Playtika Holding Corp. (NASDAQ:PLTK) Major Shareholder Sells $1,000,000.00 in Stock

Playtika Holding Corp. (NASDAQ:PLTK) major shareholder Holding Uk Ltd Playtika II sold 200,000 shares of Playtika stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $5.00, for a total value of $1,000,000.00. Following the completion of the sale, the insider now owns 200,347,048 shares of the company’s stock, valued at $1,001,735,240. This trade represents a 0.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Playtika Stock Performance

Shares of PLTK stock opened at $5.00 on Friday. Playtika Holding Corp. has a 1 year low of $3.97 and a 1 year high of $9.16. The stock has a fifty day moving average of $4.96 and a two-hundred day moving average of $6.51. The firm has a market capitalization of $1.88 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91.

Playtika (NASDAQ:PLTK) last announced its earnings results on Thursday, May 8th. The company reported $0.09 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 company had revenue of $706.00 million for the quarter, compared to analysts’ expectations of $699.67 million. During the same period in the prior year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Equities research 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. Shareholders of record on Monday, June 23rd will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.00%. The ex-dividend date of this dividend is Monday, June 23rd. Playtika’s payout ratio is currently 105.26%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley reduced their price objective on Playtika from $7.25 to $5.75 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. Wedbush reaffirmed an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research note on Friday, May 2nd. Robert W. Baird reaffirmed a “neutral” rating and issued a $6.00 price objective (down from $9.00) on shares of Playtika in a research note on Friday, February 28th. Citigroup reduced their price objective on Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Bank of America raised Playtika from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $6.00 to $6.50 in a research note on Wednesday, March 26th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7.78.

Institutional Trading of Playtika

Several large investors have recently made changes to their positions in PLTK. Allworth Financial LP boosted its stake 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 grew its holdings in Playtika by 57.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock valued at $29,000 after buying an additional 1,534 shares during the last quarter. Quarry LP acquired a new stake in Playtika in the 1st quarter valued at approximately $29,000. US Bancorp DE grew its holdings in Playtika by 280.9% in the 1st quarter. US Bancorp DE now owns 6,707 shares of the company’s stock valued at $35,000 after buying an additional 4,946 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in Playtika by 15,890.5% in the 1st quarter. Brooklyn Investment Group now owns 6,716 shares of the company’s stock valued at $35,000 after buying an additional 6,674 shares during the last quarter. Institutional investors own 11.94% of the company’s stock.

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.