Dupont Capital Management Corp Buys Shares of 12,853 Playtika Holding Corp. (NASDAQ:PLTK)

Posted by Defense World Staff on Jul 22nd, 2023

Dupont Capital Management Corp bought a new stake in shares of Playtika Holding Corp. (NASDAQ:PLTK – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,853 shares of the company’s stock, valued at approximately $145,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Captrust Financial Advisors increased its position in shares of Playtika by 784.7% during the second quarter. Captrust Financial Advisors now owns 3,362 shares of the company’s stock valued at $45,000 after acquiring an additional 2,982 shares in the last quarter. Amundi increased its position in shares of Playtika by 4,125.9% during the fourth quarter. Amundi now owns 6,212 shares of the company’s stock valued at $59,000 after acquiring an additional 6,065 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Playtika by 72.8% during the fourth quarter. Wells Fargo & Company MN now owns 8,960 shares of the company’s stock valued at $76,000 after acquiring an additional 3,776 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Playtika during the fourth quarter valued at approximately $115,000. Finally, MetLife Investment Management LLC bought a new stake in shares of Playtika during the first quarter valued at approximately $130,000. Institutional investors own 11.94% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Bank of America upgraded shares of Playtika from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $10.00 to $13.00 in a research note on Friday, July 7th. 3M restated an “initiates” rating on shares of Playtika in a research note on Tuesday, June 27th. Citigroup initiated coverage on shares of Playtika in a research note on Monday, May 1st. They set a “neutral” rating on the stock. Wells Fargo & Company initiated coverage on shares of Playtika in a research note on Tuesday, June 27th. They set an “equal weight” rating and a $12.00 target price on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Playtika in a research note on Wednesday, March 29th. They set a “neutral” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.68.

Insider Transactions at Playtika

In other news, major shareholder On Chau sold 78,810,506 shares of the business’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $7.93, for a total value of $624,967,312.58. Following the sale, the insider now directly owns 2,000,000 shares in the company, valued at approximately $15,860,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.20% of the company’s stock.

Playtika Stock Performance

Shares of NASDAQ PLTK opened at $12.25 on Friday. The firm’s fifty day moving average is $11.18 and its two-hundred day moving average is $10.61. Playtika Holding Corp. has a 52-week low of $7.81 and a 52-week high of $13.16. The company has a market cap of $4.48 billion, a P/E ratio of 16.78, a P/E/G ratio of 1.28 and a beta of 0.82.

Playtika (NASDAQ:PLTK – Get Free Report) last posted its earnings results on Thursday, May 4th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Playtika had a net margin of 10.64% and a negative return on equity of 84.87%. The firm had revenue of $656.20 million for the quarter, compared to the consensus estimate of $646.46 million. During the same period in the previous year, the firm posted $0.20 EPS. The business’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, analysts forecast that Playtika Holding Corp. will post 0.88 EPS for the current fiscal year.

Playtika Company Profile

(Free Report)

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States 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 direct-to-consumer platforms.