Playtika Holding Corp. (NASDAQ:PLTK – Get Rating) major shareholder On Chau sold 300,000 shares of Playtika stock in a transaction on Tuesday, April 11th. The shares were sold at an average price of $11.73, for a total transaction of $3,519,000.00. Following the completion of the sale, the insider now owns 80,810,506 shares in the company, valued at $947,907,235.38. The sale was disclosed in a legal filing with the SEC, which is accessible 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.
On Chau also recently made the following trade(s):
On Thursday, March 30th, On Chau sold 200,000 shares of Playtika stock. The stock was sold at an average price of $10.94, for a total transaction of $2,188,000.00.
On Wednesday, March 22nd, On Chau sold 500,000 shares of Playtika stock. The stock was sold at an average price of $10.49, for a total transaction of $5,245,000.00.
Playtika Stock Up 0.3 %
NASDAQ PLTK opened at $11.65 on Thursday. The firm has a market cap of $4.26 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.48 and a beta of 0.73. The company has a 50 day moving average price of $10.38 and a 200 day moving average price of $9.74. Playtika Holding Corp. has a 52 week low of $7.81 and a 52 week high of $20.31.
Playtika (NASDAQ:PLTK – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.08. The company had revenue of $631.20 million for the quarter, compared to the consensus estimate of $627.54 million. Playtika had a net margin of 10.53% and a negative return on equity of 101.86%. Playtika’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. On average, equities research analysts anticipate that Playtika Holding Corp. will post 0.79 earnings per share for the current fiscal year.
Institutional Trading of Playtika
Several large investors have recently bought and sold shares of the stock. Voya Investment Management LLC boosted its holdings in shares of Playtika by 0.7% in the 4th quarter. Voya Investment Management LLC now owns 490,347 shares of the company’s stock valued at $4,173,000 after acquiring an additional 3,329 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Playtika by 2.4% in the 4th quarter. Alliancebernstein L.P. now owns 95,263 shares of the company’s stock valued at $811,000 after acquiring an additional 2,265 shares during the last quarter. Regal Partners Ltd purchased a new stake in shares of Playtika in the 4th quarter valued at $1,895,000. State of Wyoming boosted its holdings in shares of Playtika by 53.9% in the 4th quarter. State of Wyoming now owns 17,279 shares of the company’s stock valued at $147,000 after acquiring an additional 6,048 shares during the last quarter. Finally, Chimera Capital Management LLC purchased a new stake in Playtika during the fourth quarter worth $452,000.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Robert W. Baird dropped their price target on shares of Playtika from $14.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, March 1st. Credit Suisse Group lifted their price target on shares of Playtika from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 1st. The Goldman Sachs Group started coverage on shares of Playtika in a report on Wednesday, March 29th. They set a “neutral” rating for the company. DA Davidson lowered shares of Playtika from a “buy” rating to a “neutral” rating and set a $11.00 price objective for the company. in a report on Friday, January 27th. Finally, Roth Capital reiterated a “neutral” rating on shares of Playtika in a report on Tuesday, February 28th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.65.
About Playtika
Playtika Holding Corp. develops mobile games in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company owns a portfolio of casual and casino-themed games. It distributes its games to the end customer through various web and mobile platforms, such as Apple, Facebook, Google, and other web and mobile platforms and its own proprietary platforms.