Insider Selling: Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Sells 97,266 Shares of Stock

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $8.69, for a total transaction of $845,241.54. Following the completion of the sale, the insider now owns 202,968,069 shares of the company’s stock, valued at approximately $1,763,792,519.61. This represents a 0.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major 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 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 transaction of $626,894.55.

Playtika Trading Down 1.0 %

Shares of PLTK stock traded down $0.09 during trading on Tuesday, reaching $8.53. 487,823 shares of the company’s stock traded hands, compared to its average volume of 848,091. Playtika Holding Corp. has a 1 year low of $6.25 and a 1 year high of $9.23. The company has a market capitalization of $3.18 billion, a P/E ratio of 14.71, a PEG ratio of 2.20 and a beta of 0.85. The firm’s 50-day moving average is $7.94 and its 200 day moving average is $7.89.

Playtika (NASDAQ:PLTK) last posted 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). Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The company had revenue of $620.80 million during the quarter, compared to the consensus estimate of $622.46 million. During the same period in the previous year, the business earned $0.19 earnings per share. Playtika’s revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts predict that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal year.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders 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 dividend yield of 4.69%. Playtika’s dividend payout ratio (DPR) is currently 68.97%.

Hedge Funds Weigh In On Playtika

Hedge funds have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Playtika in the second quarter worth $31,000. Versant Capital Management Inc bought a new stake in shares of Playtika during the 2nd quarter valued at about $36,000. Acadian Asset Management LLC purchased a new position in shares of Playtika during the second quarter worth about $43,000. Headlands Technologies LLC increased its position in shares of Playtika by 648.8% in the second quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock worth $53,000 after purchasing an additional 5,794 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in Playtika in the third quarter valued at approximately $56,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Roth Mkm upped their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Macquarie reaffirmed a “neutral” rating and set a $7.00 target price on shares of Playtika in a research report on Friday, November 8th. Finally, Wedbush reissued an “outperform” rating and issued a $11.50 price target on shares of Playtika in a report on Thursday, September 19th. One equities research 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’s stock. According to data from MarketBeat, the company presently has an average 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.