Playtika Holding Corp. (NASDAQ:PLTK) Short Interest Update

Playtika Holding Corp. (NASDAQ:PLTK) was the recipient of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 4,150,000 shares, a decline of 21.0% from the May 15th total of 5,250,000 shares. Based on an average daily volume of 1,030,000 shares, the short-interest ratio is presently 4.0 days. Currently, 6.2% of the shares of the company are sold short.

Insider Activity at Playtika

In related news, insider Gili Brudno sold 67,250 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $8.72, for a total value of $586,420.00. Following the completion of the transaction, the insider now owns 201,750 shares of the company’s stock, valued at approximately $1,759,260. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Playtika

A number of large investors have recently modified their holdings of PLTK. LSV Asset Management grew its stake in shares of Playtika by 3.4% during the first quarter. LSV Asset Management now owns 7,756,485 shares of the company’s stock worth $54,683,000 after purchasing an additional 256,353 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Playtika by 2.1% in the 3rd quarter. AQR Capital Management LLC now owns 5,093,530 shares of the company’s stock valued at $49,051,000 after acquiring an additional 106,916 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Playtika by 41.9% during the 4th quarter. Pacer Advisors Inc. now owns 4,494,488 shares of the company’s stock worth $39,192,000 after acquiring an additional 1,327,596 shares in the last quarter. Vanguard Group Inc. lifted its stake in Playtika by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company’s stock worth $25,141,000 after purchasing an additional 76,948 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Playtika by 185.1% in the third quarter. The Manufacturers Life Insurance Company now owns 2,416,137 shares of the company’s stock valued at $23,267,000 after purchasing an additional 1,568,593 shares in the last quarter. 11.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Playtika from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Robert W. Baird increased their target price on Playtika from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Morgan Stanley lowered their price target on Playtika from $10.00 to $7.50 and set an “equal weight” rating on the stock in a research note on Tuesday, February 27th. Macquarie downgraded Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research note on Thursday. Finally, The Goldman Sachs Group lowered their target price on shares of Playtika from $11.00 to $8.75 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.19.

Playtika Trading Down 0.8 %

PLTK traded down $0.07 on Friday, hitting $8.27. The company had a trading volume of 651,056 shares, compared to its average volume of 798,542. The firm has a market cap of $3.07 billion, a P/E ratio of 15.04, a PEG ratio of 1.53 and a beta of 0.87. The company’s fifty day moving average price is $8.03 and its 200 day moving average price is $7.80. Playtika has a 1 year low of $6.25 and a 1 year high of $12.90.

Playtika (NASDAQ:PLTK) last released its earnings results on Thursday, May 9th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $651.20 million during the quarter, compared to analysts’ expectations of $642.38 million. Playtika had a negative return on equity of 94.21% and a net margin of 7.96%. On average, analysts predict that Playtika will post 0.67 earnings per share for the current year.

Playtika Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be paid a $0.10 dividend. The ex-dividend date is Friday, June 21st. This represents a $0.40 dividend on an annualized basis and a yield of 4.84%. Playtika’s dividend payout ratio is currently 72.73%.

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.