Insider Selling: Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Sells 150,869 Shares of Stock

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) major shareholder Holding Uk Ltd Playtika II sold 150,869 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $4.77, for a total transaction of $719,645.13. Following the completion of the sale, the insider now directly owns 199,359,642 shares in the company, valued at $950,945,492.34. This represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% 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 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 stock was sold at an average price of $5.00, for a total transaction of $1,000,000.00.

Playtika Stock Performance

PLTK traded down $0.01 on Friday, reaching $4.74. The company had a trading volume of 867,738 shares, compared to its average volume of 1,180,845. The company's fifty day moving average is $4.99 and its 200 day moving average is $6.27. Playtika Holding Corp. has a fifty-two week low of $3.97 and a fifty-two week high of $9.07. The stock has a market cap of $1.78 billion, a P/E ratio of 8.17, a P/E/G ratio of 1.69 and a beta of 0.91.

Playtika (NASDAQ:PLTK - Get Free Report) last announced its 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). Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The business had revenue of $706.00 million for the quarter, compared to analyst estimates of $699.67 million. During the same quarter in the previous year, the company earned $0.14 EPS. The business's revenue for the quarter was up 8.4% on a year-over-year basis. On average, sell-side analysts expect that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 23rd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, June 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.44%. Playtika's payout ratio is presently 105.26%.

Analysts Set New Price Targets

Several equities research analysts have commented on PLTK shares. Morgan Stanley cut their price target on shares of Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Baird R W cut shares of Playtika from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Macquarie dropped their target price on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Friday, February 28th. Bank of America raised shares of Playtika from an "underperform" rating to a "buy" rating and upped their target price for the company from $6.00 to $6.50 in a report on Wednesday, March 26th. Finally, Robert W. Baird reaffirmed a "neutral" rating and issued a $6.00 target price (down from $9.00) on shares of Playtika in a report on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Playtika has a consensus rating of "Hold" and a consensus target price of $7.78.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP boosted its position in shares of Playtika by 117.1% during the 1st quarter. Allworth Financial LP now owns 4,996 shares of the company's stock worth $26,000 after acquiring an additional 2,695 shares in the last quarter. 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 worth $29,000 after acquiring an additional 1,534 shares in the last quarter. Quarry LP acquired a new stake in shares of Playtika during the 1st quarter worth approximately $29,000. US Bancorp DE boosted its position in shares of Playtika by 280.9% during the 1st quarter. US Bancorp DE now owns 6,707 shares of the company's stock worth $35,000 after acquiring an additional 4,946 shares in the last quarter. Finally, Brooklyn Investment Group boosted its position in shares of Playtika by 15,890.5% during the 1st quarter. Brooklyn Investment Group now owns 6,716 shares of the company's stock worth $35,000 after acquiring an additional 6,674 shares in the last quarter. Institutional investors and hedge funds 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.