Playtika Holding Corp. (NASDAQ:PLTK) Stake Boosted by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. raised its position in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 65.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,107 shares of the company’s stock after buying an additional 5,577 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Playtika were worth $98,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Playtika by 146.0% in the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after acquiring an additional 2,910 shares in the last quarter. Versant Capital Management Inc raised its stake in Playtika by 148.7% during the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock valued at $41,000 after purchasing an additional 3,496 shares during the period. Neo Ivy Capital Management acquired a new stake in Playtika during the 3rd quarter valued at $56,000. R Squared Ltd purchased a new stake in shares of Playtika in the fourth quarter valued at $57,000. Finally, KBC Group NV boosted its position in shares of Playtika by 19.3% in the third quarter. KBC Group NV now owns 7,820 shares of the company’s stock worth $62,000 after buying an additional 1,266 shares during the period. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wedbush reissued an “outperform” rating and set a $11.50 price target on shares of Playtika in a research report on Wednesday, February 26th. Roth Mkm upped their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Baird R W cut shares of Playtika from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th. Robert W. Baird reiterated a “neutral” rating and issued a $6.00 price objective (down previously from $9.00) on shares of Playtika in a research note on Friday, February 28th. Finally, Macquarie cut their target price on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, February 28th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Playtika currently has an average rating of “Hold” and a consensus target price of $8.21.

Playtika Stock Performance

NASDAQ:PLTK opened at $4.94 on Friday. The company has a market capitalization of $1.85 billion, a P/E ratio of 8.52, a P/E/G ratio of 1.69 and a beta of 0.98. The stock’s 50 day moving average price is $6.89 and its 200 day moving average price is $7.49. Playtika Holding Corp. has a 52 week low of $4.92 and a 52 week high of $9.15.

Playtika Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, March 21st. This represents a $0.40 annualized dividend and a dividend yield of 8.10%. Playtika’s dividend payout ratio (DPR) is 90.91%.

Insider Activity

In other news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $7.54, for a total transaction of $572,459.42. Following the transaction, the insider now owns 200,554,660 shares of the company’s stock, valued at approximately $1,512,182,136.40. This represents a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.80% of the stock is owned by 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.