Man Group plc Purchases New Shares in Playtika Holding Corp. $PLTK

Key Points

• Man Group plc bought 686,656 Playtika shares during the second quarter, worth approximately $2.55 million and representing about 0.18% of the company.
• Institutional and hedge-fund ownership of Playtika totals 11.94%, while several other firms recently initiated or expanded positions.
• Analyst sentiment is mixed, with an overall “Hold” rating and a consensus price target of $4.00; Playtika shares opened at $2.27, near their 52-week low of $2.09.

Man Group plc purchased a new position in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 686,656 shares of the company's stock, valued at approximately $2,554,000. Man Group plc owned about 0.18% of Playtika as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of PLTK. Independent Financial Group LLC purchased a new stake in Playtika in the 1st quarter worth about $28,000. Kestra Advisory Services LLC purchased a new position in shares of Playtika during the fourth quarter valued at approximately $32,000. Comerica Bank grew its stake in shares of Playtika by 278.9% during the fourth quarter. Comerica Bank now owns 9,108 shares of the company's stock valued at $36,000 after buying an additional 6,704 shares during the last quarter. ProShare Advisors LLC purchased a new stake in shares of Playtika in the fourth quarter worth approximately $41,000. Finally, Keynote Financial Services LLC purchased a new stake in shares of Playtika in the fourth quarter worth approximately $41,000. 11.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PLTK shares. Roth Capital reduced their target price on shares of Playtika from $3.50 to $2.75 and set a "neutral" rating on the stock in a research report on Monday. Wedbush increased 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. Morgan Stanley set a $4.25 price objective on Playtika in a report on Monday, August 10th. The Goldman Sachs Group set a $3.75 target price on Playtika in a research report on Friday, August 7th. Finally, TD Cowen reiterated a "buy" rating on shares of Playtika in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Playtika currently has an average rating of "Hold" and a consensus price target of $4.00.

Playtika Stock Performance

Shares of PLTK stock opened at $2.27 on Tuesday. Playtika Holding Corp. has a fifty-two week low of $2.09 and a fifty-two week high of $4.42. The firm has a market capitalization of $865.82 million, a price-to-earnings ratio of -3.11 and a beta of 1.09. The stock's 50-day simple moving average is $3.39 and its 200-day simple moving average is $3.30.

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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