Playtika Holding Corp. $PLTK Shares Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC increased its stake in Playtika Holding Corp. (NASDAQ:PLTK) by 98.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 256,015 shares of the company’s stock after purchasing an additional 126,990 shares during the quarter. Wolverine Asset Management LLC’s holdings in Playtika were worth $1,211,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PLTK. Vontobel Holding Ltd. purchased a new position in shares of Playtika in the 1st quarter valued at about $343,000. Allworth Financial LP increased its holdings in shares of 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 purchasing an additional 2,695 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Playtika by 21.8% in the 1st quarter. New York State Common Retirement Fund now owns 23,143 shares of the company’s stock valued at $120,000 after purchasing an additional 4,145 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Playtika in the 1st quarter valued at about $171,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Playtika in the 1st quarter valued at about $451,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PLTK shares. Wedbush reiterated an “outperform” rating and issued a $7.00 price target on shares of Playtika in a report on Friday. UBS Group cut their price target on Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Playtika in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised 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 issued a Sell rating to the stock. According to MarketBeat, Playtika currently has an average rating of “Hold” and a consensus price target of $6.66.

Playtika Trading Down 1.1%

Shares of PLTK stock opened at $3.67 on Friday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 1.24 and a beta of 0.86. Playtika Holding Corp. has a twelve month low of $3.31 and a twelve month high of $8.80. The firm has a 50-day moving average price of $3.65 and a 200 day moving average price of $4.32.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.13). The firm had revenue of $696.00 million for the quarter, compared to analysts’ expectations of $706.03 million. Playtika had a negative return on equity of 83.90% and a net margin of 3.23%.The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. Playtika has set its FY 2025 guidance at EPS. As a group, research analysts predict that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Announces Dividend

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

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.