Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Sells $626,894.55 in Stock

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 73,321 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $8.55, for a total value of $626,894.55. Following the sale, the insider now owns 203,065,335 shares in the company, valued at approximately $1,736,208,614.25. This represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 stock was sold at an average price of $8.69, for a total transaction of $845,241.54.

Playtika Trading Down 2.3 %

NASDAQ:PLTK opened at $8.33 on Friday. The stock has a market capitalization of $3.10 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 2.22 and a beta of 0.85. Playtika Holding Corp. has a 1 year low of $6.25 and a 1 year high of $9.23. The firm has a 50 day moving average of $7.97 and a 200-day moving average of $7.89.

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 the consensus estimate of $0.18 by ($0.07). The business had revenue of $620.80 million during the quarter, compared to the consensus estimate of $622.46 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 EPS. As a group, analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Friday, December 20th. Playtika’s dividend payout ratio is currently 68.97%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PLTK. Wedbush restated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. Macquarie reissued a “neutral” rating and issued a $7.00 price target on shares of Playtika in a research report on Friday, November 8th. Finally, Roth Mkm lifted their price objective on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. One equities 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 company. Based on data from MarketBeat.com, Playtika presently has an average rating of “Hold” and an average price target of $9.00.

Institutional Investors Weigh In On Playtika

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Playtika during the second quarter valued at approximately $31,000. Versant Capital Management Inc bought a new position in Playtika in the 2nd quarter valued at $36,000. Acadian Asset Management LLC acquired a new stake in shares of Playtika in the 2nd quarter valued at $43,000. Headlands Technologies LLC raised its position in shares of Playtika by 648.8% during the second quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock worth $53,000 after acquiring an additional 5,794 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of Playtika during the third quarter valued at $56,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

About Playtika

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.