Impact Partnership Wealth LLC Has $192,000 Stock Position in Playtika Holding Corp. $PLTK

Impact Partnership Wealth LLC raised its position in Playtika Holding Corp. (NASDAQ:PLTK) by 15.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 40,572 shares of the company’s stock after purchasing an additional 5,481 shares during the period. Impact Partnership Wealth LLC’s holdings in Playtika were worth $192,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PLTK. Allworth Financial LP raised its holdings in 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 in the last quarter. Quarry LP acquired a new position in Playtika in the 1st quarter valued at approximately $29,000. US Bancorp DE raised its holdings in 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 in the last quarter. Brooklyn Investment Group raised its holdings in Playtika by 15,890.5% in the 1st quarter. Brooklyn Investment Group now owns 6,716 shares of the company’s stock valued at $35,000 after acquiring an additional 6,674 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in Playtika in the 1st quarter valued at approximately $52,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PLTK. Wedbush reiterated an “outperform” rating and issued a $7.00 price objective on shares of Playtika in a research note on Friday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Playtika in a research note on Wednesday, October 8th. UBS Group lowered their price objective on Playtika from $5.50 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. Finally, Wall Street Zen upgraded Playtika from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.66.

Playtika Price Performance

PLTK stock opened at $3.67 on Friday. The business has a fifty day moving average price of $3.65 and a 200 day moving average price of $4.33. Playtika Holding Corp. has a fifty-two week low of $3.31 and a fifty-two week high of $8.80. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 15.29, a P/E/G ratio of 1.25 and a beta of 0.86.

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

Playtika Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Friday, September 26th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend was Friday, September 26th. Playtika’s dividend payout ratio (DPR) is currently 166.67%.

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.