Quest Partners LLC boosted its position in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 705.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,249 shares of the company's stock after purchasing an additional 141,231 shares during the period. Quest Partners LLC's holdings in Playtika were worth $1,277,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in PLTK. Russell Investments Group Ltd. boosted its position in shares of Playtika by 0.8% during the 1st quarter. Russell Investments Group Ltd. now owns 184,926 shares of the company's stock worth $1,304,000 after purchasing an additional 1,495 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Playtika by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company's stock worth $25,141,000 after acquiring an additional 76,948 shares during the period. Covestor Ltd increased its stake in Playtika by 74.9% in the 1st quarter. Covestor Ltd now owns 13,109 shares of the company's stock valued at $92,000 after purchasing an additional 5,613 shares in the last quarter. Delap Wealth Advisory LLC acquired a new position in Playtika during the first quarter worth $84,000. Finally, Capital Research Global Investors purchased a new stake in Playtika during the first quarter worth $9,327,000. Hedge funds and other institutional investors own 11.94% of the company's stock.
Shares of Playtika stock opened at $8.42 on Wednesday. The business's fifty day moving average is $7.86 and its two-hundred day moving average is $7.88. Playtika Holding Corp. has a fifty-two week low of $6.25 and a fifty-two week high of $9.23. The firm has a market cap of $3.14 billion, a PE ratio of 14.52, a P/E/G ratio of 2.18 and a beta of 0.85.
Playtika (NASDAQ:PLTK - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The company had revenue of $620.80 million during the quarter, compared to analyst estimates of $622.46 million. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. Playtika's revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. Equities research analysts anticipate that Playtika Holding Corp. will post 0.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.75%. Playtika's dividend payout ratio (DPR) is 68.97%.
Several research analysts have recently issued reports on PLTK shares. Roth Mkm lifted their price target on Playtika from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. 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 report on Tuesday, July 23rd. Wedbush reissued an "outperform" rating and set a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. Finally, Macquarie reaffirmed a "neutral" rating and issued a $7.00 target price on shares of Playtika in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $9.18.
Get Our Latest Analysis on PLTK
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.
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