Playtika Holding Corp. (NASDAQ:PLTK) Given Consensus Rating of “Hold” by Analysts

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $9.00.

PLTK has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and issued a $11.50 price target on shares of Playtika in a research note on Wednesday. Roth Mkm boosted their price target on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Macquarie reissued a “neutral” rating and issued a $7.00 target price on shares of Playtika in a research note on Friday, November 8th.

Playtika Stock Performance

NASDAQ PLTK traded up $0.09 on Wednesday, hitting $6.92. The stock had a trading volume of 332,868 shares, compared to its average volume of 746,539. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. Playtika has a 52-week low of $6.25 and a 52-week high of $9.15. The firm has a 50-day moving average of $7.09 and a 200-day moving average of $7.57.

Insider Transactions at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 291,508 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $8.17, for a total value of $2,381,620.36. Following the transaction, the insider now directly owns 201,000,143 shares of the company’s stock, valued at approximately $1,642,171,168.31. The trade was a 0.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 491,921 shares of company stock valued at $4,004,775 over the last 90 days. Company insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Playtika

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. boosted its holdings in shares of Playtika by 8.8% during the 3rd quarter. Pacer Advisors Inc. now owns 10,249,684 shares of the company’s stock valued at $81,177,000 after purchasing an additional 829,372 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Playtika by 9.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,926,854 shares of the company’s stock worth $20,312,000 after purchasing an additional 241,658 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Playtika by 61.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,923,616 shares of the company’s stock worth $20,290,000 after buying an additional 1,109,594 shares during the period. The Manufacturers Life Insurance Company raised its position in Playtika by 13.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock valued at $21,267,000 after purchasing an additional 326,890 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Playtika by 1.2% during the third quarter. FMR LLC now owns 1,339,801 shares of the company’s stock valued at $10,611,000 after buying an additional 15,471 shares during the period. Institutional investors own 11.94% 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.