Playtika Holding Corp. (NASDAQ:PLTK) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 170.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,530 shares of the company’s stock after buying an additional 33,711 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Playtika were worth $424,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Playtika during the 2nd quarter worth $31,000. Versant Capital Management Inc acquired a new position in shares of Playtika during the second quarter worth about $36,000. Acadian Asset Management LLC purchased a new stake in shares of Playtika during the second quarter worth approximately $43,000. Headlands Technologies LLC raised its holdings in Playtika by 648.8% in the second quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock valued at $53,000 after acquiring an additional 5,794 shares in the last quarter. Finally, Ariadne Wealth Management LP acquired a new stake in Playtika in the second quarter valued at approximately $82,000. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PLTK. Wedbush reissued an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research report on Thursday, September 19th. Morgan Stanley raised their price target on Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Roth Mkm upped their price objective on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Macquarie reiterated a “neutral” rating and issued a $7.00 price objective on shares of Playtika in a report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.18.

Playtika Trading Down 0.6 %

PLTK stock opened at $8.31 on Friday. The business has a 50 day simple moving average of $7.71 and a 200-day simple moving average of $7.82. The company has a market capitalization of $3.09 billion, a P/E ratio of 14.58, a PEG ratio of 1.70 and a beta of 0.85. Playtika Holding Corp. has a twelve month low of $6.25 and a twelve month high of $9.23.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Playtika had a net margin of 8.44% and a negative return on equity of 127.12%. The business had revenue of $620.80 million during the quarter, compared to analyst estimates of $622.46 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Research analysts predict that Playtika Holding Corp. will post 0.73 EPS for the current fiscal year.

Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a yield of 4.81%. Playtika’s payout ratio is 70.18%.

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.