Playtika Holding Corp. $PLTK Stake Lifted by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 30.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,816,734 shares of the company’s stock after acquiring an additional 420,100 shares during the quarter. Geode Capital Management LLC’s holdings in Playtika were worth $8,594,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new position in Playtika during the 1st quarter valued at $29,000. US Bancorp DE lifted its holdings in shares of Playtika by 280.9% in the first quarter. US Bancorp DE now owns 6,707 shares of the company’s stock valued at $35,000 after buying an additional 4,946 shares during the period. Brooklyn Investment Group boosted its stake in 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 buying an additional 6,674 shares in the last quarter. CreativeOne Wealth LLC bought a new position in Playtika during the first quarter valued at about $52,000. Finally, ProShare Advisors LLC acquired a new position in Playtika during the second quarter worth about $55,000. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PLTK shares. Wedbush reissued an “outperform” rating and issued a $7.00 price target on shares of Playtika in a report on Friday, October 31st. Weiss Ratings raised shares of Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. UBS Group decreased their price target 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. Loop Capital set a $3.75 price target on Playtika in a report on Monday, November 3rd. Finally, Wall Street Zen lowered Playtika from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.00.

Playtika Stock Performance

Shares of PLTK opened at $4.22 on Friday. The company has a market capitalization of $1.59 billion, a PE ratio of 17.58, a PEG ratio of 3.95 and a beta of 0.84. The company’s 50 day moving average price is $3.83 and its 200 day moving average price is $4.14. Playtika Holding Corp. has a 52 week low of $3.31 and a 52 week high of $8.74.

Playtika (NASDAQ:PLTK) last issued its earnings results on Thursday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Playtika had a net margin of 3.16% and a negative return on equity of 114.44%. The company had revenue of $674.60 million during the quarter, compared to analyst estimates of $669.60 million. During the same quarter last year, the business posted $0.11 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities analysts forecast that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal year.

Playtika Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be paid 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 9.5%. Playtika’s dividend payout ratio (DPR) 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.