Atlantic Trust Group LLC boosted its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 16.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,952 shares of the company’s stock after purchasing an additional 9,172 shares during the quarter. Atlantic Trust Group LLC’s holdings in Activision Blizzard were worth $4,382,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of ATVI. Geode Capital Management LLC increased its holdings in shares of Activision Blizzard by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 7,790,249 shares of the company’s stock valued at $492,227,000 after acquiring an additional 252,340 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Activision Blizzard by 3.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,762,476 shares of the company’s stock valued at $456,197,000 after acquiring an additional 212,792 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Activision Blizzard by 6.3% in the 4th quarter. TIAA CREF Investment Management LLC now owns 5,184,150 shares of the company’s stock valued at $328,260,000 after acquiring an additional 305,212 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in shares of Activision Blizzard by 284.7% in the 1st quarter. OppenheimerFunds Inc. now owns 4,159,793 shares of the company’s stock valued at $280,621,000 after acquiring an additional 3,078,408 shares during the last quarter. Finally, FIL Ltd increased its holdings in shares of Activision Blizzard by 32.1% in the 1st quarter. FIL Ltd now owns 3,018,342 shares of the company’s stock valued at $203,618,000 after acquiring an additional 733,922 shares during the last quarter. Institutional investors own 85.74% of the company’s stock.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 27,361 shares of the company’s stock, valued at approximately $1,928,676.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.29% of the stock is currently owned by company insiders.
Activision Blizzard opened at $75.98 on Monday, MarketBeat.com reports. Activision Blizzard, Inc. has a twelve month low of $55.86 and a twelve month high of $79.63. 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 company has a market cap of $57.89 billion, a price-to-earnings ratio of 37.06, a P/E/G ratio of 1.99 and a beta of 1.20.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Thursday, May 3rd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Activision Blizzard had a return on equity of 17.91% and a net margin of 4.78%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm earned $0.56 EPS. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. research analysts forecast that Activision Blizzard, Inc. will post 2.48 EPS for the current year.
A number of research firms have recently commented on ATVI. Citigroup reiterated a “positive” rating and issued a $87.00 price objective (up previously from $78.00) on shares of Activision Blizzard in a report on Monday, March 12th. Vetr downgraded Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $83.48 price objective on the stock. in a report on Monday, March 12th. KeyCorp increased their price objective on Activision Blizzard from $83.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, June 18th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Tuesday, March 13th. Finally, BidaskClub upgraded Activision Blizzard from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 13th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $76.07.
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.
Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.