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 Playtika stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $8.35, for a total transaction of $763,073.10. Following the completion of the transaction, the insider now directly owns 202,797,957 shares of the company’s stock, valued at $1,693,362,940.95. This trade represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 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, 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.
• On Friday, November 22nd, Holding Uk Ltd Playtika II sold 73,321 shares of Playtika stock. The shares were sold at an average price of $8.55, for a total value of $626,894.55.

Playtika Stock Up 1.1 %

PLTK stock opened at $8.42 on Friday. The company has a market capitalization of $3.14 billion, a P/E ratio of 14.52, a PEG ratio of 2.15 and a beta of 0.85. The company has a 50-day simple moving average of $7.97 and a 200 day simple moving average of $7.90. Playtika Holding Corp. has a fifty-two week low of $6.25 and a fifty-two week high of $9.23.

Playtika (NASDAQ:PLTK) last posted 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). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The company had revenue of $620.80 million during the quarter, compared to the consensus estimate of $622.46 million. During the same quarter last year, the business earned $0.19 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. Equities analysts anticipate that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend is Friday, December 20th. Playtika’s dividend payout ratio (DPR) is presently 68.97%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. 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. Wedbush reiterated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research note on Thursday, September 19th. Finally, Macquarie restated a “neutral” rating and set a $7.00 price target on shares of Playtika in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $9.00.

Institutional Trading of Playtika

Several institutional investors have recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in Playtika by 66.6% during the second quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company’s stock worth $61,672,000 after acquiring an additional 3,132,272 shares during the period. Pacer Advisors Inc. grew its stake in shares of Playtika by 19.7% in the 2nd quarter. Pacer Advisors Inc. now owns 9,420,312 shares of the company’s stock worth $74,138,000 after purchasing an additional 1,552,606 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Playtika by 13.9% in the 3rd 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 in the last quarter. Tidal Investments LLC acquired a new stake in Playtika during the first quarter valued at approximately $1,895,000. Finally, Edgestream Partners L.P. bought a new stake in Playtika during the third quarter worth approximately $1,473,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

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.