Wedbush Securities Inc. grew its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 22.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 17,195 shares of the company’s stock after acquiring an additional 3,162 shares during the period. Wedbush Securities Inc.’s holdings in Activision Blizzard were worth $1,430,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Highbridge Capital Management LLC grew its holdings in Activision Blizzard by 294.8% during the 3rd quarter. Highbridge Capital Management LLC now owns 60,000 shares of the company’s stock worth $4,991,000 after acquiring an additional 90,800 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in Activision Blizzard by 10.2% during the 3rd quarter. Riverhead Capital Management LLC now owns 12,599 shares of the company’s stock worth $1,048,000 after acquiring an additional 1,168 shares during the last quarter. University of Notre Dame DU Lac bought a new stake in Activision Blizzard during the 3rd quarter worth about $10,618,000. People s United Financial Inc. grew its holdings in Activision Blizzard by 13.7% during the 3rd quarter. People s United Financial Inc. now owns 36,426 shares of the company’s stock worth $3,030,000 after acquiring an additional 4,387 shares during the last quarter. Finally, Lee Capital Holdings LLC grew its holdings in Activision Blizzard by 10.0% during the 3rd quarter. Lee Capital Holdings LLC now owns 11,000 shares of the company’s stock worth $915,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.
A number of brokerages have commented on ATVI. JPMorgan Chase & Co. raised shares of Activision Blizzard from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $72.00 to $66.00 in a report on Thursday. Barclays raised shares of Activision Blizzard from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $79.00 to $86.00 in a research note on Monday, October 15th. BidaskClub raised shares of Activision Blizzard from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. ValuEngine lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. Finally, Gabelli initiated coverage on shares of Activision Blizzard in a research note on Tuesday. They issued a “buy” rating and a $64.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $75.38.
Activision Blizzard stock opened at $47.01 on Thursday. Activision Blizzard, Inc. has a fifty-two week low of $46.34 and a fifty-two week high of $84.68. The company has a market cap of $35.50 billion, a P/E ratio of 22.93, a PEG ratio of 1.43 and a beta of 1.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.01 and a current ratio of 2.09.
Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings data on Thursday, November 8th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). Activision Blizzard had a return on equity of 15.44% and a net margin of 8.07%. The firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the business earned $0.25 EPS. The firm’s revenue was down 12.6% compared to the same quarter last year. Analysts expect that Activision Blizzard, Inc. will post 2.38 EPS for the current fiscal year.
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Activision Blizzard Company 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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