Playtika Holding Corp. (NASDAQ:PLTK) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 65.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,813 shares of the company’s stock after selling 57,300 shares during the period. Los Angeles Capital Management LLC’s holdings in Playtika were worth $242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PLTK. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Playtika in the second quarter worth $31,000. Versant Capital Management Inc purchased a new stake in Playtika during the 2nd quarter worth about $36,000. Banque Cantonale Vaudoise acquired a new position in Playtika in the 1st quarter valued at about $82,000. CIBC Asset Management Inc purchased a new position in Playtika in the 2nd quarter valued at about $83,000. Finally, Delap Wealth Advisory LLC acquired a new stake in shares of Playtika during the 1st quarter worth about $84,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Playtika Stock Performance

NASDAQ:PLTK opened at $7.56 on Monday. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.97 and a beta of 0.85. Playtika Holding Corp. has a one year low of $6.25 and a one year high of $10.84. The business’s 50-day simple moving average is $7.44 and its 200 day simple moving average is $7.61.

Playtika (NASDAQ:PLTK) last announced its earnings results on Wednesday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. Playtika had a negative return on equity of 127.12% and a net margin of 8.44%. The company had revenue of $627.00 million for the quarter, compared to analyst estimates of $640.27 million. During the same period in the prior year, the company posted $0.21 EPS. Playtika’s quarterly revenue was down 2.5% on a year-over-year basis. On average, equities research analysts predict that Playtika Holding Corp. will post 0.73 EPS for the current year.

Playtika Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.29%. The ex-dividend date is Friday, September 20th. Playtika’s payout ratio is currently 72.73%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PLTK. UBS Group started coverage on shares of Playtika in a research note on Monday, June 24th. They set a “neutral” rating and a $8.50 price objective on the stock. Morgan Stanley raised their price objective on Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Wedbush reiterated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research note on Thursday, August 8th. Macquarie lowered Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 price target on the stock. in a research note on Thursday, June 13th. Finally, Roth Mkm dropped their price objective on shares of Playtika from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.29.

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.