Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Holding Uk Ltd Playtika II Sells 75,923 Shares

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of Playtika 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 sale, the insider now directly owns 200,554,660 shares of the company’s stock, valued at $1,512,182,136.40. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major 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 Thursday, December 12th, Holding Uk Ltd Playtika II sold 291,508 shares of Playtika stock. The stock was sold at an average price of $8.17, for a total value of $2,381,620.36.
• 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 value of $1,050,695.60.
• On Wednesday, November 27th, Holding Uk Ltd Playtika II sold 91,386 shares of Playtika stock. The stock was 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 shares were 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 transaction of $626,894.55.

Playtika Stock Performance

NASDAQ PLTK opened at $7.12 on Thursday. The stock has a market capitalization of $2.65 billion, a PE ratio of 12.28, a P/E/G ratio of 1.97 and a beta of 0.88. The stock has a 50-day simple moving average of $8.08 and a 200 day simple moving average of $7.83. Playtika Holding Corp. has a twelve month low of $6.25 and a twelve month high of $9.15.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The business had revenue of $620.80 million for the quarter, compared to analyst estimates of $622.46 million. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share. As a group, equities research analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 annualized dividend and a yield of 5.62%. Playtika’s dividend payout ratio is 68.97%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Roth Mkm increased their price target 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. Wedbush restated an “outperform” rating and set a $11.50 target price on shares of Playtika in a report on Thursday, September 19th. Finally, Macquarie reiterated a “neutral” rating and set 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 issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC grew its position in Playtika by 66.6% during the second quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company’s stock worth $61,672,000 after buying an additional 3,132,272 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Playtika by 19.7% in the 2nd quarter. Pacer Advisors Inc. now owns 9,420,312 shares of the company’s stock valued at $74,138,000 after acquiring an additional 1,552,606 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Playtika by 13.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock worth $21,267,000 after acquiring an additional 326,890 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Playtika during the 3rd quarter worth approximately $1,473,000. Finally, State Street Corp increased its position in shares of Playtika by 12.9% during the third quarter. State Street Corp now owns 1,317,709 shares of the company’s stock valued at $10,564,000 after purchasing an additional 150,878 shares during the period. Institutional investors own 11.94% of the company’s stock.

About Playtika

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.