Insider Selling: Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Sells $572,459.42 in Stock

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $7.54, for a total transaction of $572,459.42. Following the completion of the sale, the insider now directly owns 200,554,660 shares in the company, valued at $1,512,182,136.40. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Thursday, December 12th, Holding Uk Ltd Playtika II sold 291,508 shares of Playtika stock. The shares were sold at an average price of $8.17, for a total transaction of $2,381,620.36.
• 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 value of $763,073.10.
• 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 value 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 Down 1.7 %

Shares of NASDAQ PLTK opened at $6.85 on Friday. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88. The company’s 50-day simple moving average is $8.06 and its 200-day simple moving average is $7.81. Playtika Holding Corp. has a 52-week low of $6.25 and a 52-week high of $9.15.

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 negative return on equity of 144.73% and a net margin of 8.52%. The firm had revenue of $620.80 million during the quarter, compared to analyst estimates of $622.46 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. Equities research analysts anticipate that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 5.84%. 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 commented on PLTK. Wedbush reaffirmed an “outperform” rating and set a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. Roth Mkm raised their price target on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Macquarie reiterated a “neutral” rating and issued a $7.00 price objective 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 issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLTK. Pacer Advisors Inc. raised its position in shares of Playtika by 8.8% in 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 last quarter. AQR Capital Management LLC grew its stake 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 in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Playtika by 13.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock valued at $21,267,000 after acquiring an additional 326,890 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Playtika by 1.6% in the 2nd quarter. Renaissance Technologies LLC now owns 2,106,345 shares of the company’s stock worth $16,577,000 after purchasing an additional 32,802 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Playtika by 1.2% during the 3rd quarter. FMR LLC now owns 1,339,801 shares of the company’s stock worth $10,611,000 after purchasing an additional 15,471 shares during the last quarter. Hedge funds and other institutional investors 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.