Walleye Capital LLC Boosts Stock Position in Playtika Holding Corp. $PLTK

Key Points

• Walleye Capital LLC increased its stake in Playtika Holding Corp. by 368.6% in Q1, holding 146,680 shares valued at $758,000.
• Playtika's recent quarterly earnings reported an EPS of $0.02, missing estimates, while revenue increased by 11.0% year-over-year, totaling $696 million.
• The company announced a dividend of $0.10 per share, representing a 10.8% yield and a payout ratio of 166.67%.

Walleye Capital LLC lifted its position in Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 368.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 146,680 shares of the company's stock after acquiring an additional 115,375 shares during the period. Walleye Capital LLC's holdings in Playtika were worth $758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP lifted its position in Playtika by 117.1% during 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 position in Playtika by 280.9% during the first quarter. US Bancorp DE now owns 6,707 shares of the company's stock worth $35,000 after buying an additional 4,946 shares in the last quarter. Brooklyn Investment Group lifted its position in Playtika by 15,890.5% during the first quarter. Brooklyn Investment Group now owns 6,716 shares of the company's stock worth $35,000 after buying an additional 6,674 shares in the last quarter. Crestline Management LP purchased a new position in Playtika during the fourth quarter worth approximately $71,000. Finally, R Squared Ltd lifted its position in Playtika by 84.2% during the first quarter. R Squared Ltd now owns 15,090 shares of the company's stock worth $78,000 after buying an additional 6,900 shares in the last quarter. 11.94% of the stock is owned by institutional investors and hedge funds.

Playtika Stock Up 4.3%

NASDAQ:PLTK traded up $0.16 on Thursday, reaching $3.76. The company's stock had a trading volume of 1,536,558 shares, compared to its average volume of 1,732,239. Playtika Holding Corp. has a 12-month low of $3.52 and a 12-month high of $8.80. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 1.25 and a beta of 0.84. The stock has a 50 day moving average price of $4.29 and a 200 day moving average price of $4.81.

Playtika (NASDAQ:PLTK - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.02 EPS 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 business had revenue of $696.00 million during the quarter, compared to analysts' expectations of $706.03 million. During the same quarter in the prior year, the firm earned $0.23 EPS. Playtika's revenue for the quarter was up 11.0% compared to the same quarter last year. Playtika has set its FY 2025 guidance at EPS. Equities research analysts expect that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Investors 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 10.7%. The ex-dividend date is Friday, September 26th. Playtika's payout ratio is currently 166.67%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Playtika from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Wedbush reduced their price objective on Playtika from $11.50 to $7.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Playtika currently has a consensus rating of "Hold" and an average price target of $7.04.

About Playtika

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.