Insider Selling: Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Sells 73,321 Shares of Stock

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 73,321 shares of Playtika stock in a transaction 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 owns 203,065,335 shares of the company’s stock, valued at approximately $1,736,208,614.25. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 Price Performance

Shares of NASDAQ PLTK traded down $0.09 during mid-day trading on Tuesday, hitting $8.53. The company had a trading volume of 487,823 shares, compared to its average volume of 848,091. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 2.20 and a beta of 0.85. The firm’s 50 day simple moving average is $7.94 and its two-hundred day simple moving average is $7.89. Playtika Holding Corp. has a 12 month low of $6.25 and a 12 month high of $9.23.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings results 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 firm had revenue of $620.80 million for the quarter, compared to analyst estimates of $622.46 million. During the same period last year, the firm posted $0.19 EPS. The business’s revenue was down 1.5% compared to the same quarter last year. Equities analysts forecast that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid 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 4.69%. Playtika’s payout ratio is currently 68.97%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PLTK. Roth Mkm upped their target price on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Macquarie restated a “neutral” rating and set a $7.00 price objective on shares of Playtika in a research note on Friday, November 8th. Finally, Wedbush reiterated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $9.00.

Hedge Funds Weigh In On Playtika

Hedge funds and other institutional investors have recently made changes to their positions in the business. KBC Group NV increased its position in Playtika by 19.3% in the 3rd quarter. KBC Group NV now owns 7,820 shares of the company’s stock valued at $62,000 after acquiring an additional 1,266 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Playtika by 0.8% during the first quarter. Russell Investments Group Ltd. now owns 184,926 shares of the company’s stock valued at $1,304,000 after purchasing an additional 1,495 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Playtika by 14.3% in the third quarter. Captrust Financial Advisors now owns 21,474 shares of the company’s stock worth $170,000 after purchasing an additional 2,694 shares during the period. SG Americas Securities LLC lifted its stake 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 worth $787,000 after acquiring an additional 3,206 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its holdings in Playtika by 16.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 22,695 shares of the company’s stock worth $179,000 after purchasing an additional 3,265 shares in the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

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.