Pallas Capital Advisors LLC Grows Stock Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

Pallas Capital Advisors LLC lifted its position in Playtika Holding Corp. (NASDAQ:PLTK) by 41.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,249 shares of the company’s stock after buying an additional 13,787 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Playtika were worth $359,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in Playtika by 170.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 53,530 shares of the company’s stock worth $424,000 after purchasing an additional 33,711 shares during the period. Impact Partnership Wealth LLC acquired a new position in shares of Playtika in the third quarter valued at approximately $292,000. International Assets Investment Management LLC increased its stake in Playtika by 692.0% during the 3rd quarter. International Assets Investment Management LLC now owns 11,484 shares of the company’s stock worth $91,000 after buying an additional 10,034 shares during the period. CWM LLC lifted its holdings in Playtika by 65.1% during the 3rd quarter. CWM LLC now owns 85,971 shares of the company’s stock worth $681,000 after buying an additional 33,902 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Playtika by 3.3% during the 3rd quarter. SG Americas Securities LLC now owns 99,306 shares of the company’s stock worth $787,000 after buying an additional 3,206 shares in the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

Analysts Set New Price Targets

PLTK has been the topic of a number of recent research reports. Roth Mkm cut their price objective on Playtika from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley upped their price target on Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Finally, Wedbush reiterated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9.29.

Playtika Stock Down 1.3 %

PLTK opened at $7.83 on Friday. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.58 and a beta of 0.85. The business’s 50 day moving average is $7.65 and its two-hundred day moving average is $7.76. Playtika Holding Corp. has a 52 week low of $6.25 and a 52 week high of $9.23.

Playtika (NASDAQ:PLTK) last released its earnings results on Wednesday, August 7th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. The company had revenue of $627.00 million during the quarter, compared to analysts’ expectations of $640.27 million. Playtika had a net margin of 8.44% and a negative return on equity of 127.12%. The business’s revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.21 EPS. Equities analysts expect that Playtika Holding Corp. will post 0.73 EPS for the current fiscal year.

Playtika Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date was Friday, September 20th. Playtika’s dividend payout ratio is currently 70.18%.

Playtika 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.