Playtika Holding Corp. $PLTK Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 95.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,338 shares of the company’s stock after selling 319,937 shares during the quarter. SG Americas Securities LLC’s holdings in Playtika were worth $64,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Merit Financial Group LLC increased its holdings in shares of Playtika by 17.2% in the 3rd quarter. Merit Financial Group LLC now owns 23,085 shares of the company’s stock valued at $90,000 after acquiring an additional 3,381 shares during the last quarter. Corient Private Wealth LLC lifted its stake in Playtika by 23.6% during the second quarter. Corient Private Wealth LLC now owns 24,446 shares of the company’s stock worth $116,000 after purchasing an additional 4,662 shares during the last quarter. Savant Capital LLC boosted its holdings in Playtika by 13.2% in the second quarter. Savant Capital LLC now owns 43,077 shares of the company’s stock worth $204,000 after purchasing an additional 5,036 shares during the period. Impact Partnership Wealth LLC boosted its holdings in Playtika by 15.6% in the second quarter. Impact Partnership Wealth LLC now owns 40,572 shares of the company’s stock worth $192,000 after purchasing an additional 5,481 shares during the period. Finally, Ameritas Investment Partners Inc. bought a new stake in Playtika during the second quarter valued at $27,000. Institutional investors own 11.94% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTK has been the topic of a number of recent research reports. Wedbush restated an “outperform” rating and issued a $7.00 price target on shares of Playtika in a research report on Friday, October 31st. Loop Capital set a $3.75 price objective on shares of Playtika in a research note on Monday, November 3rd. Wall Street Zen downgraded Playtika from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, Weiss Ratings raised Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.00.

Playtika Price Performance

Shares of NASDAQ:PLTK opened at $3.62 on Friday. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 2.09 and a beta of 0.84. The stock’s 50 day moving average price is $3.92 and its 200 day moving average price is $3.89. Playtika Holding Corp. has a 12 month low of $3.31 and a 12 month high of $7.55.

Playtika (NASDAQ:PLTK) last released its earnings results on Thursday, November 6th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $674.60 million for the quarter, compared to the consensus estimate of $669.60 million. Playtika had a net margin of 3.16% and a negative return on equity of 114.44%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. On average, sell-side analysts expect that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 11.0%. The ex-dividend date of this dividend was Friday, December 26th. Playtika’s dividend payout ratio (DPR) is 166.67%.

Playtika Company Profile

Playtika Ltd. (NASDAQ: PLTK) is a leading developer and publisher of free-to-play mobile and social games. Established in 2010 and headquartered in Herzliya, Israel, the company has built a reputation for creating engaging, social casino and casual gaming experiences. Playtika’s platform leverages data-driven analytics and in-game community features to drive player retention and monetization across multiple titles.

The company’s diverse portfolio includes flagship social casino games such as Slotomania, Bingo Blitz and Caesars Casino, as well as skill-based and casual offerings like World Series of Poker and House of Fun.