International Assets Investment Management LLC Takes $58,000 Position in Playtika Holding Corp. $PLTK

International Assets Investment Management LLC purchased a new stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,340 shares of the company’s stock, valued at approximately $58,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTK. Monument Capital Management boosted its stake in Playtika by 48.1% during the first quarter. Monument Capital Management now owns 20,021 shares of the company’s stock valued at $104,000 after buying an additional 6,498 shares during the last quarter. Vontobel Holding Ltd. bought a new position in Playtika during the first quarter valued at approximately $343,000. Allworth Financial LP boosted its stake in Playtika by 117.1% during the first quarter. Allworth Financial LP now owns 4,996 shares of the company’s stock valued at $26,000 after buying an additional 2,695 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Playtika by 21.8% during the first quarter. New York State Common Retirement Fund now owns 23,143 shares of the company’s stock valued at $120,000 after buying an additional 4,145 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Playtika during the first quarter valued at approximately $171,000. 11.94% of the stock is owned by institutional investors.

Playtika Price Performance

NASDAQ:PLTK opened at $3.67 on Friday. The business has a 50 day simple moving average of $3.65 and a 200-day simple moving average of $4.37. Playtika Holding Corp. has a 1 year low of $3.31 and a 1 year high of $8.80. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 1.22 and a beta of 0.86.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.13). Playtika had a negative return on equity of 83.90% and a net margin of 3.23%.The business had revenue of $696.00 million during the quarter, compared to analysts’ expectations of $706.03 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Playtika has set its FY 2025 guidance at EPS. As a group, analysts expect that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal year.

Playtika Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 10.9%. The ex-dividend date was Friday, September 26th. Playtika’s dividend payout ratio is presently 166.67%.

Analysts Set New Price Targets

PLTK has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Playtika in a research note on Wednesday, October 8th. UBS Group lowered their price objective on Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. Wedbush lowered their price objective on Playtika from $11.50 to $7.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Finally, Wall Street Zen raised Playtika from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.66.

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.