AQR Capital Management LLC recently announced the acquisition of new stake in Playtika Holding Corp (NASDAQ:PLTK). The institutional investor has increased its shareholding in the Communication Services company by 2.14% to 5.09 million shares with purchase of 0.11 million shares. This fresh investment now brings its stake to 1.39% valued currently at $44.42 million. In addition, LSV Asset Management raised its holdings by 3.16 million to 4.6 million shares.
With over 0.45 million Playtika Holding Corp (PLTK) shares trading Friday and a closing price of $7.70 on the day, the dollar volume was approximately $3.45 million. The shares have shown a negative half year performance of -38.60% and its price on 01/12/24 lost nearly -2.04%. Currently, there are 363.60M common shares owned by the public and among those 65.87M shares have been available to trade.
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Insiders at the company have transacted a total of 39 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 709,702 shares. Insider sales of the common stock occurred on 24 occasions, with total insider shares sold totaling 80,660,690 shares.
The top 3 mutual fund holders in Playtika Holding Corp are Pacer Fds. Tr. – US Cash Cows 100, John Hancock Small Cap Core Fund, and Vanguard Extended Market Index Fu. Pacer Fds. Tr. – US Cash Cows 100 owns 4.52 million shares of the company’s stock, all valued at over $39.45 million. The company bought an additional 10208.0 shares recently to bring their total holdings to about 1.23% of the shares outstanding. Vanguard Extended Market Index Fu bought 1840.0 shares to bring its total holdings to over 0.98 million shares at a value of $8.59 million. Vanguard Extended Market Index Fu now owns shares totaling to 0.27% of the shares outstanding.
Shares of Playtika Holding Corp (NASDAQ: PLTK) opened at $7.87, up $0.01 from a prior closing price of $7.86. However, the script later moved the day high at 7.96, down -2.04%. The company’s stock has a 5-day price change of -2.16% and -18.35% over the past three months. PLTK shares are trading -11.70% year to date (YTD), with the 12-month market performance down to -18.86% lower. It has a 12-month low price of $7.58 and touched a high of $12.90 over the same period. PLTK has an average intraday trading volume of 869.27K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.45%, -8.11%, and -23.06% respectively.
Institutional ownership of Playtika Holding Corp (NASDAQ: PLTK) shares accounts for 13.34% of the company’s 363.60M shares outstanding. Mutual fund holders own 7.45%, while other institutional holders and individual stakeholders account for 81.55% and 5.88% respectively.
It has a market capitalization of $2.83B and a beta (3y monthly) value of 0.86. The stock’s trailing 12-month PE ratio is 9.90, while the earnings-per-share (ttm) stands at $0.78. The company has a PEG of 1.11 and a Quick Ratio of 2.92. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.63% over the week and 3.08% over the month.
Analysts forecast that Playtika Holding Corp (PLTK) will achieve an EPS of $0.17 for the current quarter, $0.2 for the next quarter and $0.85 for 2024. The lowest estimate earnings-per-share for the quarter is $0.16 while analysts give the company a high EPS estimate of $0.18. Comparatively, EPS for the current quarter was $0.24 a year ago. Earnings per share for the fiscal year are expected to increase by 4.79%, and 17.49% over the next financial year. EPS should grow at an annualized rate of 8.90% over the next five years, compared to 1.78% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 12 brokerage firm advisors rate Playtika Holding Corp (PLTK) as a “Moderate Buy” at a consensus score of 2.08. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 6 of the 12 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the PLTK, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on November 21, 2023, with the firm’s price target at $11.
