Dynamic Advisor Solutions LLC increases stake in Playtika Holding Corp. (NASDAQ:PLTK)

Dynamic Advisor Solutions LLC grew its holdings in Playtika Holding Corp. (NASDAQ:PLTK – Free Report) by 16.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,695 shares of the company’s stock after purchasing an additional 3,265 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Playtika were worth $179,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alaska Permanent Fund Corp boosted its stake in Playtika by 362.8% in the first quarter. Alaska Permanent Fund Corp now owns 225,673 shares of the company’s stock valued at $1,591,000 after purchasing an additional 176,913 shares during the period. LSV Asset Management boosted its stake in Playtika by 3.4% in the first quarter. LSV Asset Management now owns 7,756,485 shares of the company’s stock valued at $54,683,000 after buying an additional 256,353 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Playtika in the fourth quarter valued at about $1,372,000. Russell Investments Group Ltd. boosted its stake in Playtika by 0.8% in the first quarter. Russell Investments Group Ltd. now owns 184,926 shares of the company’s stock valued at $1,304,000 after buying an additional 1,495 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Playtika by 2.2% in the first quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company’s stock valued at $25,141,000 after buying an additional 76,948 shares during the period. Hedge funds and other institutional investors own 11.94% of the company’s shares.

Analysts on Wall Street are forecasting an increase

A number of research analysts recently issued reports on the stock. Macquarie downgraded shares of Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 target price for the company. in a research note on Thursday, June 13th. Robert W. Baird lifted their price target on shares of Playtika from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Roth Mkm cut their price target on shares of Playtika from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Morgan Stanley raised their target price on shares of Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Finally, Wedbush reiterated an “outperform” rating and issued a $11.50 price target on shares of Playtika in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $9.29, according to MarketBeat.

Read the latest stock report on PLTK

Playtika trading up 1.8%

Shares of NASDAQ:PLTK opened at $6.80 on Friday. The firm has a 50-day simple moving average of $7.68 and a 200-day simple moving average of $7.60. The company has a market cap of $2.53 billion, a PE ratio of 12.36, a P/E/G ratio of 0.91 and a beta of 0.85. Playtika Holding Corp. has a 12-month low of $6.25 and a 12-month high of $10.84.

Playtika (NASDAQ:PLTK – Get Your Free Report ) last announced its earnings results on Wednesday, August 7th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The business had revenue of $627.00 million for the quarter, compared to analysts’ expectations of $640.27 million. Playtika had a net margin of 8.44% and a negative return on equity of 127.12%. The company’s quarterly revenue was down 2.5% year over year. During the same period in the previous year, the company posted EPS of $0.21. As a group, equities research analysts predict that Playtika Holding Corp. will post 0.73 EPS for the current fiscal year.

Playtika announces dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 20. This represents a dividend of $0.40 on an annualized basis and a dividend yield of 5.88%. Playtika’s payout ratio is 72.73%.

About Playtika

(Free Report)

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, the Middle East, Africa, Asia Pacific and internationally. The company owns a portfolio of casino-themed casual and social games. It distributes its games to the end customer through various web and mobile and direct-to-consumer platforms.

See Also

Want to see what other hedge funds own PLTK? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Playtika Holding Corp. (NASDAQ:PLTK – Free Report).

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