Charles Schwab Investment Management Inc. Sells 77,216 Shares of Playtika Holding Corp. (NASDAQ:PLTK)

Charles Schwab Investment Management Inc. reduced its holdings in Playtika Holding Corp. (NASDAQ:PLTK) by 19.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 329,730 shares of the company’s stock after selling 77,216 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.09% of Playtika worth $2,611,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Playtika during the 2nd quarter valued at about $31,000. Acadian Asset Management LLC purchased a new position in shares of Playtika during the 2nd quarter valued at about $43,000. Headlands Technologies LLC raised its holdings in shares of Playtika by 648.8% during the 2nd quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock valued at $53,000 after buying an additional 5,794 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Playtika during the 3rd quarter valued at about $62,000. Finally, KBC Group NV raised its holdings in shares of Playtika by 19.3% during the 3rd quarter. KBC Group NV now owns 7,820 shares of the company’s stock valued at $62,000 after buying an additional 1,266 shares in the last quarter. 11.94% of the stock is currently owned by institutional investors.

Insider Activity at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 73,321 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $8.55, for a total transaction of $626,894.55. Following the sale, the insider now directly owns 203,065,335 shares in the company, valued at $1,736,208,614.25. This represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders sold 386,463 shares of company stock valued at $3,285,905. Insiders own 4.80% of the company’s stock.

Playtika Stock Down 7.2 %

NASDAQ PLTK opened at $7.63 on Monday. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88. The business has a 50-day moving average price of $8.09 and a 200-day moving average price of $7.86. Playtika Holding Corp. has a twelve month low of $6.25 and a twelve month high of $9.23.

Playtika (NASDAQ:PLTK) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The business had revenue of $620.80 million during the quarter, compared to the consensus estimate of $622.46 million. During the same period last year, the company earned $0.19 EPS. The business’s revenue was down 1.5% on a year-over-year basis. 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 paid 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 is Friday, December 20th. Playtika’s payout ratio is presently 68.97%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PLTK. Roth Mkm lifted their price target on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Wedbush reiterated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research report on Thursday, September 19th. Finally, Macquarie reiterated a “neutral” rating and issued a $7.00 price objective on shares of Playtika in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.00.

Playtika 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.