AQR Capital Management LLC Increases Position in Playtika Holding Corp. (NASDAQ:PLTK)

AQR Capital Management LLC grew its holdings in shares of Playtika Holding Corp. (NASDAQ:PLTK) by 66.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,836,383 shares of the company’s stock after purchasing an additional 3,132,272 shares during the period. AQR Capital Management LLC’s holdings in Playtika were worth $61,672,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PLTK. Alaska Permanent Fund Corp raised its stake in Playtika by 362.8% during the first quarter. Alaska Permanent Fund Corp now owns 225,673 shares of the company’s stock valued at $1,591,000 after buying an additional 176,913 shares during the last quarter. LSV Asset Management raised its position in shares of Playtika by 3.4% in the 1st quarter. LSV Asset Management now owns 7,756,485 shares of the company’s stock worth $54,683,000 after purchasing an additional 256,353 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Playtika in the 2nd quarter worth about $744,000. Russell Investments Group Ltd. grew its position in Playtika by 0.8% during the 1st quarter. Russell Investments Group Ltd. now owns 184,926 shares of the company’s stock valued at $1,304,000 after purchasing an additional 1,495 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Playtika by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company’s stock valued at $25,141,000 after purchasing an additional 76,948 shares during the last quarter. 11.94% of the stock is owned by institutional investors.

Playtika Stock Down 0.4 %

Playtika stock opened at $7.94 on Friday. The business has a 50-day simple moving average of $7.46 and a two-hundred day simple moving average of $7.66. Playtika Holding Corp. has a 52-week low of $6.25 and a 52-week high of $9.87. The company has a market cap of $2.95 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.61 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last announced its earnings results on Wednesday, August 7th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. The business had revenue of $627.00 million during 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 firm’s revenue was down 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 earnings per share. Research analysts anticipate that Playtika Holding Corp. will post 0.73 EPS for the current fiscal year.

Playtika Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.40 annualized dividend and a yield of 5.04%. Playtika’s dividend payout ratio (DPR) is presently 72.73%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group started coverage on shares of Playtika in a research note on Monday, June 24th. They issued a “neutral” rating and a $8.50 target price on the stock. Macquarie downgraded Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research note on Thursday, June 13th. Morgan Stanley boosted their price target on Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Roth Mkm reduced their price objective on Playtika from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, Wedbush restated an “outperform” rating and set a $11.50 target price on shares of Playtika in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.29.

Playtika Company Profile

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.