Metropolitan Life Insurance Co. NY decreased its position in Activision Blizzard (NASDAQ:ATVI) by 61.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 reporting period.
A number of other institutional investors have also recently bought and sold shares of the business. Macquarie Group Ltd. boosted its stake in shares of Activision Blizzard by 5.8% during the fourth quarter. Macquarie Group Ltd. now owns 13,644 shares of the company’s stock valued at $865,000 after acquiring an additional 744 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in Activision Blizzard by 13.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 6,437 shares of the company’s stock worth $408,000 after buying an additional 769 shares during the period. CI Global Investments Inc. lifted its position in Activision Blizzard by 1.1% during the fourth quarter. CI Global Investments Inc. now owns 69,123 shares of the company’s stock worth $4,377,000 after buying an additional 780 shares during the period. Jackson Wealth Management LLC lifted its position in Activision Blizzard by 6.6% during the fourth quarter. Jackson Wealth Management LLC now owns 12,744 shares of the company’s stock worth $844,000 after buying an additional 788 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in Activision Blizzard by 20.8% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,640 shares of the company’s stock worth $299,000 after buying an additional 800 shares during the period. 85.57% of the stock is currently owned by institutional investors.
Activision Blizzard stock opened at $64.56 on Monday. 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 has a 12 month low of $48.41 and a 12 month high of $79.63. The stock has a market capitalization of $48,977.28, a PE ratio of 31.49, a PEG ratio of 1.75 and a beta of 1.16.
Activision Blizzard (NASDAQ:ATVI) last posted its earnings results 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. 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 during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. equities analysts forecast that Activision Blizzard will post 2.52 earnings per share for the current fiscal year.
In other news, insider Dennis M. Durkin sold 21,488 shares of the stock in a transaction dated 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 sale, the insider now owns 151,314 shares in the company, valued at $11,678,414.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephen G. Wereb sold 120,521 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $72.38, for a total value of $8,723,309.98. Following the completion of the sale, the insider now owns 48,511 shares of the company’s stock, valued at approximately $3,511,226.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,701,258 shares of company stock valued at $191,727,094. Insiders own 2.12% of the company’s stock.
ATVI has been the topic of several recent analyst reports. Vetr downgraded Activision Blizzard from a “hold” rating to a “sell” rating and set a $62.29 target price on the stock. in a research report on Tuesday, December 12th. SunTrust Banks set a $77.00 target price on Activision Blizzard and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Goldman Sachs upgraded Activision Blizzard from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Tuesday, January 2nd. Finally, Argus increased their target price on Activision Blizzard from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Six equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. 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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