Chicago Partners Investment Group LLC Makes New $60,000 Investment in Playtika Holding Corp. $PLTK

Chicago Partners Investment Group LLC bought a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,265 shares of the company’s stock, valued at approximately $60,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PLTK. Allworth Financial LP increased 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 period. Quarry LP acquired a new stake in shares of Playtika in the 1st quarter worth about $29,000. US Bancorp DE increased its holdings in shares of Playtika by 280.9% in the 1st quarter. US Bancorp DE now owns 6,707 shares of the company’s stock worth $35,000 after acquiring an additional 4,946 shares during the period. Brooklyn Investment Group increased its holdings in shares of Playtika by 15,890.5% in the 1st quarter. Brooklyn Investment Group now owns 6,716 shares of the company’s stock worth $35,000 after acquiring an additional 6,674 shares during the period. Finally, CreativeOne Wealth LLC acquired a new stake in shares of Playtika in the 1st quarter worth about $52,000. 11.94% of the stock is owned by institutional investors and hedge funds.

Playtika Price Performance

Shares of PLTK opened at $3.67 on Friday. Playtika Holding Corp. has a one year low of $3.31 and a one year high of $8.80. The company has a 50-day moving average of $3.65 and a two-hundred day moving average of $4.37. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 1.24 and a beta of 0.86.

Playtika (NASDAQ:PLTK) last announced its 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). Playtika had a negative return on equity of 83.90% and a net margin of 3.23%.The firm had revenue of $696.00 million during the quarter, compared to analyst estimates of $706.03 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Playtika has set its FY 2025 guidance at EPS. Analysts anticipate that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 10.9%. The ex-dividend date was Friday, September 26th. Playtika’s dividend payout ratio (DPR) is presently 166.67%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PLTK. UBS Group decreased their target price on shares of Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th. 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 report on Friday, August 8th. Wall Street Zen upgraded shares of Playtika from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Playtika in a research report on Saturday. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Playtika has an average rating of “Hold” and an average 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.