Playtika (NASDAQ:PLTK) Stock Price Down 3.4% - Should You Sell?

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report)'s stock price fell 3.4% on Friday . The company traded as low as $7.93 and last traded at $7.94. 58,239 shares were traded during trading, a decline of 93% from the average session volume of 843,636 shares. The stock had previously closed at $8.22.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PLTK shares. Wedbush reiterated an "outperform" rating and issued a $11.50 price target on shares of Playtika in a report on Thursday, September 19th. Roth Mkm lifted their target price on Playtika from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Finally, Macquarie restated a "neutral" rating and set a $7.00 price target on shares of Playtika in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $9.00.

Playtika Stock Down 7.2 %

The stock has a 50 day simple moving average of $8.09 and a 200 day simple moving average of $7.86. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 2.13 and a beta of 0.88.

Playtika (NASDAQ:PLTK - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The company had revenue of $620.80 million for the quarter, compared to analyst estimates of $622.46 million. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The business's revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share. As a group, equities research analysts expect that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend is Friday, December 20th. Playtika's payout ratio is 68.97%.

Insiders Place Their Bets

In other news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $8.69, for a total transaction of $845,241.54. Following the completion of the transaction, the insider now directly owns 202,968,069 shares in the company, valued at approximately $1,763,792,519.61. This represents a 0.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 386,463 shares of company stock worth $3,285,905 in the last quarter. 4.80% of the stock is owned by corporate insiders.

Institutional Trading of Playtika

Institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in Playtika by 66.6% during the 2nd quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company's stock worth $61,672,000 after acquiring an additional 3,132,272 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Playtika by 19.7% during the second quarter. Pacer Advisors Inc. now owns 9,420,312 shares of the company's stock worth $74,138,000 after purchasing an additional 1,552,606 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Playtika by 13.9% in the third quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company's stock worth $21,267,000 after purchasing an additional 326,890 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Playtika in the third quarter valued at about $1,473,000. Finally, State Street Corp raised its stake in Playtika by 12.9% during the third quarter. State Street Corp now owns 1,317,709 shares of the company's stock valued at $10,564,000 after buying an additional 150,878 shares in the last quarter. 11.94% of the stock is owned by institutional investors and hedge funds.

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.