EntryPoint Capital LLC Buys 7,569 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

EntryPoint Capital LLC grew its stake in Playtika Holding Corp. (NASDAQ:PLTK) by 25.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,659 shares of the company’s stock after acquiring an additional 7,569 shares during the period. EntryPoint Capital LLC’s holdings in Playtika were worth $261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in 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 in the last quarter. Versant Capital Management Inc grew its position 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 buying an additional 3,496 shares in the last quarter. Neo Ivy Capital Management purchased a new position in shares of Playtika during the third quarter valued at $56,000. R Squared Ltd bought a new stake in shares of Playtika in the fourth quarter valued at about $57,000. Finally, Kera Capital Partners Inc. purchased a new stake in Playtika in the fourth quarter worth about $70,000. Institutional investors own 11.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Macquarie reduced their price target on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Friday, February 28th. Baird R W downgraded shares of Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Citigroup lowered their target price on Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, March 7th. Bank of America upgraded Playtika from an “underperform” rating to a “buy” rating and lifted their price target for the company from $6.00 to $6.50 in a report on Wednesday. Finally, Robert W. Baird restated a “neutral” rating and set a $6.00 price objective (down from $9.00) on shares of Playtika in a research note on Friday, February 28th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.09.

Playtika Price Performance

Shares of NASDAQ:PLTK opened at $5.20 on Friday. The business’s 50-day moving average is $6.18 and its 200 day moving average is $7.19. Playtika Holding Corp. has a 1 year low of $3.97 and a 1 year high of $9.16. The firm has a market capitalization of $1.95 billion, a P/E ratio of 8.97, a P/E/G ratio of 1.69 and a beta of 0.98.

Playtika Announces Dividend

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

Playtika 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.