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PLTK has been the subject of a number of research analyst reports. Robert W. Baird reissued a “neutral” rating and set a $6.00 target price (down previously from $9.00) on shares of Playtika in a research report on Friday, February 28th. Citigroup dropped their target price on shares of Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Baird R W downgraded shares of Playtika from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th. Wedbush reissued an “outperform” rating and set a $11.50 target price on shares of Playtika in a research report on Wednesday, February 26th. Finally, Macquarie dropped their target price on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Playtika currently has an average rating of “Hold” and a consensus price target of $8.32.

Playtika Stock Up 0.4 %

Shares of NASDAQ:PLTK opened at $4.80 on Thursday. Playtika Holding Corp. has a 52-week low of $4.67 and a 52-week high of $9.16. The company has a 50 day moving average of $6.73 and a two-hundred day moving average of $7.42. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Playtika Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.33%. The ex-dividend date of this dividend is Friday, March 21st. Playtika’s dividend payout ratio (DPR) is 90.91%.

Insider Activity

In other news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $7.54, for a total transaction of $572,459.42. Following the completion of the transaction, the insider now directly owns 200,554,660 shares in the company, valued at approximately $1,512,182,136.40. This represents a 0.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.80% of the company’s stock.

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.