Robert W. Baird Reiterates Neutral Rating for Playtika (NASDAQ:PLTK)

Playtika (NASDAQ:PLTK)‘s stock had its “neutral” rating reaffirmed by stock analysts at Robert W. Baird in a note issued to investors on Friday, Marketbeat.com reports. They currently have a $6.00 price target on the stock, down from their prior price target of $9.00. Robert W. Baird’s price target would suggest a potential upside of 13.64% from the company’s previous close.

Several other brokerages have also issued reports on PLTK. Roth Mkm boosted their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Macquarie reaffirmed a “neutral” rating and issued a $7.00 price objective on shares of Playtika in a research report on Friday, November 8th. Finally, Wedbush reiterated an “outperform” rating and set a $11.50 target price on shares of Playtika in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $8.21.

Playtika Trading Down 7.4 %

PLTK stock opened at $5.28 on Friday. The stock has a market cap of $1.97 billion, a PE ratio of 9.10, a P/E/G ratio of 1.69 and a beta of 0.92. Playtika has a 12 month low of $5.22 and a 12 month high of $9.15. The company has a 50-day moving average price of $7.02 and a 200 day moving average price of $7.55.

Insider Transactions at Playtika

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 shares were sold at an average price of $7.54, for a total transaction of $572,459.42. Following the transaction, the insider now directly owns 200,554,660 shares in the company, valued at approximately $1,512,182,136.40. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 491,921 shares of company stock valued at $4,004,775. 4.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Playtika

A number of hedge funds have recently bought and sold shares of the stock. State Street Corp increased its holdings in shares of Playtika by 12.9% in the 3rd quarter. State Street Corp now owns 1,317,709 shares of the company’s stock valued at $10,564,000 after acquiring an additional 150,878 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Playtika by 23,814.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company’s stock valued at $4,592,000 after purchasing an additional 663,700 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Playtika by 14.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,137,595 shares of the company’s stock worth $9,010,000 after purchasing an additional 142,112 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Playtika by 102.7% during the third quarter. JPMorgan Chase & Co. now owns 80,150 shares of the company’s stock valued at $635,000 after buying an additional 40,604 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Playtika by 76.2% in the 4th quarter. SG Americas Securities LLC now owns 175,008 shares of the company’s stock valued at $1,215,000 after buying an additional 75,702 shares in the last quarter. Hedge funds and other institutional investors own 11.94% of the company’s stock.

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.