Bank of Montreal Can Acquires New Position in Playtika Holding Corp. $PLTK

Bank of Montreal Can bought a new position in Playtika Holding Corp. (NASDAQ:PLTK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 18,526 shares of the company’s stock, valued at approximately $88,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PLTK. Quarry LP purchased a new position in shares of Playtika during the first quarter worth approximately $29,000. US Bancorp DE raised its position in 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 purchasing an additional 4,946 shares during the period. Brooklyn Investment Group lifted its stake in Playtika by 15,890.5% in the first quarter. Brooklyn Investment Group now owns 6,716 shares of the company’s stock worth $35,000 after purchasing an additional 6,674 shares during the last quarter. CreativeOne Wealth LLC purchased a new stake in Playtika during the first quarter valued at about $52,000. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Playtika during the second quarter valued at about $60,000. 11.94% of the stock is currently owned by institutional investors.

Playtika Stock Up 1.6%

Shares of Playtika stock opened at $3.77 on Friday. The business has a 50 day moving average of $3.73 and a 200 day moving average of $4.20. Playtika Holding Corp. has a 52 week low of $3.31 and a 52 week high of $8.80. The company has a market cap of $1.42 billion, a PE ratio of 15.71, a P/E/G ratio of 3.49 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Playtika had a net margin of 3.16% and a negative return on equity of 114.44%. The business had revenue of $674.60 million for the quarter, compared to analysts’ expectations of $669.60 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. Playtika has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be issued a $0.10 dividend. The ex-dividend date is Friday, December 26th. This represents a $0.40 annualized dividend and a yield of 10.6%. Playtika’s dividend payout ratio (DPR) is 166.67%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PLTK. Loop Capital set a $3.75 target price on Playtika in a research note on Monday, November 3rd. Wall Street Zen downgraded Playtika from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Wedbush restated an “outperform” rating and issued a $7.00 target price on shares of Playtika in a report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Playtika in a research note on Wednesday, October 8th. Finally, UBS Group dropped their price target 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. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.00.

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.