Holding Uk Ltd Playtika II Sells 150,869 Shares of Playtika Holding Corp. (NASDAQ:PLTK) Stock

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) major shareholder Holding Uk Ltd Playtika II sold 150,869 shares of Playtika stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $4.77, for a total value of $719,645.13. Following the transaction, the insider now owns 199,359,642 shares in the company, valued at $950,945,492.34. This represents a 0.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% 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 Tuesday, May 27th, Holding Uk Ltd Playtika II sold 389,053 shares of Playtika stock. The stock was sold at an average price of $4.70, for a total transaction of $1,828,549.10.
• 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 transaction of $1,000,000.00.

Playtika Trading Up 1.3%

PLTK stock traded up $0.06 during trading on Tuesday, hitting $4.83. 1,104,218 shares of the stock traded hands, compared to its average volume of 1,181,354. Playtika Holding Corp. has a one year low of $3.97 and a one year high of $9.07. The company has a 50 day simple moving average of $4.98 and a 200 day simple moving average of $6.23. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 8.33, a P/E/G ratio of 1.69 and a beta of 0.91.

Playtika (NASDAQ:PLTK - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The business had revenue of $706.00 million during the quarter, compared to the consensus estimate of $699.67 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, analysts predict that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal year.

Playtika Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.28%. Playtika's payout ratio is currently 105.26%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PLTK shares. Morgan Stanley reduced their price objective on Playtika from $7.25 to $5.75 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Macquarie reduced their target price on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, February 28th. Wedbush reiterated an "outperform" rating and issued a $11.50 target price on shares of Playtika in a research note on Friday, May 2nd. Bank of America upgraded Playtika from an "underperform" rating to a "buy" rating and raised their price objective for the stock from $6.00 to $6.50 in a research report on Wednesday, March 26th. Finally, Baird R W downgraded Playtika from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Playtika currently has a consensus rating of "Hold" and a consensus target price of $7.78.

Institutional Investors Weigh In On Playtika

Institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd raised its position in shares of Playtika by 11.4% during the 4th quarter. Covestor Ltd now owns 14,103 shares of the company's stock valued at $98,000 after acquiring an additional 1,447 shares during the last quarter. Sterling Capital Management LLC increased its holdings in Playtika by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company's stock worth $29,000 after purchasing an additional 1,534 shares in the last quarter. Choreo LLC grew its holdings in shares of Playtika by 14.9% during the fourth quarter. Choreo LLC now owns 12,485 shares of the company's stock worth $90,000 after buying an additional 1,619 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Playtika by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company's stock worth $3,726,000 after acquiring an additional 1,639 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its position in Playtika by 2.0% in the first quarter. SummerHaven Investment Management LLC now owns 103,334 shares of the company's stock valued at $534,000 after purchasing an additional 2,006 shares in the last quarter. 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.