Vontobel Holding Ltd. Sells 8,194 Shares of Playtika Holding Corp. $PLTK

Vontobel Holding Ltd. decreased its position in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 12.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,219 shares of the company’s stock after selling 8,194 shares during the quarter. Vontobel Holding Ltd.’s holdings in Playtika were worth $275,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PLTK. Acadian Asset Management LLC grew its position in shares of Playtika by 366.2% during the first quarter. Acadian Asset Management LLC now owns 1,547,829 shares of the company’s stock worth $7,989,000 after purchasing an additional 1,215,843 shares in the last quarter. Jane Street Group LLC boosted its stake in Playtika by 536.3% in the 1st quarter. Jane Street Group LLC now owns 1,354,552 shares of the company’s stock worth $7,003,000 after purchasing an additional 1,141,685 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Playtika by 143.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 719,263 shares of the company’s stock worth $3,719,000 after purchasing an additional 423,738 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Playtika by 6.4% in the first quarter. The Manufacturers Life Insurance Company now owns 3,113,062 shares of the company’s stock worth $16,095,000 after buying an additional 186,208 shares in the last quarter. Finally, New Vernon Capital Holdings II LLC purchased a new position in shares of Playtika in the first quarter worth $849,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PLTK. Wall Street Zen upgraded shares of Playtika from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Wedbush cut their price objective on Playtika from $11.50 to $7.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of Playtika in a research note on Wednesday, October 8th. Finally, UBS Group dropped their price target on Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Playtika currently has a consensus rating of “Hold” and an average target price of $6.66.

Playtika Price Performance

PLTK stock opened at $3.57 on Thursday. The company has a market capitalization of $1.34 billion, a PE ratio of 14.88, a P/E/G ratio of 1.17 and a beta of 0.86. Playtika Holding Corp. has a 12 month low of $3.31 and a 12 month high of $8.80. The firm’s 50-day moving average is $3.67 and its 200 day moving average is $4.44.

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

Playtika Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.40 dividend on an annualized basis and a yield of 11.2%. Playtika’s payout ratio is 166.67%.

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.