Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Sells $1,828,549.10 in Stock

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 389,053 shares of the business’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $4.70, for a total value of $1,828,549.10. Following the transaction, the insider now owns 199,510,511 shares in the company, valued at approximately $937,699,401.70. This trade represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more 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 Wednesday, May 28th, Holding Uk Ltd Playtika II sold 150,869 shares of Playtika stock. The shares were sold at an average price of $4.77, for a total value of $719,645.13.
• On Wednesday, May 14th, Holding Uk Ltd Playtika II sold 200,000 shares of Playtika stock. The shares were sold at an average price of $5.00, for a total value of $1,000,000.00.

Playtika Stock Down 0.2%

Shares of PLTK opened at $4.74 on Friday. Playtika Holding Corp. has a 52 week low of $3.97 and a 52 week high of $9.07. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 1.69 and a beta of 0.91. The stock’s 50-day moving average price is $4.99 and its 200-day moving average price is $6.28.

Playtika (NASDAQ:PLTK) last issued its earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The company had revenue of $706.00 million during the quarter, compared to analysts’ expectations of $699.67 million. During the same quarter in the previous year, the company earned $0.14 EPS. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts anticipate that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 23rd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 8.44%. Playtika’s payout ratio is 105.26%.

Wall Street Analyst Weigh In

Several analysts have weighed in on PLTK shares. Baird R W downgraded Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Morgan Stanley dropped their price target on Playtika from $7.25 to $5.75 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. Citigroup dropped their price target on Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Macquarie dropped their price target on Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Friday, February 28th. Finally, Robert W. Baird restated a “neutral” rating and issued a $6.00 target price (down previously from $9.00) on shares of Playtika in a research note on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $7.78.

Hedge Funds Weigh In On Playtika

A number of large investors have recently bought and sold shares of the business. Acadian Asset Management LLC raised its holdings in Playtika by 366.2% in the 1st quarter. Acadian Asset Management LLC now owns 1,547,829 shares of the company’s stock worth $7,989,000 after purchasing an additional 1,215,843 shares during the period. Jane Street Group LLC raised its holdings in Playtika by 536.3% in the 1st quarter. Jane Street Group LLC now owns 1,354,552 shares of the company’s stock worth $7,003,000 after purchasing an additional 1,141,685 shares during the period. Fred Alger Management LLC acquired a new position in Playtika in the 1st quarter worth about $268,000. Petrus Trust Company LTA acquired a new position in Playtika in the 1st quarter worth about $363,000. Finally, New Vernon Capital Holdings II LLC acquired a new position in Playtika in the 1st quarter worth about $849,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

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.