Denali Advisors LLC Sells 542,960 Shares of Playtika Holding Corp. $PLTK

Denali Advisors LLC trimmed its holdings in Playtika Holding Corp. (NASDAQ:PLTK) by 38.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 885,354 shares of the company’s stock after selling 542,960 shares during the period. Denali Advisors LLC’s holdings in Playtika were worth $3,294,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Hsbc Holdings PLC raised its stake in Playtika by 242.4% during the 1st quarter. Hsbc Holdings PLC now owns 83,554 shares of the company’s stock valued at $231,000 after purchasing an additional 59,148 shares during the period. Independent Financial Group LLC bought a new position in Playtika in the 1st quarter worth approximately $28,000. Impact Partnership Wealth LLC boosted its stake in Playtika by 28.0% in the 1st quarter. Impact Partnership Wealth LLC now owns 34,086 shares of the company’s stock worth $95,000 after purchasing an additional 7,454 shares during the period. Alpine Global Management LLC purchased a new stake in Playtika during the 4th quarter valued at approximately $180,000. Finally, Greenwich Wealth Management LLC grew its holdings in Playtika by 32.9% during the 4th quarter. Greenwich Wealth Management LLC now owns 16,361 shares of the company’s stock valued at $65,000 after buying an additional 4,049 shares in the last quarter. Institutional investors own 11.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. The Goldman Sachs Group set a $3.75 target price on shares of Playtika in a report on Friday, August 7th. Roth Capital raised their target price on shares of Playtika from $3.00 to $3.50 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Playtika in a report on Friday, May 29th. Wedbush boosted their price target on shares of Playtika from $3.00 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, TD Cowen reissued a “buy” rating on shares of Playtika in a report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $4.11.

Playtika Price Performance

NASDAQ:PLTK opened at $2.35 on Thursday. Playtika Holding Corp. has a 1 year low of $2.09 and a 1 year high of $4.42. The stock’s 50 day simple moving average is $3.55 and its two-hundred day simple moving average is $3.36. The company has a market cap of $896.34 million, a price-to-earnings ratio of -3.22 and a beta of 1.09.

Playtika Company Profile

Playtika Ltd. (NASDAQ: PLTK) is a leading developer and publisher of free-to-play mobile and social games. Established in 2010 and headquartered in Herzliya, Israel, the company has built a reputation for creating engaging, social casino and casual gaming experiences. Playtika’s platform leverages data-driven analytics and in-game community features to drive player retention and monetization across multiple titles.

The company’s diverse portfolio includes flagship social casino games such as Slotomania, Bingo Blitz and Caesars Casino, as well as skill-based and casual offerings like World Series of Poker and House of Fun.