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 stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $8.55, for a total value of $626,894.55. Following the sale, the insider now owns 203,065,335 shares of the company’s stock, valued at approximately $1,736,208,614.25. This represents a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions 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 shares were sold at an average price of $8.69, for a total value of $845,241.54.

Playtika Stock Performance

PLTK stock opened at $8.33 on Thursday. The firm has a market cap of $3.10 billion, a PE ratio of 14.36, a PEG ratio of 2.22 and a beta of 0.85. The firm’s 50 day moving average price is $7.96 and its 200-day moving average price is $7.89. Playtika Holding Corp. has a one year low of $6.25 and a one year high of $9.23.

Playtika (NASDAQ:PLTK) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $620.80 million for the quarter, compared to analysts’ expectations of $622.46 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 EPS. Equities research analysts predict that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

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 issued a $0.10 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.40 annualized dividend and a yield of 4.80%. Playtika’s dividend payout ratio (DPR) is presently 68.97%.

Institutional Trading of Playtika

Several institutional investors have recently added to or reduced their stakes in PLTK. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Playtika in the 2nd quarter valued at approximately $31,000. Versant Capital Management Inc acquired a new stake in Playtika in the 2nd quarter valued at approximately $36,000. Acadian Asset Management LLC acquired a new stake in Playtika in the 2nd quarter valued at approximately $43,000. Headlands Technologies LLC increased its holdings 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. Finally, Neo Ivy Capital Management acquired a new stake in Playtika in the 3rd quarter valued at approximately $56,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PLTK. Wedbush restated an “outperform” rating and set a $11.50 target price on shares of Playtika in a research report on Thursday, September 19th. Macquarie restated a “neutral” rating and set a $7.00 target price on shares of Playtika in a research report on Friday, November 8th. Finally, Roth Mkm raised 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.00.

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.