Flossbach Von Storch AG grew its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 72.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,723,613 shares of the company’s stock after acquiring an additional 1,142,848 shares during the period. Activision Blizzard makes up approximately 1.2% of Flossbach Von Storch AG’s portfolio, making the stock its 19th biggest position. Flossbach Von Storch AG’s holdings in Activision Blizzard were worth $126,839,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Advisors Asset Management Inc. increased its stake in shares of Activision Blizzard by 85.8% in the second quarter. Advisors Asset Management Inc. now owns 20,786 shares of the company’s stock worth $1,586,000 after purchasing an additional 9,601 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Activision Blizzard by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 7,884,115 shares of the company’s stock worth $601,716,000 after purchasing an additional 241,423 shares during the period. Personal Capital Advisors Corp bought a new position in shares of Activision Blizzard in the third quarter worth about $217,000. MAI Capital Management bought a new position in shares of Activision Blizzard in the third quarter worth about $215,000. Finally, Security National Bank increased its stake in shares of Activision Blizzard by 6.6% in the third quarter. Security National Bank now owns 49,452 shares of the company’s stock worth $4,114,000 after purchasing an additional 3,068 shares during the period. 90.62% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on ATVI shares. Barclays set a $78.00 price target on Activision Blizzard and gave the company a “buy” rating in a research note on Friday, November 9th. Wedbush set a $81.00 price target on Activision Blizzard and gave the company a “buy” rating in a research note on Friday, November 9th. SunTrust Banks set a $85.00 price target on Activision Blizzard and gave the company a “buy” rating in a research note on Wednesday, October 17th. BTIG Research boosted their price target on Activision Blizzard from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, October 16th. Finally, Stifel Nicolaus lowered their price target on Activision Blizzard from $82.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Activision Blizzard presently has a consensus rating of “Buy” and a consensus price target of $67.34.
ATVI stock opened at $43.41 on Monday. Activision Blizzard, Inc. has a 1-year low of $42.53 and a 1-year high of $84.68. The company has a market capitalization of $33.12 billion, a PE ratio of 21.18, a P/E/G ratio of 1.57 and a beta of 0.92. 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 net margin of 8.07% and a return on equity of 15.44%. The company had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was down 12.6% on a year-over-year basis. Analysts forecast that Activision Blizzard, Inc. will post 2.34 earnings per share for the current year.
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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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