Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Holding Uk Ltd Playtika II Sells 291,508 Shares

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 291,508 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $8.17, for a total value of $2,381,620.36. Following the completion of the transaction, the insider now directly owns 201,000,143 shares in the company, valued at $1,642,171,168.31. This represents a 0.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Monday, December 2nd, Holding Uk Ltd Playtika II sold 124,490 shares of Playtika stock. The stock was sold at an average price of $8.44, for a total value of $1,050,695.60.
• On Wednesday, November 27th, Holding Uk Ltd Playtika II sold 91,386 shares of Playtika stock. The stock was sold at an average price of $8.35, for a total transaction of $763,073.10.
• 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 Trading Down 0.3 %

NASDAQ PLTK opened at $7.47 on Wednesday. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 1.97 and a beta of 0.88. The stock has a 50-day moving average of $8.09 and a 200 day moving average of $7.84. Playtika Holding Corp. has a twelve month low of $6.25 and a twelve month high of $9.15.

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

Playtika Dividend Announcement

The business 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. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 annualized dividend and a dividend yield of 5.35%. Playtika’s dividend payout ratio (DPR) is 68.97%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Playtika during the 2nd quarter worth approximately $31,000. Acadian Asset Management LLC purchased a new stake in shares of Playtika during the second quarter worth approximately $43,000. Headlands Technologies LLC raised its stake in Playtika by 648.8% in the 2nd quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock valued at $53,000 after purchasing an additional 5,794 shares during the last quarter. Neo Ivy Capital Management purchased a new position in Playtika in the 3rd quarter valued at $56,000. Finally, Capital Performance Advisors LLP purchased a new position in Playtika in the 3rd quarter valued at $62,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PLTK shares. Macquarie reaffirmed a “neutral” rating and set a $7.00 price target on shares of Playtika in a research report on Friday, November 8th. Wedbush restated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research note on Thursday, September 19th. Finally, Roth Mkm lifted their price target on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One equities 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. According to MarketBeat.com, the company 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.