Holding Uk Ltd Playtika II Sells 389,053 Shares of Playtika Holding Corp. (NASDAQ:PLTK) Stock

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) major shareholder Holding Uk Ltd Playtika II sold 389,053 shares of Playtika stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $4.70, for a total value of $1,828,549.10. Following the completion of the transaction, the insider now owns 199,510,511 shares in the company, valued at $937,699,401.70. This trade represents a 0.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 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 value of $719,645.13.
• 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 value of $1,000,000.00.

Playtika Stock Performance

Shares of PLTK traded up $0.06 during trading hours on Tuesday, hitting $4.83. 1,104,218 shares of the stock were exchanged, compared to its average volume of 1,181,354. Playtika Holding Corp. has a 12-month low of $3.97 and a 12-month high of $9.07. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 8.33, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91. The stock's 50-day moving average price is $4.98 and its two-hundred day moving average price is $6.23.

Playtika (NASDAQ:PLTK - Get Free Report) last issued its earnings results 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). The company had revenue of $706.00 million during 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 firm's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 earnings per share. On average, research analysts expect that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The firm 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date is Monday, June 23rd. Playtika's dividend payout ratio is presently 105.26%.

Hedge Funds Weigh In On Playtika

A number of hedge funds have recently modified their holdings of PLTK. Acadian Asset Management LLC lifted its stake in Playtika by 366.2% during the 1st quarter. Acadian Asset Management LLC now owns 1,547,829 shares of the company's stock worth $7,989,000 after acquiring an additional 1,215,843 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Playtika by 536.3% in the 1st quarter. Jane Street Group LLC now owns 1,354,552 shares of the company's stock valued at $7,003,000 after purchasing an additional 1,141,685 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Playtika by 61.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,923,616 shares of the company's stock valued at $20,290,000 after buying an additional 1,109,594 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Playtika by 23,814.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company's stock worth $4,592,000 after purchasing an additional 663,700 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Playtika by 143.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 719,263 shares of the company's stock worth $3,719,000 after acquiring an additional 423,738 shares during the last quarter. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PLTK has been the subject of a number of research reports. Citigroup decreased their target price on Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a report on Friday, March 7th. Baird R W downgraded Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Robert W. Baird reissued a "neutral" rating and issued a $6.00 price target (down from $9.00) on shares of Playtika in a report on Friday, February 28th. Macquarie decreased their price target on Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Friday, February 28th. Finally, Bank of America raised Playtika from an "underperform" rating to a "buy" rating and boosted their price target for the company from $6.00 to $6.50 in a report on Wednesday, March 26th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $7.78.

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.