Kera Capital Partners Inc. Invests $70,000 in Playtika Holding Corp. (NASDAQ:PLTK)

Kera Capital Partners Inc. acquired a new position in Playtika Holding Corp. (NASDAQ:PLTK) in the fourth quarter, Holdings Channel.com reports. The fund acquired 10,070 shares of the company’s stock, valued at approximately $70,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its stake in Playtika by 66.6% in the second quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company’s stock valued at $61,672,000 after buying an additional 3,132,272 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Playtika by 19.7% in the 2nd quarter. Pacer Advisors Inc. now owns 9,420,312 shares of the company’s stock valued at $74,138,000 after purchasing an additional 1,552,606 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Playtika by 13.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock worth $21,267,000 after purchasing an additional 326,890 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Playtika during the 3rd quarter worth approximately $1,473,000. Finally, State Street Corp increased its stake in Playtika by 12.9% during the 3rd quarter. State Street Corp now owns 1,317,709 shares of the company’s stock valued at $10,564,000 after purchasing an additional 150,878 shares in the last quarter. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on PLTK. Macquarie reiterated a “neutral” rating and set a $7.00 price objective on shares of Playtika in a research note on Friday, November 8th. Roth Mkm increased their price objective on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.11.

Playtika Stock Up 0.3 %

Shares of PLTK opened at $7.00 on Monday. The stock’s 50-day moving average price is $7.70 and its 200-day moving average price is $7.63. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 1.65 and a beta of 0.92. Playtika Holding Corp. has a 52 week low of $6.25 and a 52 week high of $9.15.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The firm had revenue of $620.80 million for the quarter, compared to analyst estimates of $622.46 million. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. Playtika’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 EPS. As a group, equities analysts anticipate that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were given a $0.10 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.71%. Playtika’s dividend payout ratio (DPR) is currently 68.97%.

Insider Transactions at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $7.54, for a total transaction of $572,459.42. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 753,894 shares of company stock valued at $6,239,985 in the last ninety days. 4.80% of the stock is currently owned by corporate insiders.

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.