Playtika (NASDAQ:PLTK) Given New $6.00 Price Target at Macquarie

Playtika (NASDAQ:PLTK) had its target price trimmed by Macquarie from $7.00 to $6.00 in a report published on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts also recently issued reports about the company. Roth Mkm boosted their price objective on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Robert W. Baird reissued a “neutral” rating and issued a $6.00 price objective (down from $9.00) on shares of Playtika in a research note on Friday. Finally, Wedbush reissued an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research note on Wednesday. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Playtika presently has a consensus rating of “Hold” and a consensus price target of $8.21.

Playtika Trading Down 7.4 %

NASDAQ PLTK opened at $5.28 on Friday. The firm has a market capitalization of $1.97 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. The business’s 50-day moving average price is $7.02 and its two-hundred day moving average price is $7.54. Playtika has a 12 month low of $5.22 and a 12 month high of $9.15.

Playtika Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date of this dividend is Friday, March 21st. Playtika’s dividend payout ratio (DPR) is currently 68.97%.

Insider Buying and Selling

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 value of $572,459.42. Following the completion of the sale, the insider now directly owns 200,554,660 shares of the company’s stock, valued at $1,512,182,136.40. This represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 491,921 shares of company stock valued at $4,004,775. 4.80% of the stock is owned by company insiders.

Institutional Trading of Playtika

Institutional investors and hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC raised its stake in shares of Playtika by 57.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock worth $29,000 after purchasing an additional 1,534 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Playtika by 146.0% in the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock worth $34,000 after purchasing an additional 2,910 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Playtika by 148.7% in the fourth quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock worth $41,000 after purchasing an additional 3,496 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Playtika in the third quarter worth approximately $56,000. Finally, R Squared Ltd bought a new position in shares of Playtika in the fourth quarter valued at approximately $57,000. 11.94% of the stock is owned by hedge funds and other institutional investors.

About Playtika

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.