US Bancorp DE Grows Stock Holdings in Playtika Holding Corp. $PLTK

US Bancorp DE grew its holdings in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 280.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,707 shares of the company’s stock after buying an additional 4,946 shares during the quarter. US Bancorp DE’s holdings in Playtika were worth $35,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. XTX Topco Ltd purchased a new position in shares of Playtika in the first quarter valued at $561,000. Banque Cantonale Vaudoise purchased a new position in shares of Playtika in the first quarter valued at $154,000. GSA Capital Partners LLP boosted its stake in shares of Playtika by 412.0% in the first quarter. GSA Capital Partners LLP now owns 142,118 shares of the company’s stock valued at $735,000 after purchasing an additional 114,359 shares during the period. ARK Investment Management LLC boosted its stake in shares of Playtika by 14.6% in the first quarter. ARK Investment Management LLC now owns 275,372 shares of the company’s stock valued at $1,424,000 after purchasing an additional 35,069 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Playtika in the first quarter valued at $451,000. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wedbush decreased their target price on shares of Playtika from $11.50 to $7.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Playtika from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $7.04.

Insider Buying and Selling at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 150,869 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $4.77, for a total transaction of $719,645.13. Following the sale, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.80% of the company’s stock.

Playtika Price Performance

NASDAQ PLTK opened at $3.70 on Wednesday. Playtika Holding Corp. has a 12 month low of $3.52 and a 12 month high of $8.80. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.26 and a beta of 0.85. The company’s fifty day moving average price is $4.51 and its two-hundred day moving average price is $5.07.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.13). Playtika had a net margin of 3.23% and a negative return on equity of 83.90%. The company had revenue of $696.00 million for the quarter, compared to the consensus estimate of $706.03 million. During the same quarter last year, the company earned $0.23 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. Playtika has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date of this dividend is Friday, September 26th. Playtika’s dividend payout ratio is 166.67%.

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.