Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Holding Uk Ltd Playtika II Sells 73,321 Shares

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 73,321 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $8.55, for a total transaction of $626,894.55. Following the sale, the insider now owns 203,065,335 shares of the company’s stock, valued at $1,736,208,614.25. The trade was a 0.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own at least 10% 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 Monday, November 25th, Holding Uk Ltd Playtika II sold 97,266 shares of Playtika stock. The stock was sold at an average price of $8.69, for a total value of $845,241.54.

Playtika Trading Down 1.0 %

PLTK stock opened at $8.53 on Wednesday. The stock has a market cap of $3.18 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 2.22 and a beta of 0.85. The stock has a 50-day moving average price of $7.94 and a two-hundred day moving average price of $7.89. Playtika Holding Corp. has a 1 year low of $6.25 and a 1 year high of $9.23.

Playtika (NASDAQ:PLTK) last released its earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate 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 was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 EPS. On average, analysts forecast that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal year.

Playtika Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Friday, December 20th. Playtika’s dividend payout ratio (DPR) is currently 68.97%.

Institutional Investors Weigh In On Playtika

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its holdings in shares of Playtika by 8.8% in the 3rd quarter. Pacer Advisors Inc. now owns 10,249,684 shares of the company’s stock valued at $81,177,000 after acquiring an additional 829,372 shares in the last quarter. AQR Capital Management LLC boosted its position in Playtika by 66.6% during the second quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company’s stock valued at $61,672,000 after purchasing an additional 3,132,272 shares during the last quarter. Vanguard Group Inc. grew its stake in Playtika by 2.2% in the first quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company’s stock valued at $25,141,000 after purchasing an additional 76,948 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Playtika by 13.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock worth $21,267,000 after purchasing an additional 326,890 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Playtika by 1.6% in the 2nd quarter. Renaissance Technologies LLC now owns 2,106,345 shares of the company’s stock valued at $16,577,000 after buying an additional 32,802 shares during the last quarter. 11.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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