Playtika Holding Corp. $PLTK Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. reduced its stake in Playtika Holding Corp. (NASDAQ:PLTK) by 53.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,130 shares of the company’s stock after selling 64,300 shares during the period. Bessemer Group Inc.’s holdings in Playtika were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Allworth Financial LP lifted its stake in Playtika by 117.1% during the first 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. Quarry LP acquired a new stake in shares of Playtika during the first quarter valued at approximately $29,000. US Bancorp DE raised its holdings in shares of Playtika by 280.9% during the first quarter. US Bancorp DE now owns 6,707 shares of the company’s stock valued at $35,000 after acquiring an additional 4,946 shares during the period. Brooklyn Investment Group raised its holdings in shares of Playtika by 15,890.5% during the first quarter. Brooklyn Investment Group now owns 6,716 shares of the company’s stock valued at $35,000 after acquiring an additional 6,674 shares during the period. Finally, CreativeOne Wealth LLC acquired a new stake in shares of Playtika during the first quarter valued at approximately $52,000. 11.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PLTK has been the topic of several research reports. UBS Group dropped their price objective on shares of Playtika from $5.50 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Playtika in a research report on Wednesday, October 8th. Wedbush reissued an “outperform” rating and issued a $7.00 target price on shares of Playtika in a research report on Friday. Loop Capital set a $3.75 target price on shares of Playtika in a research report on Monday. Finally, Wall Street Zen raised shares of Playtika from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $6.33.

Playtika Price Performance

Shares of Playtika stock opened at $3.71 on Tuesday. Playtika Holding Corp. has a fifty-two week low of $3.31 and a fifty-two week high of $8.80. The firm has a fifty day moving average price of $3.65 and a two-hundred day moving average price of $4.31. The company has a market cap of $1.39 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.24 and a beta of 0.86.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.02 earnings per share (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 business had revenue of $696.00 million during the quarter, compared to analyst estimates of $706.03 million. During the same quarter in the prior year, the company posted $0.23 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Playtika has set its FY 2025 guidance at EPS. 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 disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were paid a $0.10 dividend. The ex-dividend date was Friday, September 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.8%. Playtika’s dividend payout ratio is currently 166.67%.

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.