Abich Financial Wealth Management LLC Invests $81,000 in Playtika Holding Corp. (NASDAQ:PLTK)

Abich Financial Wealth Management LLC bought a new stake in Playtika Holding Corp. (NASDAQ:PLTK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,267 shares of the company’s stock, valued at approximately $81,000.

Several other hedge funds and other institutional investors have also made changes to their positions in PLTK. Pacer Advisors Inc. raised its position in Playtika by 19.7% in the second quarter. Pacer Advisors Inc. now owns 9,420,312 shares of the company’s stock valued at $74,138,000 after purchasing an additional 1,552,606 shares during the period. AQR Capital Management LLC raised its holdings in shares of Playtika by 66.6% during the 2nd quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company’s stock valued at $61,672,000 after buying an additional 3,132,272 shares during the period. LSV Asset Management lifted its position in Playtika by 3.4% during the 1st quarter. LSV Asset Management now owns 7,756,485 shares of the company’s stock worth $54,683,000 after acquiring an additional 256,353 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Playtika by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company’s stock worth $25,141,000 after purchasing an additional 76,948 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Playtika by 1.6% during the 2nd quarter. Renaissance Technologies LLC now owns 2,106,345 shares of the company’s stock valued at $16,577,000 after purchasing an additional 32,802 shares in the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Trading Up 0.8 %

PLTK stock traded up $0.06 during midday trading on Tuesday, hitting $7.97. The stock had a trading volume of 30,021 shares, compared to its average volume of 872,356. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 1.58 and a beta of 0.85. The stock has a 50-day simple moving average of $7.62 and a 200 day simple moving average of $7.75. Playtika Holding Corp. has a 52 week low of $6.25 and a 52 week high of $9.23.

Playtika (NASDAQ:PLTK) last issued its earnings results on Wednesday, August 7th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.06. The business had revenue of $627.00 million for the quarter, compared to analyst estimates of $640.27 million. Playtika had a net margin of 8.44% and a negative return on equity of 127.12%. The firm’s revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. On average, equities analysts forecast that Playtika Holding Corp. will post 0.73 EPS for the current year.

Playtika Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.40 annualized dividend and a yield of 5.02%. Playtika’s payout ratio is 70.18%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Roth Mkm dropped their target price on shares of Playtika from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Morgan Stanley increased their price objective on Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Finally, Wedbush reaffirmed an “outperform” rating and set a $11.50 target price on shares of Playtika in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Playtika has a consensus rating of “Hold” and an average target price of $9.29.

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.