Charles Schwab Investment Management Inc. Buys 423,738 Shares of Playtika Holding Corp. $PLTK

Charles Schwab Investment Management Inc. raised its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 143.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 719,263 shares of the company’s stock after purchasing an additional 423,738 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.19% of Playtika worth $3,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Playtika by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company’s stock worth $3,726,000 after acquiring an additional 1,639 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of Playtika by 2.0% in 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 last quarter. Invesco Ltd. lifted its holdings in shares of Playtika by 3.0% in 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 last quarter. Allworth Financial LP lifted its holdings in shares of Playtika by 117.1% in the 1st quarter. Allworth Financial LP now owns 4,996 shares of the company’s stock worth $26,000 after acquiring an additional 2,695 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Playtika by 5.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 56,416 shares of the company’s stock worth $392,000 after acquiring an additional 2,886 shares during the last quarter. 11.94% of the stock is currently owned by institutional investors.

Playtika Trading Up 0.5%

Shares of Playtika stock opened at $3.71 on Friday. The company’s fifty day simple moving average is $4.35 and its two-hundred day simple moving average is $4.89. The company has a market cap of $1.39 billion, a P/E ratio of 15.46, a PEG ratio of 1.24 and a beta of 0.85. Playtika Holding Corp. has a 12-month low of $3.52 and a 12-month high of $8.80.

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

Playtika Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PLTK shares. Wall Street Zen upgraded shares of Playtika from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Wedbush lowered their price target on shares of Playtika from $11.50 to $7.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Playtika currently has an average rating of “Hold” and a consensus target price of $7.04.

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.