Corient Capital Partners LLC lifted its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 24.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,319 shares of the company’s stock after acquiring an additional 1,802 shares during the quarter. Corient Capital Partners LLC’s holdings in Activision Blizzard were worth $493,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of ATVI. Ascent Wealth Partners LLC boosted its stake in Activision Blizzard by 1.5% in the 3rd quarter. Ascent Wealth Partners LLC now owns 13,030 shares of the company’s stock valued at $690,000 after purchasing an additional 189 shares during the period. Truvestments Capital LLC boosted its stake in Activision Blizzard by 4.6% in the 3rd quarter. Truvestments Capital LLC now owns 4,428 shares of the company’s stock valued at $234,000 after purchasing an additional 194 shares during the period. Cornerstone Advisors Inc. boosted its stake in Activision Blizzard by 13.1% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,972 shares of the company’s stock valued at $93,000 after purchasing an additional 229 shares during the period. Dowling & Yahnke LLC boosted its stake in Activision Blizzard by 1.0% in the 2nd quarter. Dowling & Yahnke LLC now owns 26,404 shares of the company’s stock valued at $1,246,000 after purchasing an additional 258 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in Activision Blizzard by 34.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,015 shares of the company’s stock valued at $54,000 after purchasing an additional 259 shares during the period. Institutional investors own 87.33% of the company’s stock.
NASDAQ:ATVI opened at $53.44 on Friday. The stock has a fifty day moving average price of $54.49 and a 200-day moving average price of $49.50. The company has a market cap of $40.20 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 2.35 and a beta of 0.87. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.38 and a current ratio of 3.43. Activision Blizzard, Inc. has a fifty-two week low of $39.85 and a fifty-two week high of $57.52.
Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Thursday, November 7th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. Activision Blizzard had a return on equity of 13.91% and a net margin of 23.66%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue was down 27.1% compared to the same quarter last year. Research analysts predict that Activision Blizzard, Inc. will post 2.03 EPS for the current fiscal year.
In other news, insider Christopher B. Walther sold 5,333 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $52.67, for a total transaction of $280,889.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Collister Johnson sold 3,800 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $52.43, for a total value of $199,234.00. Following the transaction, the chief operating officer now directly owns 280,983 shares of the company’s stock, valued at approximately $14,731,938.69. The disclosure for this sale can be found here. Insiders have sold a total of 14,466 shares of company stock valued at $751,200 in the last three months. 1.29% of the stock is owned by insiders.
Several research firms recently issued reports on ATVI. UBS Group restated a “buy” rating and issued a $66.00 price target (up from $56.00) on shares of Activision Blizzard in a research note on Wednesday. Stephens upgraded Activision Blizzard from an “equal” rating to a “weight” rating and boosted their price target for the company from $52.00 to $65.00 in a research note on Thursday, September 5th. Citigroup boosted their price target on Activision Blizzard from $47.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, October 15th. They noted that the move was a valuation call. Needham & Company LLC restated a “buy” rating and issued a $62.00 price target on shares of Activision Blizzard in a research note on Friday, November 8th. Finally, Barclays set a $63.00 price target on Activision Blizzard and gave the company a “buy” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $60.30.
Activision Blizzard Company Profile
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. It 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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