Los Angeles Capital Management LLC Invests $296,000 in Playtika Holding Corp. $PLTK

Los Angeles Capital Management LLC acquired a new stake in Playtika Holding Corp. (NASDAQ:PLTK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 62,640 shares of the company’s stock, valued at approximately $296,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PLTK. Acadian Asset Management LLC grew its position in shares of Playtika by 366.2% in the 1st quarter. Acadian Asset Management LLC now owns 1,547,829 shares of the company’s stock worth $7,989,000 after acquiring an additional 1,215,843 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Playtika by 143.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 719,263 shares of the company’s stock worth $3,719,000 after purchasing an additional 423,738 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Playtika by 4.0% in the first quarter. Vanguard Group Inc. now owns 3,610,729 shares of the company’s stock worth $18,667,000 after purchasing an additional 137,482 shares during the period. Algert Global LLC bought a new stake in Playtika during the first quarter valued at $478,000. Finally, Wolverine Asset Management LLC increased its stake in Playtika by 98.4% during the second quarter. Wolverine Asset Management LLC now owns 256,015 shares of the company’s stock valued at $1,211,000 after purchasing an additional 126,990 shares during the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Stock Down 3.1%

Playtika stock opened at $4.06 on Monday. Playtika Holding Corp. has a 52-week low of $3.31 and a 52-week high of $8.80. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 3.82 and a beta of 0.85. The firm has a 50-day moving average price of $3.72 and a two-hundred day moving average price of $4.24.

Playtika (NASDAQ:PLTK) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Playtika had a negative return on equity of 114.44% and a net margin of 3.16%.The company had revenue of $674.60 million for the quarter, compared to analysts’ expectations of $669.60 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. Playtika has set its FY 2025 guidance at EPS. Research analysts expect that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $0.40 annualized dividend and a dividend yield of 9.9%. Playtika’s dividend payout ratio is presently 166.67%.

Analysts Set New Price Targets

Several research firms have recently commented on PLTK. Wall Street Zen lowered shares of Playtika from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Wedbush restated an “outperform” rating and issued a $7.00 target price on shares of Playtika in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Playtika in a report on Wednesday, October 8th. Loop Capital set a $3.75 price target on Playtika in a report on Monday, November 3rd. Finally, UBS Group reduced their price objective on Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.00.

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.