Tokio Marine Asset Management Co. Ltd. lowered its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 25.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,672 shares of the company’s stock after selling 1,587 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Activision Blizzard were worth $296,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its holdings in shares of Activision Blizzard by 94.4% during the third quarter. Oppenheimer & Co. Inc. now owns 66,349 shares of the company’s stock valued at $4,280,000 after acquiring an additional 32,224 shares during the period. Quantitative Systematic Strategies LLC acquired a new stake in shares of Activision Blizzard during the third quarter valued at approximately $881,000. State Board of Administration of Florida Retirement System raised its holdings in shares of Activision Blizzard by 3.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 1,005,178 shares of the company’s stock valued at $64,844,000 after acquiring an additional 34,070 shares during the period. Highstreet Asset Management Inc. raised its holdings in shares of Activision Blizzard by 23.6% during the third quarter. Highstreet Asset Management Inc. now owns 11,282 shares of the company’s stock valued at $728,000 after acquiring an additional 2,151 shares during the period. Finally, Carmignac Gestion raised its holdings in shares of Activision Blizzard by 0.5% during the third quarter. Carmignac Gestion now owns 5,920,188 shares of the company’s stock valued at $381,911,000 after acquiring an additional 26,761 shares during the period. Institutional investors and hedge funds own 86.04% of the company’s stock.
Shares of Activision Blizzard, Inc. (NASDAQ ATVI) opened at $67.08 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.22. The company has a market cap of $50,719.19, a P/E ratio of 186.33, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11. Activision Blizzard, Inc. has a 1 year low of $38.93 and a 1 year high of $74.94.
Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, February 8th. The company reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.02. The company 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 17.37%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share. sell-side analysts predict that Activision Blizzard, Inc. will post 2.48 EPS for the current fiscal year.
A number of research firms have recently issued reports on ATVI. TheStreet lowered shares of Activision Blizzard from a “b” rating to a “c+” rating in a report on Thursday. Vetr upgraded shares of Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $75.74 price target on the stock in a report on Monday. Barclays set a $70.00 price target on shares of Activision Blizzard and gave the company a “hold” rating in a report on Friday. Credit Suisse Group boosted their price objective on shares of Activision Blizzard from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Robert W. Baird boosted their price objective on shares of Activision Blizzard from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday. Six research 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. The company currently has a consensus rating of “Buy” and an average target price of $71.75.
In other Activision Blizzard 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 value of $1,257,590.04. Following the completion of the sale, the insider now directly owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.12% of the company’s stock.
Activision Blizzard Company 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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