SG Americas Securities LLC Grows Position in Playtika Holding Corp. (NASDAQ:PLTK)

SG Americas Securities LLC grew its holdings in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,306 shares of the company’s stock after buying an additional 3,206 shares during the quarter. SG Americas Securities LLC’s holdings in Playtika were worth $787,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Playtika during the second quarter worth approximately $31,000. Versant Capital Management Inc purchased a new stake in Playtika during the second quarter worth approximately $36,000. Acadian Asset Management LLC purchased a new stake in Playtika during the second quarter worth approximately $43,000. Headlands Technologies LLC grew its stake in Playtika by 648.8% during the second quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock worth $53,000 after buying an additional 5,794 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new stake in Playtika during the first quarter worth approximately $82,000. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PLTK has been the subject of several research reports. Morgan Stanley boosted their price objective on shares of Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Wedbush restated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research note on Thursday, September 19th. UBS Group began coverage on Playtika in a research note on Monday, June 24th. They set a “neutral” rating and a $8.50 target price for the company. Finally, Roth Mkm dropped their target price on Playtika from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.29.

Playtika Stock Performance

NASDAQ:PLTK opened at $7.49 on Friday. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 1.54 and a beta of 0.85. Playtika Holding Corp. has a one year low of $6.25 and a one year high of $9.70. The stock has a 50-day simple moving average of $7.47 and a 200 day simple moving average of $7.70.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The business had revenue of $627.00 million during the quarter, compared to the consensus estimate of $640.27 million. Playtika had a negative return on equity of 127.12% and a net margin of 8.44%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.21 earnings per share. On average, equities research analysts forecast that Playtika Holding Corp. will post 0.73 EPS for the current fiscal year.

Playtika Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were paid a $0.10 dividend. The ex-dividend date was Friday, September 20th. This represents a $0.40 dividend on an annualized basis and a yield of 5.34%. Playtika’s dividend payout ratio (DPR) is 70.18%.

Playtika 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.