LSV Asset Management Trims Stake in Playtika Holding Corp. $PLTK

LSV Asset Management cut its position in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 3.2% in the fourth quarter, HoldingsChannel reports. The firm owned 5,605,975 shares of the company’s stock after selling 183,091 shares during the period. LSV Asset Management’s holdings in Playtika were worth $22,144,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Denali Advisors LLC purchased a new position in shares of Playtika during the third quarter valued at $3,004,000. New York State Common Retirement Fund increased its stake in shares of Playtika by 1,771.2% during the third quarter. New York State Common Retirement Fund now owns 250,698 shares of the company’s stock valued at $975,000 after buying an additional 237,300 shares during the period. State of Wyoming increased its stake in shares of Playtika by 739.1% during the third quarter. State of Wyoming now owns 86,578 shares of the company’s stock valued at $337,000 after buying an additional 76,260 shares during the period. NorthCrest Asset Manangement LLC purchased a new position in shares of Playtika during the third quarter valued at $46,000. Finally, CWM LLC increased its stake in shares of Playtika by 57.5% during the fourth quarter. CWM LLC now owns 197,153 shares of the company’s stock valued at $779,000 after buying an additional 72,016 shares during the period. 11.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wedbush lowered Playtika from an “outperform” rating to a “neutral” rating and set a $3.00 price target on the stock. in a research note on Monday, March 2nd. The Goldman Sachs Group cut their price target on Playtika from $4.75 to $4.25 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Wall Street Zen lowered Playtika from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Citigroup cut their price target on Playtika from $7.00 to $5.50 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Weiss Ratings lowered Playtika from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.10.

Playtika Price Performance

Shares of PLTK stock opened at $3.42 on Monday. Playtika Holding Corp. has a 1-year low of $2.64 and a 1-year high of $5.05. The stock’s 50-day moving average is $3.26 and its 200 day moving average is $3.56. The company has a market cap of $1.30 billion, a P/E ratio of -4.44 and a beta of 1.08.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). Playtika had a negative net margin of 10.54% and a negative return on equity of 67.46%. The company had revenue of $744.70 million for the quarter, compared to the consensus estimate of $694.69 million. During the same period in the previous year, the business earned $0.08 EPS. Playtika’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Playtika Holding Corp. will post 0.58 EPS for the current year.

About Playtika

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.