R Squared Ltd Sells 5,019 Shares of Playtika Holding Corp. $PLTK

R Squared Ltd reduced its stake in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 33.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,071 shares of the company’s stock after selling 5,019 shares during the quarter. R Squared Ltd’s holdings in Playtika were worth $48,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Allworth Financial LP increased its stake in shares of Playtika by 117.1% in the 1st quarter. Allworth Financial LP now owns 4,996 shares of the company’s stock valued at $26,000 after acquiring an additional 2,695 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in shares of Playtika by 2.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 106,151 shares of the company’s stock valued at $502,000 after acquiring an additional 2,817 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Playtika by 21.8% in the 1st quarter. New York State Common Retirement Fund now owns 23,143 shares of the company’s stock valued at $120,000 after acquiring an additional 4,145 shares during the last quarter. US Bancorp DE increased its stake in shares of Playtika by 280.9% in the 1st quarter. US Bancorp DE now owns 6,707 shares of the company’s stock valued at $35,000 after acquiring an additional 4,946 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Playtika in the 1st quarter valued at about $29,000. 11.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PLTK. UBS Group dropped their price target on Playtika from $5.50 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, September 11th. Wedbush dropped their price target on Playtika from $11.50 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Playtika in a research report on Saturday. Finally, Wall Street Zen raised Playtika from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Playtika has an average rating of “Hold” and an average price target of $6.66.

Playtika Stock Performance

NASDAQ PLTK opened at $3.67 on Monday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 1.24 and a beta of 0.86. The stock’s 50 day moving average price is $3.65 and its two-hundred day moving average price is $4.36. Playtika Holding Corp. has a 52 week low of $3.31 and a 52 week high of $8.80.

Playtika (NASDAQ:PLTK) last released its earnings results on Thursday, August 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.13). The firm had revenue of $696.00 million during the quarter, compared to the consensus estimate of $706.03 million. Playtika had a net margin of 3.23% and a negative return on equity of 83.90%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. Playtika has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 26th. This represents a $0.40 annualized dividend and a dividend yield of 10.9%. Playtika’s payout ratio is 166.67%.

Playtika Company 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.