14,440 Shares in Playtika Holding Corp. $PLTK Bought by EMC Capital Management

EMC Capital Management bought a new stake in Playtika Holding Corp. (NASDAQ:PLTK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,440 shares of the company’s stock, valued at approximately $68,000.

Several other hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Playtika during the 1st quarter worth about $29,000. US Bancorp DE increased its holdings in Playtika by 280.9% in the first quarter. US Bancorp DE now owns 6,707 shares of the company’s stock worth $35,000 after buying an additional 4,946 shares during the last quarter. Brooklyn Investment Group raised its position 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 acquiring an additional 6,674 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in Playtika in the first quarter valued at approximately $52,000. Finally, ProShare Advisors LLC bought a new stake in Playtika in the second quarter worth approximately $55,000. 11.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PLTK shares. Weiss Ratings restated a “sell (d+)” rating on shares of Playtika in a report on Wednesday, October 8th. Loop Capital set a $3.75 target price on Playtika in a report on Monday, November 3rd. UBS Group reduced their price target on Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th. Wall Street Zen lowered Playtika from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Wedbush reissued an “outperform” rating and issued a $7.00 price objective on shares of Playtika in a research note on Friday, October 31st. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Playtika presently has a consensus rating of “Hold” and an average target price of $6.00.

Playtika Price Performance

Playtika stock opened at $3.71 on Friday. Playtika Holding Corp. has a fifty-two week low of $3.31 and a fifty-two week high of $8.80. The firm has a fifty day moving average price of $3.73 and a two-hundred day moving average price of $4.22. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 3.51 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Playtika had a negative return on equity of 114.44% and a net margin of 3.16%.The business had revenue of $674.60 million for the quarter, compared to analyst estimates of $669.60 million. During the same period in the previous year, the company posted $0.11 earnings per share. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. Playtika has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, December 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.8%. Playtika’s payout ratio is 166.67%.

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.