Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Holding Uk Ltd Playtika II Sells 91,386 Shares

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 91,386 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $8.35, for a total value of $763,073.10. Following the completion of the transaction, the insider now owns 202,797,957 shares of the company’s stock, valued at approximately $1,693,362,940.95. This represents a 0.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Holding Uk Ltd Playtika II also recently made the following trade(s):

• On Monday, November 25th, Holding Uk Ltd Playtika II sold 97,266 shares of Playtika stock. The shares were sold at an average price of $8.69, for a total transaction of $845,241.54.
• On Friday, November 22nd, Holding Uk Ltd Playtika II sold 73,321 shares of Playtika stock. The stock was sold at an average price of $8.55, for a total transaction of $626,894.55.

Playtika Price Performance

PLTK opened at $8.42 on Friday. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 2.15 and a beta of 0.85. Playtika Holding Corp. has a 12 month low of $6.25 and a 12 month high of $9.23. The business has a 50-day moving average of $7.97 and a two-hundred day moving average of $7.90.

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

Playtika Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 annualized dividend and a yield of 4.75%. Playtika’s payout ratio is 68.97%.

Institutional Investors Weigh In On Playtika

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Playtika by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company’s stock valued at $25,141,000 after buying an additional 76,948 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Playtika by 6.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 188,612 shares of the company’s stock valued at $1,331,000 after purchasing an additional 12,186 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Playtika during the first quarter worth about $1,895,000. Versant Capital Management Inc bought a new stake in Playtika in the second quarter valued at about $36,000. Finally, CWM LLC raised its stake in Playtika by 885.8% during the second quarter. CWM LLC now owns 52,069 shares of the company’s stock valued at $410,000 after buying an additional 46,787 shares in the last quarter. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PLTK. Roth Mkm raised their price objective on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Wedbush reissued an “outperform” rating and set a $11.50 price target on shares of Playtika in a research report on Thursday, September 19th. Finally, Macquarie reissued a “neutral” rating and issued a $7.00 price target on shares of Playtika in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $9.00.

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.