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 stock was sold at an average price of $7.54, for a total transaction of $572,459.42. Following the transaction, the insider now directly owns 200,554,660 shares of the company’s stock, valued at $1,512,182,136.40. The trade was a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 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 Thursday, December 12th, Holding Uk Ltd Playtika II sold 291,508 shares of Playtika stock. The shares were 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 stock was 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 transaction 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 transaction 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 value of $626,894.55.

Playtika Stock Performance

NASDAQ:PLTK traded down $0.33 during midday trading on Wednesday, reaching $7.14. 647,916 shares of the stock traded hands, compared to its average volume of 847,583. The business has a 50-day moving average of $8.09 and a two-hundred day moving average of $7.84. Playtika Holding Corp. has a 12-month low of $6.25 and a 12-month high of $9.15. The stock has a market capitalization of $2.66 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings data 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 negative return on equity of 144.73% and a net margin of 8.52%. The business had revenue of $620.80 million during the quarter, compared to analyst estimates of $622.46 million. During the same period in the previous year, the business earned $0.19 EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. Research analysts anticipate that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors 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 5.60%. The ex-dividend date is Friday, December 20th. Playtika’s dividend payout ratio (DPR) is presently 68.97%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. acquired a new position in shares of Playtika in the 2nd quarter valued at $744,000. Pallas Capital Advisors LLC acquired a new stake in shares of Playtika during the second quarter worth about $266,000. Bank of New York Mellon Corp boosted its position in Playtika by 40.2% in the second quarter. Bank of New York Mellon Corp now owns 128,725 shares of the company’s stock valued at $1,013,000 after buying an additional 36,883 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Playtika by 16.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 37,726 shares of the company’s stock worth $297,000 after buying an additional 5,352 shares during the period. Finally, ARK Investment Management LLC raised its position in Playtika by 7.9% during the 2nd quarter. ARK Investment Management LLC now owns 314,742 shares of the company’s stock worth $2,477,000 after buying an additional 22,913 shares during the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PLTK shares. Roth Mkm lifted their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Macquarie reaffirmed a “neutral” rating and issued a $7.00 price objective on shares of Playtika in a research note on Friday, November 8th. Finally, Wedbush restated an “outperform” rating and issued a $11.50 price target on shares of Playtika in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock 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.