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

Key Points

• Denali Advisors reduced its Playtika position by 38%, selling 542,960 shares during the second quarter and retaining 885,354 shares valued at approximately $3.29 million.
• Several institutions increased their holdings, including Jane Street, Creative Planning, and JPMorgan Chase; institutional investors collectively own 11.94% of Playtika.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a target price of $4.11. Playtika shares opened at $2.35, within a 12-month range of $2.09 to $4.42.

Denali Advisors LLC lessened its position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 38.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 885,354 shares of the company's stock after selling 542,960 shares during the quarter. Denali Advisors LLC owned 0.23% of Playtika worth $3,294,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PLTK. Amundi grew its stake in shares of Playtika by 160.0% during the 1st quarter. Amundi now owns 51,366 shares of the company's stock valued at $256,000 after purchasing an additional 31,607 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Playtika by 12.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 102,781 shares of the company's stock worth $531,000 after purchasing an additional 11,650 shares during the period. Jane Street Group LLC boosted its holdings in shares of Playtika by 536.3% in the first quarter. Jane Street Group LLC now owns 1,354,552 shares of the company's stock worth $7,003,000 after buying an additional 1,141,685 shares during the last quarter. Creative Planning boosted its holdings in shares of Playtika by 143.3% in the second quarter. Creative Planning now owns 28,089 shares of the company's stock worth $133,000 after buying an additional 16,546 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Playtika by 126.5% during the second quarter. JPMorgan Chase & Co. now owns 399,067 shares of the company's stock valued at $1,888,000 after buying an additional 222,913 shares during the period. Institutional investors own 11.94% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on PLTK shares. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Playtika in a report on Friday, May 29th. Wall Street Zen upgraded shares of Playtika from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. The Goldman Sachs Group set a $3.75 price objective on shares of Playtika in a research report on Friday, August 7th. Wedbush upped their price objective on 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 reaffirmed a "buy" rating on shares of Playtika in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Playtika currently has a consensus rating of "Hold" and a consensus target price of $4.11.

Playtika Trading Up 5.4%

Playtika stock opened at $2.35 on Thursday. Playtika Holding Corp. has a 12-month low of $2.09 and a 12-month high of $4.42. The firm has a market capitalization of $896.34 million, a price-to-earnings ratio of -3.22 and a beta of 1.09. The firm has a 50 day moving average of $3.55 and a 200 day moving average of $3.36.

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.

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