Holding Uk Ltd Playtika II Sells 97,266 Shares of Playtika Holding Corp. (NASDAQ:PLTK) Stock

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was 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 in the company, valued at $1,763,792,519.61. This represents a 0.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases 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 shares were sold at an average price of $8.55, for a total value of $626,894.55.

Playtika Price Performance

Shares of NASDAQ PLTK opened at $8.33 on Thursday. The stock has a market cap of $3.10 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 2.22 and a beta of 0.85. Playtika Holding Corp. has a 1 year low of $6.25 and a 1 year high of $9.23. The firm has a fifty day moving average price of $7.96 and a 200-day moving average price of $7.89.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The business had revenue of $620.80 million during the quarter, compared to analysts’ expectations of $622.46 million. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 EPS. On average, research analysts expect that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Dividend Announcement

The business also recently disclosed 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 currently 68.97%.

Hedge Funds Weigh In On Playtika

Several hedge funds have recently modified their holdings of the stock. KBC Group NV grew its stake in Playtika by 19.3% during the third quarter. KBC Group NV now owns 7,820 shares of the company’s stock valued at $62,000 after acquiring an additional 1,266 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Playtika by 0.8% during the first quarter. Russell Investments Group Ltd. now owns 184,926 shares of the company’s stock valued at $1,304,000 after purchasing an additional 1,495 shares in the last quarter. Captrust Financial Advisors increased its holdings 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 purchasing an additional 2,694 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Playtika by 3.3% in the third quarter. SG Americas Securities LLC now owns 99,306 shares of the company’s stock worth $787,000 after buying an additional 3,206 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its stake in Playtika by 16.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 22,695 shares of the company’s stock valued at $179,000 after buying an additional 3,265 shares during the last quarter. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Roth Mkm increased 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 price target on shares of Playtika in a research report on Friday, November 8th. Finally, Wedbush reissued an “outperform” rating and issued a $11.50 price objective 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 stock. Based on data from MarketBeat, the company presently 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.