Los Angeles Capital Management LLC Purchases 135,470 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Los Angeles Capital Management LLC increased its position in Playtika Holding Corp. (NASDAQ:PLTKFree Report) by 346.6% during the 3rd quarter, Holdings Channel reports. The firm owned 174,555 shares of the company’s stock after acquiring an additional 135,470 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Playtika were worth $1,681,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC grew its stake in Playtika by 1,215.1% in the third quarter. CWM LLC now owns 2,959 shares of the company’s stock worth $28,000 after purchasing an additional 2,734 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Playtika by 784.7% during the second quarter. Captrust Financial Advisors now owns 3,362 shares of the company’s stock worth $45,000 after buying an additional 2,982 shares during the period. Amundi lifted its holdings in Playtika by 4,125.9% during the fourth quarter. Amundi now owns 6,212 shares of the company’s stock worth $59,000 after buying an additional 6,065 shares during the period. Wells Fargo & Company MN lifted its holdings in Playtika by 72.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,960 shares of the company’s stock worth $76,000 after buying an additional 3,776 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Playtika by 62.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,408 shares of the company’s stock worth $80,000 after buying an additional 3,225 shares during the period. Institutional investors own 11.94% of the company’s stock.

Analysts Set New Price Targets

PLTK has been the subject of a number of analyst reports. Roth Mkm lowered their target price on Playtika from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, November 20th. Wells Fargo & Company lowered their target price on Playtika from $11.00 to $9.50 and set an “equal weight” rating for the company in a report on Thursday, November 9th. Morgan Stanley lowered their target price on Playtika from $11.00 to $10.00 and set an “equal weight” rating for the company in a report on Thursday, November 9th. HSBC lowered Playtika from a “buy” rating to a “hold” rating and lowered their target price for the stock from $14.90 to $8.00 in a report on Monday, January 22nd. Finally, Bank of America lowered Playtika from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $11.00 to $8.00 in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.36.

Check Out Our Latest Research Report on Playtika

Playtika Price Performance

Shares of PLTK stock opened at $7.46 on Wednesday. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 0.96 and a beta of 0.85. The business has a fifty day moving average of $8.20 and a 200 day moving average of $9.22. Playtika Holding Corp. has a 1 year low of $7.06 and a 1 year high of $12.90.

Playtika (NASDAQ:PLTKGet Free Report) last issued its earnings results on Wednesday, November 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The firm had revenue of $630.10 million during the quarter, compared to analysts’ expectations of $642.70 million. Playtika had a negative return on equity of 76.82% and a net margin of 11.14%. As a group, equities research analysts expect that Playtika Holding Corp. will post 0.79 earnings per share for the current year.

About Playtika

(Free Report)

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States and internationally. The company owns a portfolio of casual and casino-themed games. It distributes its games to the end customer through various web and mobile platforms, such as Apple, Facebook, Google, and other web and mobile platforms and direct-to-consumer platforms.

See Also

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Institutional Ownership by Quarter for Playtika (NASDAQ:PLTK)

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