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

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) major shareholder Holding Uk Ltd Playtika II sold 389,053 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 199,510,511 shares in the company, valued at approximately $937,699,401.70. This represents a 0.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company's stock 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 stock was sold at an average price of $4.77, for a total transaction 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 transaction of $1,000,000.00.

Playtika Trading Down 0.2%

Playtika stock traded down $0.01 during trading on Friday, hitting $4.74. 867,738 shares of the company were exchanged, compared to its average volume of 1,180,845. The company has a market capitalization of $1.78 billion, a P/E ratio of 8.17, a PEG ratio of 1.69 and a beta of 0.91. Playtika Holding Corp. has a 52 week low of $3.97 and a 52 week high of $9.07. The business's 50 day moving average is $4.99 and its 200 day moving average is $6.27.

Playtika (NASDAQ:PLTK - Get Free Report) last posted its quarterly 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 company had revenue of $706.00 million for the quarter, compared to the consensus estimate of $699.67 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. Playtika's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. Equities analysts expect that Playtika Holding Corp. will post 0.65 EPS for the current year.

Playtika Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on PLTK. Citigroup lowered their price objective on shares of Playtika from $10.00 to $9.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Morgan Stanley lowered their price target on shares of Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Bank of America upgraded 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 research report on Wednesday, March 26th. Baird R W cut Playtika from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Macquarie decreased their price target 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. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $7.78.

Institutional Investors Weigh In On Playtika

A number of institutional investors and hedge funds have recently bought and sold shares of PLTK. Allworth Financial LP raised its stake in shares of Playtika by 117.1% during the first 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 raised its stake in shares of Playtika by 57.2% during the fourth 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 purchased a new position in shares of Playtika during the first quarter worth approximately $29,000. US Bancorp DE raised its stake in shares of Playtika by 280.9% during the first 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 raised its stake in shares of Playtika by 15,890.5% during the first 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. 11.94% of the stock is owned by hedge funds and other institutional investors.

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.