Honkamp Krueger Financial Services Inc. Sells 14,205 Shares of Activision Blizzard, Inc. (ATVI)

Honkamp Krueger Financial Services Inc. decreased its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 40.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,295 shares of the company’s stock after selling 14,205 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in Activision Blizzard were worth $1,348,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ATVI. Macquarie Group Ltd. grew its stake in shares of Activision Blizzard by 0.4% in the 2nd quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock valued at $711,000 after buying an additional 45 shares during the period. Checchi Capital Advisers LLC grew its stake in shares of Activision Blizzard by 13.6% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,437 shares of the company’s stock valued at $408,000 after buying an additional 769 shares during the period. CI Global Investments Inc. grew its stake in shares of Activision Blizzard by 1.1% in the 4th quarter. CI Global Investments Inc. now owns 69,123 shares of the company’s stock valued at $4,377,000 after buying an additional 780 shares during the period. Jackson Wealth Management LLC grew its stake in shares of Activision Blizzard by 6.6% in the 4th quarter. Jackson Wealth Management LLC now owns 12,744 shares of the company’s stock valued at $844,000 after buying an additional 788 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in shares of Activision Blizzard by 20.8% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,640 shares of the company’s stock valued at $299,000 after buying an additional 800 shares during the period. Institutional investors own 86.06% of the company’s stock.

A number of research firms recently weighed in on ATVI. Argus increased their price objective on shares of Activision Blizzard from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research cut shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. TheStreet cut shares of Activision Blizzard from a “b” rating to a “c+” rating in a research report on Thursday, February 8th. Vetr raised shares of Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $75.74 price objective for the company in a research report on Monday, February 12th. Finally, Barclays set a $70.00 price objective on shares of Activision Blizzard and gave the stock a “hold” rating in a research report on Friday, February 9th. Six analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $73.08.

Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $70.19 on Monday. The stock has a market cap of $53,070.63, a P/E ratio of 31.62, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. Activision Blizzard, Inc. has a fifty-two week low of $44.60 and a fifty-two week high of $74.94. 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 (NASDAQ:ATVI) last released its earnings results on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.55 billion. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. equities analysts predict that Activision Blizzard, Inc. will post 2.57 earnings per share for the current year.

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About Activision Blizzard

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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