Egerton Capital UK LLP grew its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 22.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,051,017 shares of the company’s stock after purchasing an additional 1,991,213 shares during the quarter. Activision Blizzard makes up 6.1% of Egerton Capital UK LLP’s holdings, making the stock its 3rd biggest holding. Egerton Capital UK LLP’s holdings in Activision Blizzard were worth $699,750,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Macquarie Group Ltd. boosted its stake in shares of Activision Blizzard by 0.4% in the second quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock valued at $711,000 after purchasing an additional 45 shares during the period. Checchi Capital Advisers LLC lifted its stake in Activision Blizzard by 13.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,437 shares of the company’s stock worth $408,000 after acquiring an additional 769 shares during the last quarter. CI Global Investments Inc. lifted its stake in Activision Blizzard by 1.1% in the fourth quarter. CI Global Investments Inc. now owns 69,123 shares of the company’s stock worth $4,377,000 after acquiring an additional 780 shares during the last quarter. Jackson Wealth Management LLC lifted its stake in Activision Blizzard by 6.6% in the fourth quarter. Jackson Wealth Management LLC now owns 12,744 shares of the company’s stock worth $844,000 after acquiring an additional 788 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in Activision Blizzard by 20.8% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,640 shares of the company’s stock worth $299,000 after acquiring an additional 800 shares during the last quarter. 85.61% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on ATVI shares. Wedbush set a $75.00 price target on shares of Activision Blizzard and gave the stock a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a research note on Friday, October 27th. UBS Group lifted their price target on shares of Activision Blizzard from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. KeyCorp reiterated a “buy” rating and issued a $74.00 price target on shares of Activision Blizzard in a research note on Tuesday, October 17th. Finally, Vetr downgraded shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $59.97 price target for the company. in a research note on Monday, October 30th. Six analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. Activision Blizzard currently has an average rating of “Buy” and a consensus target price of $71.75.
In other news, CEO of King Digital Entertainment Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the completion of the sale, the insider now owns 41,435 shares in the company, valued at approximately $2,636,923.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.12% of the stock is currently owned by insiders.
Shares of Activision Blizzard, Inc. (ATVI) opened at $68.32 on Tuesday. The firm has a market cap of $50,719.16, a P/E ratio of 189.78, a PEG ratio of 1.85 and a beta of 1.11. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.46. Activision Blizzard, Inc. has a 12-month low of $44.47 and a 12-month high of $74.94.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.02. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.55 billion. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS. research analysts expect that Activision Blizzard, Inc. will post 2.48 earnings per share for the current fiscal year.
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Activision Blizzard Profile
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
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