Playtika Holding Corp. $PLTK Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Playtika Holding Corp. by 31.3% during the first quarter, now owning 341,343 shares valued at $1.77 million.
• Playtika recently declared a quarterly dividend of $0.10, representing a 10.9% dividend yield and a payout ratio of 166.67%.
• Despite reporting a revenue increase of 11.0% year-over-year, Playtika missed earnings expectations for the last quarter, posting $0.02 EPS against a consensus of $0.15.

Russell Investments Group Ltd. increased its stake in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 31.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 341,343 shares of the company's stock after buying an additional 81,303 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of Playtika worth $1,770,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of PLTK. Allworth Financial LP raised its stake in shares of Playtika by 117.1% in the first quarter. Allworth Financial LP now owns 4,996 shares of the company's stock valued at $26,000 after acquiring an additional 2,695 shares during the period. US Bancorp DE boosted its stake in shares of Playtika by 280.9% during the 1st quarter. US Bancorp DE now owns 6,707 shares of the company's stock worth $35,000 after purchasing an additional 4,946 shares during the period. Crestline Management LP bought a new position in Playtika during the 4th quarter valued at about $71,000. R Squared Ltd grew its holdings in Playtika by 84.2% during the 1st quarter. R Squared Ltd now owns 15,090 shares of the company's stock valued at $78,000 after purchasing an additional 6,900 shares during the last quarter. Finally, Concentric Capital Strategies LP purchased a new stake in Playtika in the 4th quarter worth about $130,000. 11.94% of the stock is owned by hedge funds and other institutional investors.

Playtika Trading Up 0.5%

Shares of NASDAQ PLTK traded up $0.02 during trading hours on Monday, reaching $3.71. The stock had a trading volume of 1,382,045 shares, compared to its average volume of 2,014,025. Playtika Holding Corp. has a 52-week low of $3.52 and a 52-week high of $8.80. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 1.25 and a beta of 0.84. The business's fifty day moving average price is $4.34 and its two-hundred day moving average price is $4.83.

Playtika (NASDAQ:PLTK - Get Free Report) last issued its earnings results 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 net margin of 3.23% and a negative return on equity of 83.90%. The firm had revenue of $696.00 million for the quarter, compared to the consensus estimate of $706.03 million. During the same period last year, the firm earned $0.23 earnings per share. The company's revenue for the quarter was up 11.0% on a year-over-year basis. Playtika has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal 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 payout ratio is 166.67%.

Wall Street Analyst Weigh In

PLTK has been the subject of several recent analyst reports. Wedbush dropped their target price on Playtika from $11.50 to $7.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Wall Street Zen raised Playtika from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Playtika currently has a consensus rating of "Hold" and an average target price of $7.04.

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.