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

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 73,321 shares of the business’s 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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $8.69, for a total transaction of $845,241.54.

Playtika Price Performance

Shares of PLTK opened at $8.33 on Thursday. Playtika Holding Corp. has a 1-year low of $6.25 and a 1-year high of $9.23. The stock has a market cap of $3.10 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 2.22 and a beta of 0.85. The firm has a fifty day moving average price of $7.96 and a 200 day moving average price of $7.89.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The company had revenue of $620.80 million during the quarter, compared to analysts’ expectations of $622.46 million. During the same period last year, the firm earned $0.19 earnings per share. Playtika’s revenue was down 1.5% on a year-over-year basis. As a group, equities analysts expect that Playtika Holding Corp. will post 0.65 EPS 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 given a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a yield of 4.80%. Playtika’s dividend payout ratio (DPR) is presently 68.97%.

Institutional Investors Weigh In On Playtika

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its position in Playtika by 302.6% in the third quarter. Franklin Resources Inc. now owns 60,587 shares of the company’s stock valued at $454,000 after acquiring an additional 45,537 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Playtika by 43.6% in the third quarter. Sanctuary Advisors LLC now owns 31,809 shares of the company’s stock valued at $271,000 after buying an additional 9,658 shares during the last quarter. Barclays PLC raised its holdings in shares of Playtika by 4.8% in the third quarter. Barclays PLC now owns 163,138 shares of the company’s stock valued at $1,291,000 after buying an additional 7,480 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Playtika in the third quarter valued at about $56,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Playtika in the third quarter valued at about $608,000. 11.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PLTK has been the subject of several research reports. Roth Mkm boosted 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 issued a $11.50 price target on shares of Playtika in a research note on Thursday, September 19th. Finally, Macquarie reaffirmed a “neutral” rating and set a $7.00 price objective on shares of Playtika in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.00.

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.