Playtika Holding Corp. (NASDAQ:PLTK) Shares Acquired by Cwm LLC

Cwm LLC increased its stake in Playtika Holding Corp. (NASDAQ:PLTK) by 65.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,971 shares of the company’s stock after acquiring an additional 33,902 shares during the quarter. Cwm LLC’s holdings in Playtika were worth $681,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Russell Investments Group Ltd. grew its holdings in shares of Playtika by 0.8% during the first quarter. Russell Investments Group Ltd. now owns 184,926 shares of the company’s stock valued at $1,304,000 after buying an additional 1,495 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Playtika by 3.3% during the third quarter. SG Americas Securities LLC now owns 99,306 shares of the company’s stock valued at $787,000 after buying an additional 3,206 shares in the last quarter. Dynamic Advisor Solutions LLC grew its holdings in shares of Playtika by 16.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 22,695 shares of the company’s stock valued at $179,000 after buying an additional 3,265 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Playtika during the second quarter valued at $31,000. Finally, Versant Capital Management Inc purchased a new position in shares of Playtika during the second quarter valued at $36,000. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Playtika Price Performance

Shares of NASDAQ:PLTK opened at $7.56 on Friday. Playtika Holding Corp. has a fifty-two week low of $6.25 and a fifty-two week high of $9.55. The business has a 50-day moving average of $7.53 and a two-hundred day moving average of $7.72. The stock has a market capitalization of $2.81 billion, a P/E ratio of 13.26, a P/E/G ratio of 1.55 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.23 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $640.27 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, research analysts expect that Playtika Holding Corp. will post 0.73 EPS for the current fiscal year.

Playtika Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were given a dividend of $0.10 per share. The ex-dividend date was Friday, September 20th. This represents a $0.40 annualized dividend and a dividend yield of 5.29%. Playtika’s dividend payout ratio is presently 70.18%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PLTK. Wedbush reiterated an “outperform” rating and set a $11.50 price target on shares of Playtika in a report on Thursday, September 19th. Morgan Stanley boosted their target price on Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Roth Mkm lowered their target price on Playtika from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group started coverage on Playtika in a research note on Monday, June 24th. They issued a “neutral” rating and a $8.50 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.