Wedbush Securities Inc. Sells 324,575 Shares of Playtika Holding Corp. $PLTK

Wedbush Securities Inc. trimmed its position in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 89.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,200 shares of the company’s stock after selling 324,575 shares during the period. Wedbush Securities Inc.’s holdings in Playtika were worth $146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Playtika in the 2nd quarter worth $22,230,000. AQR Capital Management LLC grew its position in Playtika by 65.7% in the second quarter. AQR Capital Management LLC now owns 6,331,123 shares of the company’s stock worth $29,630,000 after acquiring an additional 2,511,228 shares in the last quarter. Jane Street Group LLC increased its stake in Playtika by 536.3% during the first quarter. Jane Street Group LLC now owns 1,354,552 shares of the company’s stock worth $7,003,000 after acquiring an additional 1,141,685 shares during the last quarter. Man Group plc bought a new stake in Playtika during the second quarter worth approximately $2,554,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Playtika by 20.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,972,998 shares of the company’s stock valued at $15,455,000 after purchasing an additional 679,564 shares during the period. 11.94% of the stock is currently owned by institutional investors.

Playtika Stock Performance

Shares of NASDAQ PLTK opened at $2.20 on Friday. The business’s 50 day moving average price is $3.26 and its 200-day moving average price is $3.26. Playtika Holding Corp. has a fifty-two week low of $2.09 and a fifty-two week high of $4.42. The company has a market cap of $839.12 million, a price-to-earnings ratio of -3.01 and a beta of 1.00.

Analyst Ratings Changes

PLTK has been the subject of several analyst reports. Wall Street Zen lowered Playtika from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. TD Cowen restated a “buy” rating on shares of Playtika in a report on Tuesday, June 9th. Citigroup dropped their price objective on shares of Playtika from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Thursday. Morgan Stanley set a $4.25 target price on shares of Playtika in a research note on Monday, August 10th. Finally, Wedbush raised their target price on shares of Playtika from $3.00 to $4.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Playtika currently has an average rating of “Hold” and a consensus target price of $3.79.

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.