Abner Herrman & Brock LLC raised its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 2.5% during the 2nd quarter, Holdings Channel reports. The firm owned 105,645 shares of the company’s stock after acquiring an additional 2,557 shares during the quarter. Abner Herrman & Brock LLC’s holdings in Activision Blizzard were worth $8,063,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Amundi Pioneer Asset Management Inc. bought a new position in shares of Activision Blizzard during the 4th quarter valued at $14,391,000. ETRADE Capital Management LLC lifted its holdings in shares of Activision Blizzard by 241.7% during the 4th quarter. ETRADE Capital Management LLC now owns 11,038 shares of the company’s stock valued at $699,000 after buying an additional 7,808 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Activision Blizzard by 33.7% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 203,337 shares of the company’s stock valued at $12,875,000 after buying an additional 51,300 shares during the period. Scotia Capital Inc. lifted its holdings in shares of Activision Blizzard by 17.7% during the 4th quarter. Scotia Capital Inc. now owns 8,999 shares of the company’s stock valued at $570,000 after buying an additional 1,356 shares during the period. Finally, MANA Advisors LLC bought a new position in shares of Activision Blizzard during the 4th quarter valued at $415,000. Institutional investors and hedge funds own 85.80% of the company’s stock.
Several equities analysts have recently weighed in on ATVI shares. TheStreet raised Activision Blizzard from a “c+” rating to a “b” rating in a report on Thursday, May 3rd. Bank of America lowered their price target on Activision Blizzard from $77.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, May 4th. KeyCorp set a $83.00 price target on Activision Blizzard and gave the company a “buy” rating in a report on Wednesday, April 4th. BidaskClub cut Activision Blizzard from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 17th. Finally, Wedbush set a $81.00 price target on Activision Blizzard and gave the company a “buy” rating in a report on Monday, April 30th. Six research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $76.10.
NASDAQ:ATVI traded up $0.90 on Friday, reaching $77.09. 104,638 shares of the company’s stock traded hands, compared to its average volume of 4,508,440. The company has a quick ratio of 2.18, a current ratio of 2.19 and a debt-to-equity ratio of 0.45. The stock has a market cap of $57.76 billion, a PE ratio of 37.44, a P/E/G ratio of 1.99 and a beta of 1.18. Activision Blizzard, Inc. has a 12 month low of $56.31 and a 12 month high of $79.63.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Activision Blizzard had a return on equity of 17.91% and a net margin of 4.78%. The business’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the firm earned $0.56 earnings per share. sell-side analysts anticipate that Activision Blizzard, Inc. will post 2.48 earnings per share for the current fiscal year.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $70.49, for a total transaction of $1,392,952.89. Following the sale, the chief executive officer now directly owns 27,361 shares of the company’s stock, valued at $1,928,676.89. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.29% of the stock is owned by company insiders.
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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