Raymond James Financial Services Advisors Inc. grew its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 3.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 104,932 shares of the company’s stock after purchasing an additional 3,062 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Activision Blizzard were worth $6,644,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Arizona State Retirement System grew its holdings in shares of Activision Blizzard by 3.8% in the 4th quarter. Arizona State Retirement System now owns 218,977 shares of the company’s stock worth $13,866,000 after acquiring an additional 8,065 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in shares of Activision Blizzard by 24.7% in the 4th quarter. Eagle Asset Management Inc. now owns 4,111 shares of the company’s stock worth $286,000 after acquiring an additional 813 shares during the last quarter. Chartwell Investment Partners LLC acquired a new position in shares of Activision Blizzard in the 4th quarter worth $2,685,000. Global X Management Co. LLC grew its holdings in shares of Activision Blizzard by 24.6% in the 4th quarter. Global X Management Co. LLC now owns 6,717 shares of the company’s stock worth $425,000 after acquiring an additional 1,325 shares during the last quarter. Finally, Signition LP acquired a new position in shares of Activision Blizzard in the 4th quarter worth $204,000. Institutional investors own 86.06% of the company’s stock.
A number of brokerages recently issued reports on ATVI. Jefferies Group lifted their target price on Activision Blizzard from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. TheStreet cut Activision Blizzard from a “b” rating to a “c+” rating in a report on Thursday, February 8th. Wedbush set a $81.00 target price on Activision Blizzard and gave the stock a “buy” rating in a report on Friday, February 9th. Vetr cut Activision Blizzard from a “hold” rating to a “sell” rating and set a $69.79 target price on the stock. in a report on Monday, January 29th. Finally, Barclays set a $70.00 target price on Activision Blizzard and gave the stock a “hold” rating in a report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Activision Blizzard currently has an average rating of “Buy” and an average target price of $73.25.
In related news, Director Brian G. Kelly sold 1,700,000 shares of Activision Blizzard stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $70.65, for a total transaction of $120,105,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.99, for a total value of $1,402,833.39. Following the sale, the chief executive officer now directly owns 34,398 shares of the company’s stock, valued at approximately $2,441,914.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,487,761 shares of company stock valued at $175,937,273. Insiders own 2.12% of the company’s stock.
Shares of Activision Blizzard, Inc. (ATVI) opened at $72.07 on Friday. The stock has a market capitalization of $56,520.00, a price-to-earnings ratio of 205.91, a P/E/G ratio of 1.85 and a beta of 1.11. Activision Blizzard, Inc. has a 12-month low of $44.84 and a 12-month high of $74.94. 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 (NASDAQ:ATVI) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. equities analysts forecast that Activision Blizzard, Inc. will post 2.57 EPS for the current year.
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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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