Man Group plc Invests $2.55 Million in Playtika Holding Corp. $PLTK

Man Group plc bought a new stake in Playtika Holding Corp. (NASDAQ:PLTK) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 686,656 shares of the company’s stock, valued at approximately $2,554,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Greenwich Wealth Management LLC raised its position in Playtika by 32.9% during the 4th quarter. Greenwich Wealth Management LLC now owns 16,361 shares of the company’s stock worth $65,000 after buying an additional 4,049 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of Playtika by 24.5% in the second quarter. Corient Private Wealth LLC now owns 24,626 shares of the company’s stock worth $116,000 after acquiring an additional 4,842 shares during the period. Comerica Bank increased its stake in shares of Playtika by 278.9% in the fourth quarter. Comerica Bank now owns 9,108 shares of the company’s stock worth $36,000 after acquiring an additional 6,704 shares during the period. Invesco Ltd. raised its holdings in shares of Playtika by 24.4% during the fourth quarter. Invesco Ltd. now owns 35,570 shares of the company’s stock worth $141,000 after purchasing an additional 6,975 shares during the last quarter. Finally, Impact Partnership Wealth LLC lifted its position in Playtika by 28.0% during the first quarter. Impact Partnership Wealth LLC now owns 34,086 shares of the company’s stock valued at $95,000 after purchasing an additional 7,454 shares during the period. Institutional investors and hedge funds own 11.94% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on PLTK. The Goldman Sachs Group set a $3.75 price target on Playtika in a research report on Friday, August 7th. Roth Capital lowered their target price on Playtika from $3.50 to $2.75 and set a “neutral” rating on the stock in a research note on Monday. TD Cowen reaffirmed a “buy” rating on shares of Playtika in a report on Tuesday, June 9th. Wall Street Zen cut Playtika from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Wedbush boosted their price target on Playtika from $3.00 to $4.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.00.

Playtika Stock Down 2.2%

PLTK stock opened at $2.27 on Tuesday. The company’s 50-day simple moving average is $3.39 and its 200-day simple moving average is $3.30. Playtika Holding Corp. has a 52-week low of $2.09 and a 52-week high of $4.42. The firm has a market cap of $865.82 million, a P/E ratio of -3.11 and a beta of 1.09.

Playtika 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.