Insider Selling: Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Sells 97,266 Shares of Stock

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $8.69, for a total value of $845,241.54. Following the transaction, the insider now directly owns 202,968,069 shares in the company, valued at approximately $1,763,792,519.61. This represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• 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 Trading Down 1.0 %

Shares of PLTK stock traded down $0.09 during trading hours on Tuesday, reaching $8.53. The company’s stock had a trading volume of 487,823 shares, compared to its average volume of 848,091. The stock has a market capitalization of $3.18 billion, a P/E ratio of 14.71, a P/E/G ratio of 2.20 and a beta of 0.85. The firm’s fifty day simple moving average is $7.94 and its 200 day simple moving average is $7.89. Playtika Holding Corp. has a one year low of $6.25 and a one year high of $9.23.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The company had revenue of $620.80 million for the quarter, compared to analysts’ expectations of $622.46 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share. As a group, equities research 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 announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.69%. The ex-dividend date is Friday, December 20th. Playtika’s dividend payout ratio is currently 68.97%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. lifted its position in Playtika by 8.8% during the third quarter. Pacer Advisors Inc. now owns 10,249,684 shares of the company’s stock valued at $81,177,000 after buying an additional 829,372 shares during the period. AQR Capital Management LLC lifted its position in Playtika by 66.6% during the 2nd quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company’s stock valued at $61,672,000 after acquiring an additional 3,132,272 shares during the period. Vanguard Group Inc. boosted its stake in Playtika by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company’s stock worth $25,141,000 after acquiring an additional 76,948 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Playtika by 13.9% in the third quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock worth $21,267,000 after purchasing an additional 326,890 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Playtika by 1.6% during the second quarter. Renaissance Technologies LLC now owns 2,106,345 shares of the company’s stock valued at $16,577,000 after purchasing an additional 32,802 shares in the last quarter. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Wall Street Analyst Weigh In

PLTK has been the subject of several recent research reports. Macquarie reissued a “neutral” rating and issued a $7.00 price target on shares of Playtika in a research note on Friday, November 8th. Wedbush restated an “outperform” rating and set a $11.50 price target on shares of Playtika in a research report on Thursday, September 19th. Finally, Roth Mkm boosted their price objective on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.