Playtika Holding Corp. (NASDAQ:PLTK) Short Interest Up 16.8% in February

Playtika Holding Corp. (NASDAQ:PLTK) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 5,150,000 shares, an increase of 16.8% from the February 13th total of 4,410,000 shares. Approximately 7.6% of the company’s stock are sold short. Based on an average trading volume of 1,070,000 shares, the days-to-cover ratio is currently 4.8 days.

Playtika Trading Down 1.9 %

Shares of PLTK traded down $0.09 during mid-day trading on Thursday, hitting $4.48. 947,425 shares of the company’s stock were exchanged, compared to its average volume of 1,167,927. Playtika has a fifty-two week low of $4.45 and a fifty-two week high of $9.15. The business’s 50 day moving average is $6.49 and its two-hundred day moving average is $7.32. The firm has a market capitalization of $1.68 billion, a P/E ratio of 7.72, a P/E/G ratio of 1.69 and a beta of 0.98.

Playtika Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.94%. The ex-dividend date is Friday, March 21st. Playtika’s payout ratio is currently 90.91%.

Institutional Investors Weigh In On Playtika

Several large investors have recently modified their holdings of PLTK. Allspring Global Investments Holdings LLC raised its position in Playtika by 23,814.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company’s stock worth $4,592,000 after buying an additional 663,700 shares during the last quarter. State Street Corp boosted its stake in shares of Playtika by 12.9% in the third quarter. State Street Corp now owns 1,317,709 shares of the company’s stock valued at $10,564,000 after buying an additional 150,878 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Playtika by 14.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,137,595 shares of the company’s stock worth $9,010,000 after acquiring an additional 142,112 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Playtika by 102.7% in the third quarter. JPMorgan Chase & Co. now owns 80,150 shares of the company’s stock valued at $635,000 after acquiring an additional 40,604 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of Playtika by 76.2% during the 4th 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. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Wall Street Analyst Weigh In

PLTK has been the subject of several recent analyst reports. Baird R W cut Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Citigroup lowered their target price on shares of Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, March 7th. Wedbush reaffirmed an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research report on Wednesday, February 26th. Macquarie reduced their price target 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. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $6.00 price objective (down previously from $9.00) on shares of Playtika in a report on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $8.32.

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.