Millennium Management LLC Sells 155,527 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Millennium Management LLC reduced its position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 539,979 shares of the company's stock after selling 155,527 shares during the period. Millennium Management LLC owned approximately 0.14% of Playtika worth $3,747,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sterling Capital Management LLC boosted its position in shares of Playtika by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company's stock valued at $29,000 after purchasing an additional 1,534 shares in the last quarter. R Squared Ltd bought a new stake in shares of Playtika in the 4th quarter worth approximately $57,000. Crestline Management LP acquired a new stake in Playtika during the fourth quarter valued at approximately $71,000. Aster Capital Management DIFC Ltd boosted its holdings in Playtika by 7,917.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 11,305 shares of the company's stock worth $78,000 after buying an additional 11,164 shares in the last quarter. Finally, Entropy Technologies LP acquired a new position in Playtika in the fourth quarter worth approximately $84,000. 11.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PLTK shares. Wedbush reiterated an "outperform" rating and set a $11.50 price objective on shares of Playtika in a research report on Friday, May 2nd. Robert W. Baird reaffirmed a "neutral" rating and set a $6.00 target price (down from $9.00) on shares of Playtika in a research report on Friday, February 28th. Baird R W lowered Playtika from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. 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, Citigroup cut their price objective on Playtika from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $7.78.

Insider Buying and Selling at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 389,053 shares of Playtika stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $4.70, for a total transaction of $1,828,549.10. Following the completion of the sale, the insider now owns 199,510,511 shares of the company's stock, valued at approximately $937,699,401.70. This trade represents a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 739,922 shares of company stock worth $3,548,194. 5.10% of the stock is currently owned by company insiders.

Playtika Stock Performance

Shares of PLTK stock traded up $0.03 on Wednesday, reaching $4.86. 938,250 shares of the company's stock traded hands, compared to its average volume of 1,181,678. The company has a market capitalization of $1.82 billion, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 1.69 and a beta of 0.85. Playtika Holding Corp. has a 12-month low of $3.97 and a 12-month high of $9.07. The business's 50 day moving average price is $4.97 and its two-hundred day moving average price is $6.21.

Playtika (NASDAQ:PLTK - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate 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 net margin of 8.52% and a negative return on equity of 144.73%. The company's revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. Research analysts predict that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 23rd will be paid a $0.10 dividend. The ex-dividend date is Monday, June 23rd. This represents a $0.40 annualized dividend and a yield of 8.23%. Playtika's dividend payout ratio is presently 105.26%.

Playtika 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.