Alaska Permanent Fund Corp Buys Shares of 48,760 Playtika Holding Corp. (NASDAQ:PLTK)

Alaska Permanent Fund Corp purchased a new stake in Playtika Holding Corp. (NASDAQ:PLTK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 48,760 shares of the company’s stock, valued at approximately $425,000.

A number of other hedge funds have also modified their holdings of the company. New York State Common Retirement Fund raised its holdings in Playtika by 13.4% in the fourth quarter. New York State Common Retirement Fund now owns 55,451 shares of the company’s stock worth $484,000 after purchasing an additional 6,551 shares during the period. Allspring Global Investments Holdings LLC raised its position in Playtika by 33.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 71,210 shares of the company’s stock valued at $621,000 after buying an additional 17,978 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Playtika by 3.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,833 shares of the company’s stock valued at $748,000 after acquiring an additional 2,872 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Playtika by 772.0% in the fourth quarter. International Assets Investment Management LLC now owns 3,924 shares of the company’s stock valued at $34,000 after purchasing an additional 3,474 shares during the last quarter. Finally, Quent Capital LLC lifted its position in shares of Playtika by 109.1% in the fourth quarter. Quent Capital LLC now owns 3,092 shares of the company’s stock worth $27,000 after purchasing an additional 1,613 shares in the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Playtika Trading Up 1.6 %

NASDAQ:PLTK opened at $7.16 on Friday. Playtika Holding Corp. has a 1-year low of $6.25 and a 1-year high of $12.90. The stock has a market cap of $2.65 billion, a P/E ratio of 11.19, a PEG ratio of 1.04 and a beta of 0.84. The stock has a 50 day simple moving average of $7.08 and a 200 day simple moving average of $7.83.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings data on Monday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). Playtika had a net margin of 9.15% and a negative return on equity of 81.85%. The business had revenue of $637.90 million during the quarter, compared to the consensus estimate of $630.26 million. During the same period in the prior year, the firm earned $0.24 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, sell-side analysts forecast that Playtika Holding Corp. will post 0.69 EPS for the current year.

Playtika Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 22nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.40 annualized dividend and a yield of 5.59%. Playtika’s dividend payout ratio is presently 62.50%.

Wall Street Analysts Forecast Growth

PLTK has been the subject of a number of analyst reports. Bank of America downgraded shares of Playtika from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $11.00 to $8.00 in a research report on Thursday, January 18th. HSBC cut shares of Playtika from a “buy” rating to a “hold” rating and decreased their target price for the company from $14.90 to $8.00 in a research note on Monday, January 22nd. Wedbush lowered their price objective on shares of Playtika from $14.75 to $11.50 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Stifel Nicolaus cut their target price on shares of Playtika from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Finally, 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 report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Playtika currently has an average rating of “Hold” and an average price target of $10.43.

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.