USS Investment Management Ltd boosted its position in shares of Activision (NASDAQ:ATVI) by 4.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,592,851 shares of the company’s stock after purchasing an additional 117,963 shares during the period. Activision accounts for 1.9% of USS Investment Management Ltd’s investment portfolio, making the stock its 21st biggest holding. USS Investment Management Ltd’s holdings in Activision were worth $172,010,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC purchased a new position in Activision during the 1st quarter worth approximately $114,000. SeaCrest Wealth Management LLC purchased a new position in Activision during the 4th quarter worth approximately $125,000. Goodman Financial Corp purchased a new position in Activision during the 4th quarter worth approximately $127,000. AdvisorNet Financial Inc grew its position in Activision by 343.1% during the 1st quarter. AdvisorNet Financial Inc now owns 2,583 shares of the company’s stock worth $174,000 after purchasing an additional 2,000 shares in the last quarter. Finally, James Hambro & Partners purchased a new position in Activision during the 4th quarter worth approximately $184,000. Hedge funds and other institutional investors own 85.92% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Activision from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. Wedbush set a $81.00 target price on shares of Activision and gave the company a “buy” rating in a research note on Sunday, May 6th. TheStreet raised shares of Activision from a “c+” rating to a “b” rating in a research note on Thursday, May 3rd. Bank of America decreased their target price on shares of Activision from $77.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, May 4th. Finally, Credit Suisse Group lifted their target price on shares of Activision from $84.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, May 4th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $75.41.
ATVI stock opened at $73.23 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.19 and a quick ratio of 2.18. Activision has a 1 year low of $55.41 and a 1 year high of $79.63. The firm has a market capitalization of $54.80 billion, a P/E ratio of 35.72, a price-to-earnings-growth ratio of 1.95 and a beta of 1.17.
Activision (NASDAQ:ATVI) last released its quarterly earnings data on Thursday, May 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.32 billion. Activision had a net margin of 4.78% and a return on equity of 17.91%. Activision’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 EPS. equities analysts forecast that Activision will post 2.5 earnings per share for the current year.
In other Activision news, insider Stephen G. Wereb sold 120,521 shares of the business’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $72.38, for a total transaction of $8,723,309.98. Following the completion of the transaction, the insider now owns 48,511 shares of the company’s stock, valued at approximately $3,511,226.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dennis M. Durkin sold 21,488 shares of the business’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $77.18, for a total transaction of $1,658,443.84. Following the transaction, the insider now directly owns 151,314 shares of the company’s stock, valued at approximately $11,678,414.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,633,019 shares of company stock valued at $186,970,607. Company insiders own 2.12% of the company’s stock.
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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