Strs Ohio increased its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,612,250 shares of the company’s stock after purchasing an additional 16,856 shares during the period. Strs Ohio owned 0.21% of Activision Blizzard worth $102,087,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Activision Blizzard by 12.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 83,248 shares of the company’s stock worth $4,792,000 after acquiring an additional 9,329 shares during the last quarter. Thrivent Financial For Lutherans increased its position in shares of Activision Blizzard by 3.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 26,555 shares of the company’s stock valued at $1,529,000 after purchasing an additional 805 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Activision Blizzard by 0.7% during the 2nd quarter. D.A. Davidson & CO. now owns 8,926 shares of the company’s stock valued at $513,000 after purchasing an additional 58 shares during the last quarter. TIAA FSB bought a new position in shares of Activision Blizzard during the 2nd quarter valued at approximately $592,000. Finally, Quantbot Technologies LP bought a new position in shares of Activision Blizzard during the 2nd quarter valued at approximately $571,000. 85.61% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on ATVI shares. Vetr downgraded Activision Blizzard from a “buy” rating to a “hold” rating and set a $59.97 target price on the stock. in a research report on Monday, October 23rd. Wedbush set a $75.00 price objective on Activision Blizzard and gave the company a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective for the company in a report on Friday, October 27th. SunTrust Banks set a $72.00 target price on Activision Blizzard and gave the stock a “buy” rating in a report on Sunday, October 29th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $62.00 target price on shares of Activision Blizzard in a report on Thursday, November 2nd. Six equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $71.95.
In other news, CEO of King Digital Entertainment Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction on Friday, November 17th. The stock was sold at an average price of $63.64, for a total value of $1,257,590.04. Following the completion of the sale, the insider now directly owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.12% of the stock is owned by company insiders.
Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $69.65 on Thursday. The firm has a market capitalization of $52,660.00, a P/E ratio of 199.00, a PEG ratio of 1.73 and a beta of 1.11. Activision Blizzard, Inc. has a 1 year low of $44.47 and a 1 year high of $74.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.77.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.92 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. sell-side analysts expect that Activision Blizzard, Inc. will post 2.71 EPS for the current year.
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Activision Blizzard Company Profile
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
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