Norinchukin Bank The grew its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,452 shares of the company’s stock after buying an additional 4,262 shares during the period. Norinchukin Bank The’s holdings in Activision Blizzard were worth $3,828,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its position in Activision Blizzard by 94.4% during the third quarter. Oppenheimer & Co. Inc. now owns 66,349 shares of the company’s stock worth $4,280,000 after buying an additional 32,224 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in Activision Blizzard by 3.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 1,005,178 shares of the company’s stock worth $64,844,000 after buying an additional 34,070 shares in the last quarter. Highstreet Asset Management Inc. increased its position in Activision Blizzard by 23.6% during the third quarter. Highstreet Asset Management Inc. now owns 11,282 shares of the company’s stock worth $728,000 after buying an additional 2,151 shares in the last quarter. Carmignac Gestion increased its position in Activision Blizzard by 0.5% during the third quarter. Carmignac Gestion now owns 5,920,188 shares of the company’s stock worth $381,911,000 after buying an additional 26,761 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its position in Activision Blizzard by 8.4% during the third quarter. State of Wisconsin Investment Board now owns 1,045,155 shares of the company’s stock worth $67,423,000 after buying an additional 81,245 shares in the last quarter. 86.06% of the stock is owned by institutional investors.
Several equities analysts have weighed in on ATVI shares. Wedbush set a $75.00 price target on Activision Blizzard and gave the stock a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a research report on Friday, October 27th. UBS Group lifted their price objective on Activision Blizzard from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Vetr downgraded Activision Blizzard from a “hold” rating to a “sell” rating and set a $59.97 price objective for the company. in a research report on Monday, October 30th. Finally, BidaskClub raised Activision Blizzard from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Six analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $73.08.
Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $70.19 on Tuesday. Activision Blizzard, Inc. has a fifty-two week low of $44.60 and a fifty-two week high of $74.94. The firm has a market capitalization of $53,070.63, a price-to-earnings ratio of 194.97, a P/E/G ratio of 1.87 and a beta of 1.11. 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 issued its earnings results on Thursday, February 8th. The company reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.02. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the firm earned $0.65 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities analysts forecast that Activision Blizzard, Inc. will post 2.57 EPS for the current fiscal year.
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About Activision Blizzard
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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