Nuveen LLC Purchases Shares of 143,978 Playtika Holding Corp. $PLTK

Nuveen LLC acquired a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 143,978 shares of the company's stock, valued at approximately $744,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in Playtika during the fourth quarter worth $1,222,000. Exchange Traded Concepts LLC purchased a new position in Playtika during the first quarter worth $311,000. Vontobel Holding Ltd. purchased a new position in Playtika during the first quarter worth $343,000. Deutsche Bank AG purchased a new position in Playtika during the fourth quarter worth $567,000. Finally, Quantinno Capital Management LP boosted its stake in Playtika by 76.0% during the fourth quarter. Quantinno Capital Management LP now owns 692,975 shares of the company's stock worth $4,809,000 after buying an additional 299,278 shares during the period. 11.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on PLTK. Wedbush dropped their price objective on shares of Playtika from $11.50 to $7.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Wall Street Zen raised shares of Playtika from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Playtika presently has a consensus rating of "Hold" and a consensus price target of $7.04.

Playtika Price Performance

NASDAQ:PLTK remained flat at $3.72 during mid-day trading on Friday. 2,898,483 shares of the company were exchanged, compared to its average volume of 2,057,624. Playtika Holding Corp. has a 52 week low of $3.52 and a 52 week high of $8.80. The business's 50-day simple moving average is $4.25 and its two-hundred day simple moving average is $4.73. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.25 and a beta of 0.84.

Playtika (NASDAQ:PLTK - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.13). Playtika had a negative return on equity of 83.90% and a net margin of 3.23%.The business had revenue of $696.00 million during the quarter, compared to analysts' expectations of $706.03 million. During the same period last year, the company earned $0.23 earnings per share. The firm's revenue was up 11.0% compared to the same quarter last year. Playtika has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.40 dividend on an annualized basis and a yield of 10.8%. Playtika's dividend payout ratio is 166.67%.

Playtika Company 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.