Metropolitan Life Insurance Co. NY decreased its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 61.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 148,485 shares of the company’s stock after selling 240,862 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Activision Blizzard were worth $9,402,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of ATVI. BlackRock Inc. grew its holdings in shares of Activision Blizzard by 5.8% during the 4th quarter. BlackRock Inc. now owns 54,967,203 shares of the company’s stock worth $3,480,525,000 after acquiring an additional 2,992,193 shares during the period. Schwab Charles Investment Management Inc. purchased a new position in shares of Activision Blizzard during the 4th quarter worth approximately $169,547,000. Egerton Capital UK LLP grew its holdings in shares of Activision Blizzard by 22.0% during the 4th quarter. Egerton Capital UK LLP now owns 11,051,017 shares of the company’s stock worth $699,750,000 after acquiring an additional 1,991,213 shares during the period. Prudential Financial Inc. grew its holdings in shares of Activision Blizzard by 108.6% during the 3rd quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock worth $205,444,000 after acquiring an additional 1,657,730 shares during the period. Finally, Schroder Investment Management Group grew its holdings in shares of Activision Blizzard by 109.5% during the 4th quarter. Schroder Investment Management Group now owns 2,659,241 shares of the company’s stock worth $168,383,000 after acquiring an additional 1,390,105 shares during the period. Hedge funds and other institutional investors own 85.61% of the company’s stock.
A number of research analysts have weighed in on the company. BidaskClub downgraded Activision Blizzard from a “strong-buy” rating to a “buy” rating in a report on Saturday. TheStreet downgraded Activision Blizzard from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Wedbush set a $81.00 price target on Activision Blizzard and gave the stock a “buy” rating in a research note on Friday, February 9th. Jefferies Group restated a “buy” rating on shares of Activision Blizzard in a research note on Friday, February 9th. Finally, Barclays set a $70.00 price target on Activision Blizzard and gave the stock a “hold” rating in a research note on Friday, February 9th. Five research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Activision Blizzard has an average rating of “Buy” and a consensus target price of $75.03.
Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $71.68 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.77 and a current ratio of 1.78. Activision Blizzard, Inc. has a 52 week low of $47.80 and a 52 week high of $79.63. The company has a market capitalization of $55,668.39, a price-to-earnings ratio of 199.11, a price-to-earnings-growth ratio of 1.95 and a beta of 1.10.
Activision Blizzard (NASDAQ:ATVI) last issued its 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. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the business posted $0.65 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. equities research analysts anticipate that Activision Blizzard, Inc. will post 2.57 earnings per share for the current year.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $70.99, for a total transaction of $1,402,833.39. Following the transaction, the chief executive officer now directly owns 34,398 shares of the company’s stock, valued at approximately $2,441,914.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dennis M. Durkin sold 71,488 shares of the stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $75.65, for a total value of $5,408,067.20. Following the transaction, the insider now directly owns 151,314 shares in the company, valued at $11,446,904.10. The disclosure for this sale can be found here. Insiders have sold a total of 2,701,258 shares of company stock worth $191,727,094 over the last three months. Insiders own 2.12% of the company’s stock.
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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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