Ellington Management Group LLC increased its stake in Activision Blizzard (NASDAQ:ATVI) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,600 shares of the company’s stock after buying an additional 800 shares during the quarter. Ellington Management Group LLC’s holdings in Activision Blizzard were worth $355,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its holdings in shares of Activision Blizzard by 94.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 66,349 shares of the company’s stock valued at $4,280,000 after buying an additional 32,224 shares during the last quarter. Carmignac Gestion boosted its holdings in shares of Activision Blizzard by 0.5% in the 3rd quarter. Carmignac Gestion now owns 5,920,188 shares of the company’s stock valued at $381,911,000 after buying an additional 26,761 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Activision Blizzard by 13.7% in the 3rd quarter. Pacer Advisors Inc. now owns 28,080 shares of the company’s stock valued at $1,811,000 after buying an additional 3,391 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of Activision Blizzard in the 4th quarter valued at approximately $1,171,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Activision Blizzard in the 4th quarter valued at approximately $731,000. 85.57% of the stock is owned by institutional investors.
ATVI has been the subject of several recent analyst reports. Goldman Sachs raised Activision Blizzard from a “neutral” rating to a “buy” rating in a report on Tuesday, December 12th. Vetr cut Activision Blizzard from a “hold” rating to a “sell” rating and set a $62.29 price target on the stock. in a research note on Tuesday, December 12th. BTIG Research initiated coverage on Activision Blizzard in a research note on Monday, December 18th. They issued a “buy” rating and a $80.00 price target on the stock. BidaskClub upgraded Activision Blizzard from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Finally, Zacks Investment Research cut Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Six analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $75.03.
Shares of NASDAQ ATVI traded down $1.97 during mid-day trading on Friday, reaching $64.56. The company had a trading volume of 4,599,116 shares, compared to its average volume of 7,129,307. 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 has a one year low of $48.41 and a one year high of $79.63. The stock has a market capitalization of $48,977.28, a P/E ratio of 31.49, a PEG ratio of 1.75 and a beta of 1.16.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.94 EPS for the quarter, topping 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 company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the business earned $0.65 earnings per share. Activision Blizzard’s revenue was up 7.7% on a year-over-year basis. equities research analysts forecast that Activision Blizzard will post 2.52 earnings per share for the current year.
In related news, Director Robert J. Corti sold 88,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $69.88, for a total value of $6,149,440.00. Following the transaction, the director now owns 129,562 shares in the company, valued at $9,053,792.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dennis M. Durkin sold 21,488 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $77.18, for a total value of $1,658,443.84. Following the completion of the transaction, the insider now owns 151,314 shares in the company, valued at approximately $11,678,414.52. The disclosure for this sale can be found here. Insiders sold 2,701,258 shares of company stock worth $191,727,094 in the last 90 days. 2.12% of the stock is owned by company insiders.
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About Activision Blizzard
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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