Millennium Management LLC trimmed its position in Playtika Holding Corp. (NASDAQ:PLTK – Free Report) by 54.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 456,888 shares of the company’s stock after selling 552,639 shares during the period. Millennium Management LLC owned approximately 0.12% of Playtika worth $3,596,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Alaska Permanent Fund Corp boosted its position in Playtika by 362.8% during the 1st quarter. Alaska Permanent Fund Corp now owns 225,673 shares of the company’s stock worth $1,591,000 after acquiring an additional 176,913 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Playtika in the first quarter valued at $82,000. DGS Capital Management LLC bought a new stake in Playtika during the 1st quarter worth about $90,000. LSV Asset Management boosted its stake in shares of Playtika by 3.4% during the 1st quarter. LSV Asset Management now owns 7,756,485 shares of the company’s stock worth $54,683,000 after buying an additional 256,353 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Playtika in the 1st quarter valued at about $260,000. 11.94% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Roth Mkm reduced their price target on Playtika from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. UBS Group began coverage on shares of Playtika in a research note on Monday, June 24th. They issued a “neutral” rating and a $8.50 target price for the company. Wedbush reaffirmed an “outperform” rating and set a $11.50 price target on shares of Playtika in a research report on Thursday, September 19th. Finally, Morgan Stanley lifted their price objective on shares of Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.29.
Playtika Stock Performance
Playtika stock opened at $7.49 on Monday. The stock has a fifty day moving average of $7.47 and a 200-day moving average of $7.71. The stock has a market capitalization of $2.79 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 1.54 and a beta of 0.85. Playtika Holding Corp. has a 52 week low of $6.25 and a 52 week high of $9.70.
Playtika (NASDAQ:PLTK – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. Playtika had a net margin of 8.44% and a negative return on equity of 127.12%. The company had revenue of $627.00 million for the quarter, compared to analyst estimates of $640.27 million. During the same period in the previous year, the firm posted $0.21 EPS. The firm’s revenue was down 2.5% on a year-over-year basis. On average, research analysts forecast that Playtika Holding Corp. will post 0.73 earnings per share for the current year.
Playtika Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.34%. Playtika’s dividend payout ratio (DPR) is presently 70.18%.
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.
Featured Articles
- Five stocks we like better than Playtika
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Why Fastenal Stock Could Hit New Highs After Strong Q3 Results
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Why Eli Lilly Stock Is Soaring—and How It Plans to Stay on Top
- How to Calculate Retirement Income: MarketBeat’s Calculator
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
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.