Playtika Holding Corp. $PLTK Position Raised by Invesco Ltd.

Invesco Ltd. increased its position in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 30.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 102,247 shares of the company’s stock after buying an additional 23,857 shares during the quarter. Invesco Ltd.’s holdings in Playtika were worth $529,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Playtika by 4.0% during 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 in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Playtika by 2.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,160,806 shares of the company’s stock worth $8,056,000 after purchasing an additional 23,211 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Playtika by 143.4% in the 1st 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 in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Playtika by 76.0% in the 4th quarter. Quantinno Capital Management LP now owns 692,975 shares of the company’s stock worth $4,809,000 after purchasing an additional 299,278 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Playtika by 5.7% in the 4th quarter. Northern Trust Corp now owns 544,678 shares of the company’s stock worth $3,780,000 after purchasing an additional 29,217 shares in the last quarter. Institutional investors own 11.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Playtika from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Wedbush dropped their target price on shares of Playtika from $11.50 to $7.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7.04.

Playtika Stock Performance

NASDAQ PLTK opened at $3.72 on Friday. Playtika Holding Corp. has a twelve month low of $3.52 and a twelve month high of $8.80. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.25 and a beta of 0.84. The firm’s 50 day moving average price is $4.25 and its two-hundred day moving average price is $4.76.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.13). Playtika had a negative return on equity of 83.90% and a net margin of 3.23%.The firm had revenue of $696.00 million for the quarter, compared to analysts’ expectations of $706.03 million. During the same quarter in the previous year, the firm posted $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, research analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.40 dividend on an annualized basis and a yield of 10.8%. Playtika’s payout ratio is presently 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.