AXQ Capital LP Boosts Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

AXQ Capital LP increased its holdings in Playtika Holding Corp. (NASDAQ:PLTK) by 186.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,293 shares of the company’s stock after buying an additional 30,776 shares during the quarter. AXQ Capital LP’s holdings in Playtika were worth $328,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. KBC Group NV lifted its holdings 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. Choreo LLC lifted its holdings in Playtika by 14.9% during the fourth quarter. Choreo LLC now owns 12,485 shares of the company’s stock valued at $90,000 after purchasing an additional 1,619 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Playtika by 14.3% during the third quarter. Captrust Financial Advisors now owns 21,474 shares of the company’s stock valued at $170,000 after purchasing an additional 2,694 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Playtika by 146.0% during the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after purchasing an additional 2,910 shares in the last quarter. Finally, Monument Capital Management lifted its holdings in Playtika by 34.4% during the fourth quarter. Monument Capital Management now owns 13,523 shares of the company’s stock valued at $94,000 after purchasing an additional 3,459 shares in the last quarter. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on PLTK shares. Baird R W downgraded shares of Playtika from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th. Wedbush reiterated an “outperform” rating and set a $11.50 price objective on shares of Playtika in a research report on Wednesday, February 26th. Macquarie reduced 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. Citigroup reduced their price objective on shares of Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $6.00 price objective (down previously from $9.00) on shares of Playtika in a research report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $8.32.

Playtika Stock Performance

Shares of PLTK opened at $4.01 on Monday. The company’s fifty day moving average is $6.39 and its 200 day moving average is $7.27. Playtika Holding Corp. has a fifty-two week low of $3.97 and a fifty-two week high of $9.16. The stock has a market capitalization of $1.51 billion, a PE ratio of 6.91, a P/E/G ratio of 1.69 and a beta of 0.98.

Playtika Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 9.98%. The ex-dividend date is Friday, March 21st. Playtika’s dividend payout ratio is presently 90.91%.

Playtika 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.