Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Playtika Holding Corp. (NASDAQ:PLTK)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $451,000 in Playtika Holding Corp, acquiring 87,200 shares of the company.
• Playtika recently reported a net margin of 5.37%, along with a quarterly earnings miss at $0.09 per share, below the estimated $0.11.
• The company announced a quarterly dividend of $0.10 per share, representing a 9.4% yield and a payout ratio of 105.26%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 87,200 shares of the company's stock, valued at approximately $451,000.

Several other institutional investors have also made changes to their positions in PLTK. Sterling Capital Management LLC boosted its holdings in Playtika by 57.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company's stock valued at $29,000 after acquiring an additional 1,534 shares during the last quarter. Allworth Financial LP lifted its position in Playtika by 117.1% in the 1st 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 in the last quarter. Crestline Management LP bought a new position in shares of Playtika during the 4th quarter worth approximately $71,000. Aster Capital Management DIFC Ltd increased its position in shares of Playtika by 7,917.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 11,305 shares of the company's stock valued at $78,000 after acquiring an additional 11,164 shares during the last quarter. Finally, Belpointe Asset Management LLC bought a new position in shares of Playtika in the fourth quarter valued at $104,000. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PLTK has been the topic of several research reports. Wedbush upgraded shares of Playtika to a "strong-buy" rating in a research note on Tuesday, July 1st. Morgan Stanley lowered their price target on shares of Playtika from $7.25 to $5.75 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $7.68.

Playtika Price Performance

NASDAQ:PLTK traded down $0.07 during mid-day trading on Wednesday, hitting $4.35. 1,865,082 shares of the company's stock were exchanged, compared to its average volume of 1,244,997. Playtika Holding Corp. has a one year low of $3.97 and a one year high of $8.80. The company has a market cap of $1.63 billion, a PE ratio of 11.45, a P/E/G ratio of 1.17 and a beta of 0.85. The business has a fifty day moving average price of $4.72 and a 200 day moving average price of $5.31.

Playtika (NASDAQ:PLTK - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). The firm had revenue of $706.00 million during the quarter, compared to the consensus estimate of $699.67 million. Playtika had a net margin of 5.37% and a negative return on equity of 149.09%. The firm's revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS. On average, equities analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Holding Uk Ltd Playtika II sold 150,869 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $4.77, for a total value of $719,645.13. Following the completion of the transaction, the insider directly owned 199,359,642 shares in the company, valued at $950,945,492.34. This trade represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders have sold 739,922 shares of company stock worth $3,548,194. Company insiders own 5.10% of the company's stock.

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.