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 stock in a transaction on Monday, November 25th. The shares were sold at an average price of $8.69, for a total transaction of $845,241.54. Following the sale, the insider now directly owns 202,968,069 shares of the company’s stock, valued at $1,763,792,519.61. The trade was a 0.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock 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 shares were sold at an average price of $8.55, for a total transaction of $626,894.55.

Playtika Price Performance

Shares of NASDAQ PLTK opened at $8.33 on Thursday. Playtika Holding Corp. has a 1 year low of $6.25 and a 1 year high of $9.23. The firm has a 50-day moving average of $7.96 and a 200 day moving average of $7.89. The stock has a market cap of $3.10 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 2.22 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last issued 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 prior year, the firm earned $0.19 earnings per share. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Research analysts expect that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal year.

Playtika Announces Dividend

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

Hedge Funds Weigh In On Playtika

A number of hedge funds have recently bought and sold shares of PLTK. Franklin Resources Inc. raised its holdings in Playtika by 302.6% in the third quarter. Franklin Resources Inc. now owns 60,587 shares of the company’s stock worth $454,000 after buying an additional 45,537 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Playtika by 43.6% during the third quarter. Sanctuary Advisors LLC now owns 31,809 shares of the company’s stock valued at $271,000 after acquiring an additional 9,658 shares in the last quarter. Barclays PLC lifted its position in Playtika by 4.8% in the 3rd quarter. Barclays PLC now owns 163,138 shares of the company’s stock valued at $1,291,000 after acquiring an additional 7,480 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Playtika during the 3rd quarter valued at $56,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Playtika in the 3rd quarter worth $608,000. Institutional investors own 11.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PLTK shares. Wedbush reaffirmed an “outperform” rating and set a $11.50 price target 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 report on Friday, November 8th. Finally, Roth Mkm lifted 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. One research 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.com, Playtika currently 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.