Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Holding Uk Ltd Playtika II Sells 73,321 Shares

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 stock was sold at an average price of $8.55, for a total transaction of $626,894.55. Following the completion of the sale, the insider now directly owns 203,065,335 shares of the company’s stock, valued at $1,736,208,614.25. This represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares 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 shares were sold at an average price of $8.69, for a total transaction of $845,241.54.

Playtika Stock Performance

Shares of Playtika stock opened at $8.53 on Wednesday. Playtika Holding Corp. has a twelve month low of $6.25 and a twelve month high of $9.23. The firm has a market cap of $3.18 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 2.22 and a beta of 0.85. The firm’s 50-day simple moving average is $7.94 and its 200-day simple moving average is $7.89.

Playtika (NASDAQ:PLTK) last released its quarterly earnings data 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). The company 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.19 earnings per share. On average, equities analysts forecast that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal year.

Playtika Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.69%. The ex-dividend date is Friday, December 20th. Playtika’s payout ratio is 68.97%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wedbush restated an “outperform” rating and set a $11.50 target price on shares of Playtika in a report on Thursday, September 19th. Macquarie reiterated a “neutral” rating and set a $7.00 price target on shares of Playtika in a report on Friday, November 8th. Finally, Roth Mkm boosted their price objective on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note 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 issued a buy rating to the company’s stock. According to MarketBeat, Playtika presently has an average rating of “Hold” and an average target price of $9.00.

Institutional Investors Weigh In On Playtika

A number of hedge funds have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Playtika during the second quarter worth approximately $31,000. Versant Capital Management Inc acquired a new stake in Playtika in the 2nd quarter valued at about $36,000. Acadian Asset Management LLC acquired a new position in shares of Playtika during the second quarter worth approximately $43,000. Headlands Technologies LLC lifted its holdings in Playtika by 648.8% during the 2nd quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock worth $53,000 after buying an additional 5,794 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Playtika in the 3rd quarter valued at $56,000. 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.