Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Sells $1,000,000.00 in Stock

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 200,000 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $5.00, for a total value of $1,000,000.00. Following the completion of the transaction, the insider now directly owns 200,347,048 shares in the company, valued at $1,001,735,240. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Playtika Trading Down 0.4%

NASDAQ:PLTK opened at $5.00 on Monday. The firm has a market cap of $1.88 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91. The stock has a fifty day moving average price of $4.96 and a 200 day moving average price of $6.50. Playtika Holding Corp. has a 12-month low of $3.97 and a 12-month high of $9.16.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $706.00 million for the quarter, compared to analysts’ expectations of $699.67 million. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share. Equities analysts forecast that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 23rd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.00%. The ex-dividend date is Monday, June 23rd. Playtika’s dividend payout ratio (DPR) is presently 105.26%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Morgan Stanley dropped their target price on Playtika from $7.25 to $5.75 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Robert W. Baird reaffirmed a “neutral” rating and set a $6.00 target price (down from $9.00) on shares of Playtika in a report on Friday, February 28th. Wedbush reaffirmed an “outperform” rating and set a $11.50 target price on shares of Playtika in a report on Friday, May 2nd. Bank of America raised Playtika from an “underperform” rating to a “buy” rating and raised their target price for the stock from $6.00 to $6.50 in a report on Wednesday, March 26th. Finally, Macquarie dropped their target price on Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, February 28th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.78.

Hedge Funds Weigh In On Playtika

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its holdings in Playtika by 43.4% during the fourth quarter. Russell Investments Group Ltd. now owns 260,040 shares of the company’s stock worth $1,812,000 after acquiring an additional 78,716 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Playtika by 23,814.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company’s stock valued at $4,592,000 after purchasing an additional 663,700 shares during the last quarter. Sei Investments Co. grew its holdings in Playtika by 341.2% in the fourth quarter. Sei Investments Co. now owns 76,403 shares of the company’s stock valued at $530,000 after purchasing an additional 59,084 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Playtika by 102.7% in the third quarter. JPMorgan Chase & Co. now owns 80,150 shares of the company’s stock valued at $635,000 after purchasing an additional 40,604 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Playtika by 76.2% in the fourth quarter. SG Americas Securities LLC now owns 175,008 shares of the company’s stock valued at $1,215,000 after purchasing an additional 75,702 shares during the last quarter. 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.