Zeke Capital Advisors LLC Has $1.04 Million Stake in Activision Blizzard, Inc. (ATVI)

Zeke Capital Advisors LLC increased its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 24.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 16,348 shares of the company’s stock after acquiring an additional 3,204 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Activision Blizzard were worth $1,035,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ATVI. BlackRock Inc. boosted its position in shares of Activision Blizzard by 5.8% in the fourth quarter. BlackRock Inc. now owns 54,967,203 shares of the company’s stock valued at $3,480,525,000 after acquiring an additional 2,992,193 shares during the period. Schwab Charles Investment Management Inc. bought a new position in shares of Activision Blizzard in the fourth quarter valued at approximately $169,547,000. Egerton Capital UK LLP boosted its position in shares of Activision Blizzard by 22.0% in the fourth quarter. Egerton Capital UK LLP now owns 11,051,017 shares of the company’s stock valued at $699,750,000 after acquiring an additional 1,991,213 shares during the period. Prudential Financial Inc. boosted its position in shares of Activision Blizzard by 108.6% in the third quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock valued at $205,444,000 after acquiring an additional 1,657,730 shares during the period. Finally, Schroder Investment Management Group boosted its position in shares of Activision Blizzard by 109.5% in the fourth quarter. Schroder Investment Management Group now owns 2,659,241 shares of the company’s stock valued at $168,383,000 after acquiring an additional 1,390,105 shares during the period. Institutional investors own 85.61% of the company’s stock.

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Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $71.68 on Friday. The company has a market cap of $55,668.39, a P/E ratio of 199.11, a price-to-earnings-growth ratio of 1.95 and a beta of 1.10. Activision Blizzard, Inc. has a one year low of $47.80 and a one year high of $79.63. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.77 and a current ratio of 1.78.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.92 by $0.02. The firm had revenue of $2.64 billion for 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 business’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. sell-side analysts predict that Activision Blizzard, Inc. will post 2.57 EPS for the current fiscal year.

In related news, Director Robert J. Corti sold 88,000 shares of Activision Blizzard stock in a transaction on Friday, February 16th. The shares were sold at an average price of $69.88, for a total value of $6,149,440.00. Following the transaction, the director now directly owns 129,562 shares of the company’s stock, valued at $9,053,792.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $70.99, for a total transaction of $1,402,833.39. Following the completion of the transaction, the chief executive officer now directly owns 34,398 shares in the company, valued at $2,441,914.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,701,258 shares of company stock worth $191,727,094. 2.12% of the stock is owned by insiders.

A number of equities analysts have recently commented on ATVI shares. Zacks Investment Research lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Vetr upgraded shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.71 target price for the company in a research report on Tuesday, December 26th. BidaskClub upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. KeyCorp set a $80.00 target price on shares of Activision Blizzard and gave the company a “buy” rating in a research report on Monday, January 8th. Finally, SunTrust Banks set a $77.00 target price on shares of Activision Blizzard and gave the company a “buy” rating in a research report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $75.03.

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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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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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