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 stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $8.17, for a total transaction of $2,381,620.36. Following the sale, the insider now owns 201,000,143 shares of the company’s stock, valued at approximately $1,642,171,168.31. This represents a 0.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large 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, December 2nd, Holding Uk Ltd Playtika II sold 124,490 shares of Playtika stock. The shares were sold at an average price of $8.44, for a total transaction 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 stock was sold at an average price of $8.55, for a total value of $626,894.55.

Playtika Stock Down 1.8 %

Shares of PLTK traded down $0.14 on Monday, reaching $7.49. The stock had a trading volume of 986,271 shares, compared to its average volume of 849,672. The firm has a 50-day moving average of $8.09 and a 200 day moving average of $7.86. The firm has a market capitalization of $2.79 billion, a PE ratio of 13.16, a PEG ratio of 1.97 and a beta of 0.88. Playtika Holding Corp. has a twelve month low of $6.25 and a twelve month high of $9.15.

Playtika (NASDAQ:PLTK) last posted its earnings results 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). 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 during the quarter, compared to analyst estimates of $622.46 million. During the same period last year, the company posted $0.19 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, sell-side 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. Shareholders 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 5.34%. The ex-dividend date of this dividend is Friday, December 20th. Playtika’s dividend payout ratio (DPR) is presently 68.97%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Roth Mkm upped their price objective on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Wedbush restated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research report on Thursday, September 19th. Finally, Macquarie reiterated a “neutral” rating and set a $7.00 target price 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 given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Playtika has a consensus rating of “Hold” and a consensus target price of $9.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Playtika during the 2nd quarter valued at $31,000. Acadian Asset Management LLC purchased a new stake in Playtika during the 2nd quarter worth about $43,000. Headlands Technologies LLC raised its stake in Playtika by 648.8% in the 2nd quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock valued at $53,000 after purchasing an additional 5,794 shares during the last quarter. Neo Ivy Capital Management purchased a new position in Playtika in the 3rd quarter valued at about $56,000. Finally, KBC Group NV lifted its holdings 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 purchasing an additional 1,266 shares in the last quarter. 11.94% of the stock is owned by hedge funds and other institutional investors.

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.