Banque Cantonale Vaudoise Has $237,000 Stock Holdings in Playtika Holding Corp. (NASDAQ:PLTK)

Banque Cantonale Vaudoise increased its stake in Playtika Holding Corp. (NASDAQ:PLTK) by 142.9% during the third quarter, Holdings Channel.com reports. The fund owned 29,875 shares of the company’s stock after buying an additional 17,574 shares during the period. Banque Cantonale Vaudoise’s holdings in Playtika were worth $237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC lifted its stake in shares of Playtika by 65.1% in the third quarter. CWM LLC now owns 85,971 shares of the company’s stock worth $681,000 after acquiring an additional 33,902 shares during the period. Assenagon Asset Management S.A. bought a new stake in Playtika in the second quarter worth approximately $744,000. Russell Investments Group Ltd. increased its holdings in Playtika by 0.8% in the first quarter. Russell Investments Group Ltd. now owns 184,926 shares of the company’s stock worth $1,304,000 after purchasing an additional 1,495 shares in the last quarter. Vanguard Group Inc. increased its holdings in Playtika by 2.2% in the first quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company’s stock worth $25,141,000 after purchasing an additional 76,948 shares in the last quarter. Finally, Quest Partners LLC increased its holdings in Playtika by 705.5% in the third quarter. Quest Partners LLC now owns 161,249 shares of the company’s stock worth $1,277,000 after purchasing an additional 141,231 shares in the last quarter. 11.94% of the stock is owned by institutional investors and hedge funds.

Playtika Trading Down 0.8 %

PLTK stock opened at $8.53 on Friday. The stock’s fifty day simple moving average is $7.93 and its two-hundred day simple moving average is $7.89. Playtika Holding Corp. has a 1-year low of $6.25 and a 1-year high of $9.23. The stock has a market cap of $3.18 billion, a P/E ratio of 14.71, a P/E/G ratio of 2.17 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The firm had revenue of $620.80 million for the quarter, compared to analysts’ expectations of $622.46 million. During the same period in the prior year, the company earned $0.19 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, analysts forecast that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal year.

Playtika Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.69%. Playtika’s dividend payout ratio is presently 68.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Macquarie reiterated a “neutral” rating and issued a $7.00 target price on shares of Playtika in a report on Friday, November 8th. Roth Mkm lifted their target price on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Wedbush reiterated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.00.

Playtika 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.