Creative Planning Has $80,000 Stake in Playtika Holding Corp. (NASDAQ:PLTK)

Creative Planning cut its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 40.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,041 shares of the company’s stock after selling 6,818 shares during the quarter. Creative Planning’s holdings in Playtika were worth $80,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PLTK. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Playtika in the second quarter worth approximately $31,000. Versant Capital Management Inc acquired a new position in shares of Playtika in the 2nd quarter worth approximately $36,000. Acadian Asset Management LLC bought a new stake in shares of Playtika in the 2nd quarter valued at $43,000. Headlands Technologies LLC boosted its stake in shares of Playtika by 648.8% in the 2nd quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock valued at $53,000 after purchasing an additional 5,794 shares during the last quarter. Finally, Ariadne Wealth Management LP bought a new position in Playtika during the second quarter worth $82,000. Institutional investors own 11.94% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on PLTK shares. Morgan Stanley upped their price target on shares of Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Wedbush restated an “outperform” rating and set a $11.50 target price on shares of Playtika in a research report on Thursday, September 19th. Macquarie reiterated a “neutral” rating and issued a $7.00 target price on shares of Playtika in a report on Friday, November 8th. Finally, Roth Mkm boosted their price target on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9.18.

Playtika Stock Up 1.7 %

Shares of PLTK opened at $8.55 on Wednesday. The business’s fifty day moving average is $7.72 and its 200 day moving average is $7.83. Playtika Holding Corp. has a 12-month low of $6.25 and a 12-month high of $9.23. The stock has a market cap of $3.18 billion, a P/E ratio of 14.50, a P/E/G ratio of 1.72 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Playtika had a net margin of 8.52% and a negative return on equity of 129.21%. The business had revenue of $620.80 million during the quarter, compared to the consensus estimate of $622.46 million. During the same period last year, the business posted $0.19 earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. On average, analysts expect that Playtika Holding Corp. will post 0.71 EPS for the current year.

Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Friday, December 20th. Playtika’s dividend payout ratio (DPR) is presently 68.97%.

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.