The Manufacturers Life Insurance Company Purchases 326,890 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

The Manufacturers Life Insurance Company boosted its position in Playtika Holding Corp. (NASDAQ:PLTK) by 13.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,685,196 shares of the company’s stock after purchasing an additional 326,890 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Playtika were worth $21,267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PLTK. AQR Capital Management LLC grew its position in shares of Playtika by 66.6% in the 2nd quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company’s stock worth $61,672,000 after buying an additional 3,132,272 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Playtika by 19.7% during the second quarter. Pacer Advisors Inc. now owns 9,420,312 shares of the company’s stock valued at $74,138,000 after purchasing an additional 1,552,606 shares during the last quarter. Quest Partners LLC boosted its position in shares of Playtika by 705.5% in the 3rd quarter. Quest Partners LLC now owns 161,249 shares of the company’s stock worth $1,277,000 after purchasing an additional 141,231 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its stake in shares of Playtika by 365.4% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 171,603 shares of the company’s stock worth $1,351,000 after buying an additional 134,732 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Playtika during the 2nd quarter valued at approximately $744,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Insider Buying and Selling at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of Playtika stock in a transaction on Monday, November 25th. The shares were sold at an average price of $8.69, for a total transaction of $845,241.54. Following the transaction, the insider now owns 202,968,069 shares in the company, valued at $1,763,792,519.61. This trade represents a 0.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 261,973 shares of company stock valued at $2,235,209. 4.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PLTK. Wedbush reissued an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research note on Thursday, September 19th. Macquarie reissued a “neutral” rating and set a $7.00 price objective on shares of Playtika in a research report on Friday, November 8th. Finally, Roth Mkm lifted their target price on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.00.

Playtika Stock Up 1.1 %

Shares of NASDAQ PLTK opened at $8.42 on Friday. The firm’s 50-day moving average price is $7.98 and its 200-day moving average price is $7.90. Playtika Holding Corp. has a 52-week low of $6.25 and a 52-week high of $9.23. The company has a market cap of $3.14 billion, a PE ratio of 14.52, a PEG ratio of 2.15 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last posted its earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The company had revenue of $620.80 million during the quarter, compared to the consensus estimate of $622.46 million. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.19 EPS. As a group, equities research analysts anticipate that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Friday, December 20th. Playtika’s dividend payout ratio (DPR) is presently 68.97%.

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.