Insider Selling: Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Sells $1,050,695.60 in Stock

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 124,490 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $8.44, for a total transaction of $1,050,695.60. Following the completion of the transaction, the insider now owns 202,673,467 shares in the company, valued at $1,710,564,061.48. The trade was a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 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 stock was sold at an average price of $8.55, for a total value of $626,894.55.

Playtika Stock Performance

Shares of NASDAQ:PLTK opened at $8.56 on Friday. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 2.21 and a beta of 0.88. The firm has a fifty day moving average price of $8.05 and a 200 day moving average price of $7.88. Playtika Holding Corp. has a fifty-two week low of $6.25 and a fifty-two week high of $9.23.

Playtika (NASDAQ:PLTK) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.11 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 company had revenue of $620.80 million for the quarter, compared to the consensus estimate of $622.46 million. During the same period last year, the company earned $0.19 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, research analysts predict that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Announces Dividend

The company also recently disclosed 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. This represents a $0.40 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend is Friday, December 20th. Playtika’s payout ratio is 68.97%.

Institutional Trading of Playtika

Several hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings in shares of Playtika by 8.8% in the third quarter. Pacer Advisors Inc. now owns 10,249,684 shares of the company’s stock valued at $81,177,000 after purchasing an additional 829,372 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Playtika by 66.6% in the 2nd 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. Vanguard Group Inc. grew its stake in shares of Playtika by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company’s stock worth $25,141,000 after buying an additional 76,948 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings 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 buying an additional 326,890 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Playtika by 1.6% during the 2nd quarter. Renaissance Technologies LLC now owns 2,106,345 shares of the company’s stock valued at $16,577,000 after buying an additional 32,802 shares in the last quarter. 11.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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