3 days Ago By ABMN Staff
Shares of Playtika Holding Corp. ( NASDAQ:PLTK – Get Free Report ) have been given an average rating of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat.com reports.
Six investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $8.09.
Several equities analysts have recently weighed in on PLTK shares. Macquarie dropped their price objective on shares of Playtika from $7.00 to $6.
00 and set a “neutral” rating on the stock in a research report on Friday, February 28th. Robert W. Baird reiterated a “neutral” rating and set a $6.
00 target price (down from $9.00) on shares of Playtika in a research report on Friday, February 28th. Baird R W lowered shares of Playtika from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th.
Wedbush reiterated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research report on Wednesday, February 26th. Finally, Bank of America upgraded shares of Playtika from an “underperform” rating to a “buy” rating and raised their target price for the company from $6.
00 to $6.50 in a research report on Wednesday, March 26th. View Our Latest Stock Report on PLTK Playtika Stock Down 2.
0 % Playtika Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 21st were issued a dividend of $0.10 per share.
The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.40 annualized dividend and a yield of 8.
02%. Playtika’s payout ratio is 90.91%.
Institutional Investors Weigh In On Playtika A number of institutional investors have recently modified their holdings of PLTK. Allspring Global Investments Holdings LLC boosted its position in Playtika by 23,814.1% during the fourth quarter.
Allspring Global Investments Holdings LLC now owns 666,487 shares of the company’s stock valued at $4,592,000 after acquiring an additional 663,700 shares during the last quarter. State Street Corp grew its stake in Playtika by 12.9% during the third quarter.
State Street Corp now owns 1,317,709 shares of the company’s stock worth $10,564,000 after purchasing an additional 150,878 shares during the period. SG Americas Securities LLC increased its holdings in Playtika by 76.2% in the fourth quarter.
SG Americas Securities LLC now owns 175,008 shares of the company’s stock worth $1,215,000 after purchasing an additional 75,702 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Playtika by 102.
7% during the 3rd quarter. JPMorgan Chase & Co. now owns 80,150 shares of the company’s stock worth $635,000 after buying an additional 40,604 shares in the last quarter.
Finally, Proficio Capital Partners LLC acquired a new stake in shares of Playtika during the 4th quarter worth approximately $201,000. 11.94% of the stock is owned by institutional investors.
About Playtika ( Get Free Report 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. See Also Receive News & Ratings for Playtika Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Playtika and related companies with MarketBeat.com's FREE daily email newsletter .
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