Playtika (NASDAQ:PLTK) Earns “Neutral” Rating from Robert W. Baird

Playtika (NASDAQ:PLTK)‘s stock had its “neutral” rating reiterated by Robert W. Baird in a research report issued to clients and investors on Friday. They presently have a $6.00 price target on the stock, down from their previous price target of $9.00. Robert W. Baird’s price target points to a potential upside of 5.26% from the stock’s previous close.

PLTK has been the topic of several other research reports. Macquarie reaffirmed a “neutral” rating and issued a $7.00 price target on shares of Playtika in a report on Friday, November 8th. Roth Mkm boosted their target price on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Wedbush reiterated an “outperform” rating and issued a $11.50 price target on shares of Playtika in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8.38.

Playtika Price Performance

NASDAQ PLTK opened at $5.70 on Friday. Playtika has a 12 month low of $5.22 and a 12 month high of $9.15. The company has a market capitalization of $2.12 billion, a P/E ratio of 9.83, a PEG ratio of 1.69 and a beta of 0.92. The company’s 50 day simple moving average is $7.06 and its 200 day simple moving average is $7.55.

Insider Transactions at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 124,490 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $8.44, for a total transaction of $1,050,695.60. Following the completion of the sale, the insider now directly owns 202,673,467 shares in the company, valued at approximately $1,710,564,061.48. This trade represents a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 491,921 shares of company stock valued at $4,004,775 over the last quarter. Company insiders own 4.80% of the company’s stock.

Institutional Trading of Playtika

Hedge funds have recently made changes to their positions in the stock. KBC Group NV grew its position in Playtika by 19.3% during the third quarter. KBC Group NV now owns 7,820 shares of the company’s stock valued at $62,000 after purchasing an additional 1,266 shares in the last quarter. Covestor Ltd grew its stake in Playtika by 11.4% in the fourth quarter. Covestor Ltd now owns 14,103 shares of the company’s stock valued at $98,000 after purchasing an additional 1,447 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in shares of Playtika by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock valued at $29,000 after buying an additional 1,534 shares during the last quarter. Choreo LLC grew its stake in shares of Playtika by 14.9% in the 4th quarter. Choreo LLC now owns 12,485 shares of the company’s stock valued at $90,000 after buying an additional 1,619 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Playtika by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company’s stock valued at $3,726,000 after acquiring an additional 1,639 shares during the last quarter. 11.94% of the stock is owned by hedge funds and other institutional investors.

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.