44,294 Shares in Playtika Holding Corp. $PLTK Purchased by Diversified Trust Co

Diversified Trust Co acquired a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 44,294 shares of the company’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PLTK. SummerHaven Investment Management LLC increased its position in shares of Playtika by 2.0% during the first quarter. SummerHaven Investment Management LLC now owns 103,334 shares of the company’s stock valued at $534,000 after acquiring an additional 2,006 shares during the last quarter. Allworth Financial LP increased its holdings in Playtika by 117.1% in the 1st quarter. Allworth Financial LP now owns 4,996 shares of the company’s stock valued at $26,000 after purchasing an additional 2,695 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Playtika by 5.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 56,416 shares of the company’s stock valued at $392,000 after purchasing an additional 2,886 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Playtika by 21.8% in the first quarter. New York State Common Retirement Fund now owns 23,143 shares of the company’s stock valued at $120,000 after buying an additional 4,145 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Playtika by 280.9% in the first quarter. US Bancorp DE now owns 6,707 shares of the company’s stock valued at $35,000 after buying an additional 4,946 shares in the last quarter. 11.94% of the stock is owned by institutional investors and hedge funds.

Playtika Price Performance

NASDAQ PLTK opened at $3.57 on Thursday. Playtika Holding Corp. has a 52 week low of $3.42 and a 52 week high of $8.80. The stock has a market capitalization of $1.34 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.20 and a beta of 0.84. The firm has a 50 day moving average of $3.94 and a two-hundred day moving average of $4.55.

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

Playtika Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 11.2%. The ex-dividend date of this dividend is Friday, September 26th. Playtika’s dividend payout ratio is 166.67%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PLTK. Wedbush dropped their price objective on 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 raised Playtika from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, UBS Group dropped their price objective on shares of Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a report on Thursday, September 11th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.66.

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.