Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Sells $763,073.10 in Stock

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 91,386 shares of Playtika stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $8.35, for a total value of $763,073.10. Following the completion of the transaction, the insider now directly owns 202,797,957 shares in the company, valued at approximately $1,693,362,940.95. This represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 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 stock was sold at an average price of $8.55, for a total value of $626,894.55.

Playtika Stock Up 1.1 %

Shares of NASDAQ:PLTK opened at $8.42 on Monday. The stock’s 50 day moving average is $7.98 and its 200-day moving average is $7.89. Playtika Holding Corp. has a twelve month low of $6.25 and a twelve month high of $9.23. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 2.17 and a beta of 0.85.

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

Playtika Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PLTK shares. Wedbush reissued an “outperform” rating and issued a $11.50 price target on shares of Playtika in a research note on Thursday, September 19th. Roth Mkm boosted their price target on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Macquarie reissued a “neutral” rating and issued a $7.00 price target on shares of Playtika in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.00.

Institutional Investors Weigh In On Playtika

Several institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. grew its holdings in Playtika by 302.6% during the third quarter. Franklin Resources Inc. now owns 60,587 shares of the company’s stock worth $454,000 after buying an additional 45,537 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Playtika by 43.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 31,809 shares of the company’s stock valued at $271,000 after purchasing an additional 9,658 shares during the period. Barclays PLC grew its stake in Playtika by 4.8% in the 3rd quarter. Barclays PLC now owns 163,138 shares of the company’s stock valued at $1,291,000 after purchasing an additional 7,480 shares during the period. Neo Ivy Capital Management bought a new position in Playtika in the 3rd quarter valued at $56,000. Finally, Public Employees Retirement System of Ohio bought a new position in Playtika in the 3rd quarter valued at $608,000. 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.