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Playtika Holding Corp (PLTK) Review – Making Smarter Decisions

Playtika Holding Corp (NASDAQ: PLTK) is -17.78% lower on its value in year-to-date trading and has touched a low of $6.25 and a high of $12.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PLTK stock was last observed hovering at around $6.96 in the last trading session, with the day’s gains setting it 0.21%.

Currently trading at $7.17, the stock is 1.85% and -0.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.33 million and changing 3.02% at the moment leaves the stock -20.82% off its SMA200. PLTK registered -36.32% loss for a year compared to 6-month loss of -25.93%. The firm has a 50-day simple moving average (SMA 50) of $1.59 and a 200-day simple moving average (SMA200) of $5.79.

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The stock witnessed a 7.82% gain in the last 1 month and extending the period to 3 months gives it a -14.85%, and is 3.31% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.00% over the week and 3.70% over the month.

Playtika Holding Corp (PLTK) has around 3600 employees, a market worth around $2.66B and $2.57B in sales. Current P/E ratio is 11.18 and Fwd P/E is 10.11. Profit margin for the company is 9.15%. Distance from 52-week low is 14.72% and -44.40% from its 52-week high. The company has generated returns on investments over the last 12 months (10.37%).

Playtika Holding Corp quarterly earnings per share for the current quarter are estimated at $0.16 with sales reaching $641.59M over the same period.The EPS is expected to grow by 3.40% this year, but quarterly earnings will post 0.20% year-over-year. Quarterly sales are estimated to shrink -2.20% in year-over-year returns.

213 institutions hold shares in Playtika Holding Corp (PLTK), with institutional investors hold 98.22% of the company’s shares. The shares outstanding are 370.00M, and float is at 69.18M with Short Float at 7.18%. Institutions hold 13.92% of the Float.

The top institutional shareholder in the company is AQR Capital Management, LLC with over 4.99 million shares valued at $57.84 million. The investor’s holdings represent 1.36% of the PLTK Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 3.06 million shares valued at $35.46 million to account for 0.83% of the shares outstanding. The other top investors are Blackrock Inc. which holds 2.57 million shares representing 0.70% and valued at over $29.87 million, while Renaissance Technologies, LLC holds 0.59% of the shares totaling 2.15 million with a market value of $24.97 million.

Playtika Holding Corp (PLTK) Insider Activity

The most recent transaction is an insider sale by Chau On, the company’s 10% Owner. SEC filings show that Chau On sold 400,000 shares of the company’s common stock on Jul 28 ’23 at a price of $11.89 per share for a total of $4.76 million. Following the sale, the insider now owns 79.91 million shares.

Playtika Holding Corp disclosed in a document filed with the SEC on Jul 27 ’23 that Chau On (10% Owner) sold a total of 300,000 shares of the company’s common stock. The trade occurred on Jul 27 ’23 and was made at $12.26 per share for $3.68 million. Following the transaction, the insider now directly holds 80.31 million shares of the PLTK stock.

Still, SEC filings show that on Jul 26 ’23, Chau On (10% Owner) disposed off 200,000 shares at an average price of $12.23 for $2.45 million. The insider now directly holds 80,610,506 shares of Playtika Holding Corp (PLTK).

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