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

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 291,508 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $8.17, for a total value of $2,381,620.36. Following the sale, the insider now directly owns 201,000,143 shares of the company’s stock, 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 legal filing with the SEC, which is available through this link. Large shareholders that own at least 10% 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, 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 shares were 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 Price Performance

Shares of NASDAQ PLTK opened at $7.47 on Wednesday. Playtika Holding Corp. has a 1-year low of $6.25 and a 1-year high of $9.15. The business has a fifty day moving average price of $8.09 and a 200 day moving average price of $7.84. The stock has a market capitalization of $2.78 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88.

Playtika (NASDAQ:PLTK) last released 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 firm 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 business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 earnings per share. As a group, equities research analysts anticipate that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal year.

Playtika Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date is Friday, December 20th. Playtika’s payout ratio is presently 68.97%.

Institutional Trading of Playtika

A number of institutional investors have recently made changes to their positions in the business. KBC Group NV raised its stake in Playtika by 19.3% in the third quarter. KBC Group NV now owns 7,820 shares of the company’s stock valued at $62,000 after buying an additional 1,266 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Playtika by 14.3% during the third quarter. Captrust Financial Advisors now owns 21,474 shares of the company’s stock valued at $170,000 after acquiring an additional 2,694 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Playtika by 3.3% in the 3rd quarter. SG Americas Securities LLC now owns 99,306 shares of the company’s stock valued at $787,000 after purchasing an additional 3,206 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Playtika in the 2nd quarter worth approximately $31,000. Finally, Allspring Global Investments Holdings LLC grew its position in Playtika by 16.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 37,726 shares of the company’s stock worth $297,000 after purchasing an additional 5,352 shares during the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PLTK shares. Roth Mkm boosted their price target on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Macquarie reiterated a “neutral” rating and issued a $7.00 target price on shares of Playtika in a report on Friday, November 8th. Finally, Wedbush restated an “outperform” rating and set a $11.50 price target on shares of Playtika in a research note on Thursday, September 19th. One investment 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’s stock. According to data from MarketBeat, the stock presently 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.