Insider Selling: Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Sells 97,266 Shares of Stock

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the business’s stock in a transaction 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 directly owns 202,968,069 shares of the company’s stock, valued at approximately $1,763,792,519.61. The trade was a 0.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares 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 stock was sold at an average price of $8.55, for a total transaction of $626,894.55.

Playtika Stock Down 1.0 %

Playtika stock opened at $8.53 on Wednesday. Playtika Holding Corp. has a 52-week low of $6.25 and a 52-week high of $9.23. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 2.22 and a beta of 0.85. The company has a fifty day simple moving average of $7.94 and a 200-day simple moving average of $7.89.

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

Playtika Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.69%. The ex-dividend date is Friday, December 20th. Playtika’s dividend payout ratio (DPR) is presently 68.97%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Roth Mkm upped their price objective on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Macquarie restated a “neutral” rating and set a $7.00 price objective on shares of Playtika in a research report on Friday, November 8th. Finally, Wedbush restated an “outperform” rating and set a $11.50 price objective on shares of Playtika in a research report on Thursday, September 19th. One 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $9.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PLTK. Russell Investments Group Ltd. boosted its stake in Playtika by 0.8% during the first quarter. Russell Investments Group Ltd. now owns 184,926 shares of the company’s stock worth $1,304,000 after buying an additional 1,495 shares during the period. Vanguard Group Inc. boosted its stake in Playtika by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company’s stock worth $25,141,000 after buying an additional 76,948 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Playtika by 6.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 188,612 shares of the company’s stock worth $1,331,000 after buying an additional 12,186 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Playtika by 0.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,350,298 shares of the company’s stock worth $9,520,000 after buying an additional 12,546 shares during the period. Finally, Tidal Investments LLC purchased a new position in Playtika during the first quarter worth about $1,895,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

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.