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 47.79% to 6.7 million shares with purchase of 2.17 million shares. This fresh investment now brings its stake to 1.84% valued currently at $67.05 million. In addition, Pacer Advisors, Inc. raised its holdings by 0.37 million to 2.3 million shares. And Renaissance Technologies LLC has lifted its position by 18.62% or 0.26 million shares – to 1.64 million shares.
With over 1.31 million Playtika Holding Corp. (PLTK) shares trading Tuesday and a closing price of $10.07 on the day, the dollar volume was approximately $13.22 million. The shares have shown a positive half year performance of 6.45% and its price on 05/23/23 lost nearly -1.18%. Currently, there are 364.60M common shares owned by the public and among those 45.98M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for PLTK have a consensus price objective of $14.15. The analysts have set the share’s price value over the next 12 months at a high of $29.00 and a low of $10.00. The average price target is 28.83% above its recent price level and a downside to the estimated low will see the stock lose -0.7% over that period. But an upside of 65.28% will see the stock hit the forecast high price target while median target price for the stock is $12.00.
Insiders at the company have transacted a total of 38 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 2,130,702 shares. Insider sales of the common stock occurred on 17 occasions, with total insider shares sold totaling 107,857,879 shares.
The top 3 mutual fund holders in Playtika Holding Corp. are Pacer Fds. Tr. – US Cash Cows 100, Vanguard Extended Market Index Fu, and American Funds Small Cap World Fu. Pacer Fds. Tr. – US Cash Cows 100 owns 2.37 million shares of the company’s stock, all valued at over $23.73 million. The company bought an additional 1254.0 shares recently to bring their total holdings to about 0.65% of the shares outstanding. Vanguard Extended Market Index Fu bought 12326.0 shares to see its total holdings expand to 1.25 million shares valued at over $12.51 million and representing 0.34% of the shares outstanding. American Funds Small Cap World Fu bought 0.16 million shares to bring its total holdings to over 1.17 million shares at a value of $11.73 million. American Funds Small Cap World Fu now owns shares totaling to 0.32% of the shares outstanding.
Shares of Playtika Holding Corp. (NASDAQ: PLTK) opened at $10.12, down -$0.07 from a prior closing price of $10.19. However, the script later moved the day high at 10.17, down -1.18%. The company’s stock has a 5-day price change of -2.61% and 4.35% over the past three months. PLTK shares are trading 18.33% year to date (YTD), with the 12-month market performance down to -27.81% lower. It has a 12-month low price of $7.81 and touched a high of $15.61 over the same period. PLTK has an average intraday trading volume of 1.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.85%, -6.33%, and -0.21% respectively.
Institutional ownership of Playtika Holding Corp. (NASDAQ: PLTK) shares accounts for 21.00% of the company’s 364.60M shares outstanding. Mutual fund holders own 8.32%, while other institutional holders and individual stakeholders account for 89.87% and 4.71% respectively.
It has a market capitalization of $3.74B. The stock’s trailing 12-month PE ratio is 13.97, while the earnings-per-share (ttm) stands at $0.72. The company has a PEG of 0.80 and a Quick Ratio of 2.90. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.52% over the week and 3.82% over the month.
Analysts forecast that Playtika Holding Corp. (PLTK) will achieve an EPS of $Eltek Ltd. for the current quarter, $7.45 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Paratek Pharmaceuticals, Inc. while analysts give the company a high EPS estimate of $Playtika Holding Corp. Comparatively, EPS for the current quarter was $Patrick Industries, Inc. a year ago. Earnings per share for the fiscal year are expected to decrease by -9.10%, and 10.17% over the next financial year. EPS should grow at an annualized rate of 17.53% over the next five years, compared to 1.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate Playtika Holding Corp. (PLTK) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 6 of the 13 advise that investors “hold,” and 0 rated it as a “Sell.”
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