AQR Capital Management LLC Increases Stock Position in Playtika Holding Corp. (NASDAQ:PLTK)

AQR Capital Management LLC grew its stake in Playtika Holding Corp. (NASDAQ:PLTK) by 66.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,836,383 shares of the company’s stock after buying an additional 3,132,272 shares during the period. AQR Capital Management LLC owned approximately 2.11% of Playtika worth $61,672,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Commerce Bank purchased a new position in Playtika in the fourth quarter worth $88,000. Alaska Permanent Fund Corp boosted its holdings in shares of Playtika by 362.8% in the 1st quarter. Alaska Permanent Fund Corp now owns 225,673 shares of the company’s stock worth $1,591,000 after purchasing an additional 176,913 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Playtika during the 1st quarter valued at about $82,000. DGS Capital Management LLC purchased a new position in shares of Playtika during the 1st quarter valued at about $90,000. Finally, Prairiewood Capital LLC bought a new stake in Playtika in the 1st quarter worth approximately $234,000. Institutional investors own 11.94% of the company’s stock.

Playtika Stock Performance

Shares of PLTK stock opened at $7.94 on Friday. The firm has a market cap of $2.95 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.61 and a beta of 0.85. The business’s 50 day moving average price is $7.46 and its 200-day moving average price is $7.66. Playtika Holding Corp. has a fifty-two week low of $6.25 and a fifty-two week high of $9.87.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings data 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 net margin of 8.44% and a negative return on equity of 127.12%. The business had revenue of $627.00 million for the quarter, compared to the consensus estimate of $640.27 million. During the same period in the previous year, the firm earned $0.21 EPS. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts predict that Playtika Holding Corp. will post 0.73 EPS for the current year.

Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.40 annualized dividend and a yield of 5.04%. Playtika’s dividend payout ratio (DPR) is presently 72.73%.

Analysts Set New Price Targets

Several research analysts have commented on PLTK shares. Roth Mkm decreased their price target on shares of Playtika from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Morgan Stanley boosted their price target on shares of Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Wedbush reaffirmed an “outperform” rating and set a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. Macquarie lowered Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 target price for the company. in a research note on Thursday, June 13th. Finally, UBS Group started coverage on Playtika in a research report on Monday, June 24th. They set a “neutral” rating and a $8.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.29.

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.