Playtika Holding Corp. $PLTK Shares Sold by LSV Asset Management

LSV Asset Management cut its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 11.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 5,789,066 shares of the company’s stock after selling 745,102 shares during the period. LSV Asset Management owned about 1.54% of Playtika worth $22,519,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Savant Capital LLC increased its stake in shares of Playtika by 21.0% during the third quarter. Savant Capital LLC now owns 52,132 shares of the company’s stock worth $203,000 after purchasing an additional 9,055 shares in the last quarter. State of Wyoming increased its stake in Playtika by 739.1% during the 3rd quarter. State of Wyoming now owns 86,578 shares of the company’s stock worth $337,000 after buying an additional 76,260 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Playtika by 1,771.2% during the third quarter. New York State Common Retirement Fund now owns 250,698 shares of the company’s stock valued at $975,000 after acquiring an additional 237,300 shares during the last quarter. Covestor Ltd lifted its position in shares of Playtika by 35.3% in the third quarter. Covestor Ltd now owns 25,280 shares of the company’s stock valued at $98,000 after acquiring an additional 6,593 shares in the last quarter. Finally, Williams & Novak LLC boosted its stake in shares of Playtika by 21.9% in the third quarter. Williams & Novak LLC now owns 104,080 shares of the company’s stock worth $405,000 after acquiring an additional 18,695 shares during the last quarter. 11.94% of the stock is owned by hedge funds and other institutional investors.

Playtika Price Performance

Shares of NASDAQ PLTK opened at $3.29 on Friday. The company has a market capitalization of $1.24 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.88 and a beta of 0.84. The company has a 50 day simple moving average of $3.80 and a 200-day simple moving average of $3.81. Playtika Holding Corp. has a 1 year low of $3.25 and a 1 year high of $7.55.

Analysts Set New Price Targets

PLTK has been the topic of a number of research reports. Wall Street Zen lowered Playtika from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Wedbush reaffirmed an “outperform” rating and set a $7.00 price objective on shares of Playtika in a research note on Friday, October 31st. Loop Capital set a $3.75 target price on shares of Playtika in a research note on Monday, November 3rd. Finally, Weiss Ratings upgraded Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $6.00.

Playtika 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.