Opes Advisors Inc purchased a new stake in Activision Blizzard, Inc. (NASDAQ:ATVI) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 4,738 shares of the company’s stock, valued at approximately $300,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in ATVI. Cornerstone Advisors Inc. raised its holdings in shares of Activision Blizzard by 321.5% in the third quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after buying an additional 1,180 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Activision Blizzard in the fourth quarter valued at about $125,000. Goodman Financial Corp purchased a new stake in shares of Activision Blizzard in the fourth quarter valued at about $127,000. Grove Bank & Trust raised its holdings in shares of Activision Blizzard by 261.7% in the third quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock valued at $140,000 after buying an additional 1,570 shares during the last quarter. Finally, Exane Derivatives raised its holdings in shares of Activision Blizzard by 15,900.0% in the fourth quarter. Exane Derivatives now owns 3,040 shares of the company’s stock valued at $192,000 after buying an additional 3,021 shares during the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.
Activision Blizzard, Inc. (ATVI) opened at $70.84 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.46. Activision Blizzard, Inc. has a 1 year low of $44.60 and a 1 year high of $74.94. The firm has a market cap of $53,070.63, a PE ratio of 31.62, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.
Activision Blizzard (NASDAQ:ATVI) last issued its earnings results on Thursday, February 8th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.02. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the business posted $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 anticipate that Activision Blizzard, Inc. will post 2.57 EPS for the current fiscal year.
A number of equities research analysts have recently commented on the stock. Wedbush set a $81.00 target price on shares of Activision Blizzard and gave the company a “buy” rating in a report on Friday, February 9th. Zacks Investment Research cut shares of Activision Blizzard from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Robert W. Baird boosted their price target on shares of Activision Blizzard from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. TheStreet lowered shares of Activision Blizzard from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Finally, Barclays set a $70.00 price target on shares of Activision Blizzard and gave the stock a “hold” rating in a research note on Friday, February 9th. Six investment 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’s stock. Activision Blizzard currently has an average rating of “Buy” and an average price target of $73.08.
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Activision Blizzard 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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