AlphaCrest Capital Management LLC Has $602,000 Stock Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

Posted by on Mar 9th, 2023

AlphaCrest Capital Management LLC raised its position in Playtika Holding Corp. (NASDAQ:PLTK – Get Rating) by 195.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,151 shares of the company’s stock after acquiring an additional 42,459 shares during the period. AlphaCrest Capital Management LLC’s holdings in Playtika were worth $602,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. IFP Advisors Inc bought a new position in Playtika in the third quarter worth $76,000. Nisa Investment Advisors LLC bought a new stake in Playtika in the third quarter valued at about $27,000. Captrust Financial Advisors raised its position in Playtika by 784.7% in the second quarter. Captrust Financial Advisors now owns 3,362 shares of the company’s stock worth $45,000 after purchasing an additional 2,982 shares in the last quarter. MetLife Investment Management LLC bought a new position in Playtika during the first quarter worth about $130,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Playtika during the third quarter valued at approximately $67,000.

Playtika Price Performance

PLTK opened at $9.70 on Thursday. The stock has a market capitalization of $3.54 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 1.20 and a beta of 0.65. The company’s 50 day simple moving average is $9.80 and its 200-day simple moving average is $9.71. Playtika Holding Corp. has a one year low of $7.81 and a one year high of $20.31.

Playtika (NASDAQ:PLTK – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.08. The firm had revenue of $631.20 million for the quarter, compared to analyst estimates of $627.54 million. Playtika had a negative return on equity of 101.86% and a net margin of 10.53%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS. As a group, analysts anticipate that Playtika Holding Corp. will post 0.79 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on PLTK. Cowen cut their target price on Playtika to $29.00 in a research report on Tuesday, November 15th. Macquarie dropped their target price on shares of Playtika from $20.00 to $18.00 in a research report on Wednesday, November 9th. Bank Of America (Bofa) raised shares of Playtika from an “underperform” rating to a “neutral” rating and set a $9.00 price target for the company in a report on Tuesday, December 13th. DA Davidson cut shares of Playtika from a “buy” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a research note on Friday, January 27th. Finally, Robert W. Baird cut their target price on shares of Playtika from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, March 1st. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.65.

Insider Activity at Playtika

In other Playtika news, Director Dana Rebecca Gross sold 15,262 shares of the business’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $8.58, for a total transaction of $130,947.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.60% of the stock is owned by company insiders.

Playtika Company Profile

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Playtika Holding Corp. develops mobile games in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company owns a portfolio of casual and casino-themed games. It distributes its games to the end customer through various web and mobile platforms, such as Apple, Facebook, Google, and other web and mobile platforms and its own proprietary platforms.

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Institutional Ownership by Quarter for Playtika (NASDAQ:PLTK)

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