Insider Selling: Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Sells 91,386 Shares of Stock

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 91,386 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $8.35, for a total value of $763,073.10. Following the sale, the insider now directly owns 202,797,957 shares in the company, valued at $1,693,362,940.95. This represents a 0.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 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 value 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 Trading Up 1.1 %

NASDAQ:PLTK traded up $0.09 during trading hours on Friday, hitting $8.42. 240,833 shares of the company were exchanged, compared to its average volume of 844,785. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 2.15 and a beta of 0.85. Playtika Holding Corp. has a one year low of $6.25 and a one year high of $9.23. The company has a fifty day simple moving average of $7.97 and a 200 day simple moving average of $7.90.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $622.46 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. Equities research analysts predict that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal year.

Playtika Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a yield of 4.75%. Playtika’s payout ratio is currently 68.97%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Playtika

A number of large investors have recently bought and sold shares of PLTK. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Playtika in the 2nd quarter valued at about $31,000. Versant Capital Management Inc acquired a new stake in shares of Playtika in the 2nd quarter valued at about $36,000. Acadian Asset Management LLC acquired a new stake in shares of Playtika in the 2nd quarter valued at about $43,000. Headlands Technologies LLC grew its stake in shares of 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 buying an additional 5,794 shares during the period. Finally, Neo Ivy Capital Management acquired a new stake in shares of Playtika in the 3rd quarter valued at about $56,000. 11.94% of the stock is currently owned by institutional investors and hedge funds.

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.