Banco de Sabadell S.A bought a new stake in Activision Blizzard, Inc. (NASDAQ:ATVI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 81,337 shares of the company’s stock, valued at approximately $5,150,000.
Several other hedge funds have also recently bought and sold shares of ATVI. BlackRock Inc. raised its holdings in shares of Activision Blizzard by 5.8% in the 4th quarter. BlackRock Inc. now owns 54,967,203 shares of the company’s stock valued at $3,480,525,000 after buying an additional 2,992,193 shares during the period. Schwab Charles Investment Management Inc. purchased a new stake in shares of Activision Blizzard in the 4th quarter valued at $169,547,000. Egerton Capital UK LLP raised its holdings in shares of Activision Blizzard by 22.0% in the 4th quarter. Egerton Capital UK LLP now owns 11,051,017 shares of the company’s stock valued at $699,750,000 after buying an additional 1,991,213 shares during the period. Prudential Financial Inc. raised its holdings in shares of Activision Blizzard by 108.6% in the 3rd quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock valued at $205,444,000 after buying an additional 1,657,730 shares during the period. Finally, Schroder Investment Management Group raised its holdings in shares of Activision Blizzard by 109.5% in the 4th quarter. Schroder Investment Management Group now owns 2,659,241 shares of the company’s stock valued at $168,383,000 after buying an additional 1,390,105 shares during the period. Hedge funds and other institutional investors own 85.56% of the company’s stock.
Several brokerages have weighed in on ATVI. Sanford C. Bernstein began coverage on Activision Blizzard in a report on Thursday, January 18th. They set a “market perform” rating and a $74.00 price target on the stock. Vetr upgraded Activision Blizzard from a “sell” rating to a “hold” rating and set a $74.33 price target on the stock in a report on Tuesday, January 30th. Wedbush set a $81.00 price target on Activision Blizzard and gave the stock a “buy” rating in a report on Friday, February 9th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Tuesday, March 13th. Finally, Credit Suisse Group upped their price target on Activision Blizzard from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Five analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $75.03.
ATVI stock opened at $71.37 on Wednesday. The stock has a market capitalization of $54,378.72, a PE ratio of 198.25, a PEG ratio of 1.91 and a beta of 1.10. 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 1 year low of $47.80 and a 1 year high of $79.63.
Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. equities research analysts predict that Activision Blizzard, Inc. will post 2.57 earnings per share for the current year.
In related news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $70.99, for a total value of $1,402,833.39. Following the completion of the sale, the chief executive officer now directly owns 34,398 shares of the company’s stock, valued at approximately $2,441,914.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Stephen G. Wereb sold 120,521 shares of the company’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $72.38, for a total value of $8,723,309.98. Following the completion of the sale, the insider now directly owns 48,511 shares of the company’s stock, valued at $3,511,226.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,701,258 shares of company stock valued at $191,727,094. Insiders own 2.12% of the company’s stock.
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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