Insider Selling: Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Sells $626,894.55 in Stock

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 73,321 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 203,065,335 shares of the company’s stock, valued at $1,736,208,614.25. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% 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 transaction of $845,241.54.

Playtika Stock Performance

Shares of PLTK stock opened at $8.33 on Friday. The stock’s 50 day simple moving average is $7.97 and its 200 day simple moving average is $7.89. Playtika Holding Corp. has a twelve month low of $6.25 and a twelve month high of $9.23. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 2.22 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last released 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). The firm had revenue of $620.80 million during the quarter, compared to the consensus estimate of $622.46 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 EPS. On average, analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date is Friday, December 20th. Playtika’s dividend payout ratio (DPR) is 68.97%.

Hedge Funds Weigh In On Playtika

A number of institutional investors have recently made changes to their positions in PLTK. KBC Group NV grew its holdings in Playtika by 19.3% in the 3rd quarter. KBC Group NV now owns 7,820 shares of the company’s stock valued at $62,000 after buying an additional 1,266 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Playtika by 0.8% in the first quarter. Russell Investments Group Ltd. now owns 184,926 shares of the company’s stock valued at $1,304,000 after acquiring an additional 1,495 shares during the period. Captrust Financial Advisors grew its stake in shares of Playtika by 14.3% in the third quarter. Captrust Financial Advisors now owns 21,474 shares of the company’s stock worth $170,000 after acquiring an additional 2,694 shares during the last quarter. SG Americas Securities LLC increased its position in Playtika by 3.3% during the third quarter. SG Americas Securities LLC now owns 99,306 shares of the company’s stock worth $787,000 after acquiring an additional 3,206 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its stake in Playtika by 16.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 22,695 shares of the company’s stock valued at $179,000 after purchasing an additional 3,265 shares during the last quarter. 11.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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