Allworth Financial LP Acquires 2,695 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Allworth Financial LP grew its holdings in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 117.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,996 shares of the company’s stock after buying an additional 2,695 shares during the period. Allworth Financial LP’s holdings in Playtika were worth $26,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PLTK. Covestor Ltd increased its position in shares of Playtika by 11.4% during the 4th quarter. Covestor Ltd now owns 14,103 shares of the company’s stock valued at $98,000 after purchasing an additional 1,447 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Playtika by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock valued at $29,000 after purchasing an additional 1,534 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Playtika by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company’s stock valued at $3,726,000 after purchasing an additional 1,639 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Playtika by 2.0% during the 1st quarter. SummerHaven Investment Management LLC now owns 103,334 shares of the company’s stock worth $534,000 after acquiring an additional 2,006 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Playtika by 3.0% during the 4th quarter. Invesco Ltd. now owns 78,390 shares of the company’s stock worth $544,000 after acquiring an additional 2,304 shares during the period. 11.94% of the stock is currently owned by institutional investors.

Playtika Stock Down 3.0%

Shares of Playtika stock opened at $4.49 on Friday. The company has a market cap of $1.68 billion, a PE ratio of 11.82, a P/E/G ratio of 1.19 and a beta of 0.85. The business has a 50 day moving average of $4.78 and a 200 day moving average of $5.51. Playtika Holding Corp. has a 52 week low of $3.97 and a 52 week high of $8.80.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). Playtika had a negative return on equity of 149.09% and a net margin of 5.37%. The firm had revenue of $706.00 million during the quarter, compared to analysts’ expectations of $699.67 million. During the same period in the previous year, the company earned $0.14 earnings per share. Playtika’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, research analysts anticipate that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Monday, June 23rd were given a dividend of $0.10 per share. The ex-dividend date was Monday, June 23rd. This represents a $0.40 annualized dividend and a dividend yield of 8.91%. Playtika’s dividend payout ratio (DPR) is presently 105.26%.

Insider Activity at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 150,869 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $4.77, for a total value of $719,645.13. Following the transaction, the insider owned 199,359,642 shares of the company’s stock, valued at approximately $950,945,492.34. This represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 739,922 shares of company stock worth $3,548,194 over the last 90 days. Company insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PLTK shares. Morgan Stanley reduced their target price on Playtika from $7.25 to $5.75 and set an “equal weight” rating for the company in a report on Thursday, April 17th. Wedbush raised Playtika to a “strong-buy” rating in a report on Tuesday, July 1st. Finally, Bank of America upgraded Playtika from an “underperform” rating to a “buy” rating and lifted their price target for the company from $6.00 to $6.50 in a research report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.68.

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.