387,827 Shares in Playtika Holding Corp. $PLTK Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 387,827 shares of the company’s stock, valued at approximately $1,509,000. Assenagon Asset Management S.A. owned about 0.10% of Playtika as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Playtika during the second quarter valued at approximately $27,000. Quarry LP bought a new position in Playtika in the 1st quarter valued at approximately $29,000. CreativeOne Wealth LLC bought a new position in Playtika in the 1st quarter valued at approximately $52,000. EP Wealth Advisors LLC purchased a new stake in Playtika during the 2nd quarter valued at $52,000. Finally, ProShare Advisors LLC purchased a new stake in Playtika during the 2nd quarter valued at $55,000. 11.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Loop Capital set a $3.75 price target on Playtika in a report on Monday, November 3rd. Wall Street Zen raised Playtika from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Wedbush reaffirmed an “outperform” rating and set a $7.00 price target on shares of Playtika in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Playtika in a research note on Monday. Finally, UBS Group lowered their price objective on shares of Playtika from $5.50 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, September 11th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.00.

Playtika Stock Performance

Shares of NASDAQ:PLTK opened at $4.11 on Thursday. The stock’s 50-day simple moving average is $3.98 and its two-hundred day simple moving average is $4.08. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 3.77 and a beta of 0.84. Playtika Holding Corp. has a 52-week low of $3.31 and a 52-week high of $7.58.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The firm had revenue of $674.60 million for the quarter, compared to analysts’ expectations of $669.60 million. Playtika had a net margin of 3.16% and a negative return on equity of 114.44%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 EPS. As a group, equities analysts forecast 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 will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.7%. Playtika’s payout ratio is presently 166.67%.

Playtika Company Profile

Playtika Ltd. (NASDAQ: PLTK) is a leading developer and publisher of free-to-play mobile and social games. Established in 2010 and headquartered in Herzliya, Israel, the company has built a reputation for creating engaging, social casino and casual gaming experiences. Playtika’s platform leverages data-driven analytics and in-game community features to drive player retention and monetization across multiple titles.

The company’s diverse portfolio includes flagship social casino games such as Slotomania, Bingo Blitz and Caesars Casino, as well as skill-based and casual offerings like World Series of Poker and House of Fun.