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

International Assets Investment Management LLC purchased a new position in Playtika Holding Corp. (NASDAQ:PLTK) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,340 shares of the company’s stock, valued at approximately $58,000.

Other hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC increased its position in Playtika by 366.2% during the first quarter. Acadian Asset Management LLC now owns 1,547,829 shares of the company’s stock valued at $7,989,000 after acquiring an additional 1,215,843 shares during the last quarter. Jane Street Group LLC increased its position in Playtika by 536.3% during the first quarter. Jane Street Group LLC now owns 1,354,552 shares of the company’s stock valued at $7,003,000 after acquiring an additional 1,141,685 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Playtika by 143.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 719,263 shares of the company’s stock valued at $3,719,000 after acquiring an additional 423,738 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Playtika by 6.4% during the first quarter. The Manufacturers Life Insurance Company now owns 3,113,062 shares of the company’s stock valued at $16,095,000 after acquiring an additional 186,208 shares during the last quarter. Finally, New Vernon Capital Holdings II LLC purchased a new stake in Playtika during the first quarter valued at $849,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Playtika in a research report on Wednesday, October 8th. Wedbush reduced their price objective on Playtika from $11.50 to $7.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. UBS Group reduced their price objective on Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th. Finally, Wall Street Zen raised Playtika from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.66.

Playtika Stock Performance

NASDAQ:PLTK opened at $3.67 on Friday. The stock has a 50-day simple moving average of $3.65 and a two-hundred day simple moving average of $4.37. Playtika Holding Corp. has a 52-week low of $3.31 and a 52-week high of $8.80. The firm has a market capitalization of $1.38 billion, a PE ratio of 15.29, a P/E/G ratio of 1.22 and a beta of 0.86.

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

Playtika Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were given a dividend of $0.10 per share. The ex-dividend date was Friday, September 26th. This represents a $0.40 annualized dividend and a dividend yield of 10.9%. Playtika’s dividend payout ratio (DPR) is presently 166.67%.

Playtika Company 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.