Playtika Holding Corp. $PLTK Shares Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Playtika Holding Corp. by 4.0% in Q1, now owning approximately 3.6 million shares valued at around $18.67 million.
• Despite a recent earnings miss with $0.02 EPS reported against an estimate of $0.15, analysts hold a mixed outlook with three ratings as "Buy" and five as "Hold".
• Playtika has declared a quarterly dividend of $0.10 per share, indicative of a 10.8% yield, although its payout ratio stands high at 166.67%.

Vanguard Group Inc. raised its holdings in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 4.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,610,729 shares of the company's stock after buying an additional 137,482 shares during the period. Vanguard Group Inc. owned about 0.96% of Playtika worth $18,667,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PLTK. Allworth Financial LP increased its position in Playtika by 117.1% in the first quarter. Allworth Financial LP now owns 4,996 shares of the company's stock worth $26,000 after buying an additional 2,695 shares in the last quarter. US Bancorp DE lifted its holdings in Playtika by 280.9% during the first quarter. US Bancorp DE now owns 6,707 shares of the company's stock valued at $35,000 after purchasing an additional 4,946 shares in the last quarter. Crestline Management LP bought a new position in shares of Playtika in the fourth quarter worth approximately $71,000. R Squared Ltd increased its stake in shares of Playtika by 84.2% in the first quarter. R Squared Ltd now owns 15,090 shares of the company's stock worth $78,000 after purchasing an additional 6,900 shares in the last quarter. Finally, Monument Capital Management raised its position in shares of Playtika by 48.1% during the 1st quarter. Monument Capital Management now owns 20,021 shares of the company's stock valued at $104,000 after purchasing an additional 6,498 shares during the period. 11.94% of the stock is currently owned by institutional investors.

Playtika Stock Down 1.5%

PLTK traded down $0.06 on Wednesday, hitting $3.62. The company had a trading volume of 1,253,012 shares, compared to its average volume of 1,726,713. The business's fifty day simple moving average is $4.32 and its 200 day simple moving average is $4.82. Playtika Holding Corp. has a 12-month low of $3.52 and a 12-month high of $8.80. The company has a market cap of $1.36 billion, a PE ratio of 15.06, a PEG ratio of 1.25 and a beta of 0.84.

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

Playtika Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 11.1%. The ex-dividend date is Friday, September 26th. Playtika's dividend payout ratio is currently 166.67%.

Wall Street Analyst Weigh In

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

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.