Macquarie Group Ltd. increased its stake in Activision Blizzard (NASDAQ:ATVI) by 5.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,644 shares of the company’s stock after acquiring an additional 744 shares during the quarter. Macquarie Group Ltd.’s holdings in Activision Blizzard were worth $865,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. SeaCrest Wealth Management LLC bought a new stake in shares of Activision Blizzard in the fourth quarter worth $125,000. Goodman Financial Corp bought a new stake in shares of Activision Blizzard in the fourth quarter worth $127,000. James Hambro & Partners bought a new stake in shares of Activision Blizzard in the fourth quarter worth $184,000. Exane Derivatives increased its stake 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 worth $192,000 after buying an additional 3,021 shares during the last quarter. Finally, Delpha Capital Management LLC bought a new stake in shares of Activision Blizzard in the fourth quarter worth $202,000. Institutional investors and hedge funds own 85.57% of the company’s stock.
In related news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $70.99, for a total transaction of $1,402,833.39. Following the sale, the chief executive officer now directly owns 34,398 shares in the company, valued at $2,441,914.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brian G. Kelly sold 1,700,000 shares of Activision Blizzard stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $70.65, for a total transaction of $120,105,000.00. Following the sale, the director now owns 69,474 shares in the company, valued at $4,908,338.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,701,258 shares of company stock worth $191,727,094. Company insiders own 2.12% of the company’s stock.
Shares of ATVI opened at $64.56 on Friday. Activision Blizzard has a 1 year low of $48.41 and a 1 year high of $79.63. The firm has a market cap of $50,471.76, a PE ratio of 31.49, a PEG ratio of 1.81 and a beta of 1.16. 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 announced its quarterly earnings results on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. analysts anticipate that Activision Blizzard will post 2.52 earnings per share for the current year.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Activision Blizzard from a “buy” rating to a “hold” rating in a report on Friday. KeyCorp set a $83.00 price objective on shares of Activision Blizzard and gave the stock a “buy” rating in a report on Wednesday. BidaskClub downgraded shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 17th. Vetr raised shares of Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $83.78 price objective for the company in a report on Thursday, March 15th. Finally, Citigroup reaffirmed a “positive” rating and issued a $87.00 price objective (up previously from $78.00) on shares of Activision Blizzard in a report on Monday, March 12th. Six research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Activision Blizzard presently has an average rating of “Buy” and a consensus price target of $75.03.
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Activision Blizzard Profile
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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