Bailard Inc. raised its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 432.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,465 shares of the company’s stock after buying an additional 65,355 shares during the quarter. Bailard Inc.’s holdings in Activision Blizzard were worth $5,095,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. lifted 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 purchasing an additional 45 shares during the last quarter. Checchi Capital Advisers LLC lifted 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 purchasing an additional 769 shares during the last quarter. CI Global Investments Inc. lifted 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 purchasing an additional 780 shares during the last quarter. Jackson Wealth Management LLC lifted 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 purchasing an additional 788 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted 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 purchasing an additional 800 shares during the last quarter. Institutional investors and hedge funds own 85.09% of the company’s stock.
In other news, insider Stephen G. Wereb sold 120,521 shares of Activision Blizzard stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $72.38, for a total value of $8,723,309.98. Following the transaction, the insider now directly owns 48,511 shares in the company, valued at approximately $3,511,226.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the director now owns 129,562 shares in the company, valued at $9,053,792.56. The disclosure for this sale can be found here. Insiders have sold a total of 2,608,282 shares of company stock worth $184,660,583 over the last 90 days. 2.12% of the stock is currently owned by company insiders.
ATVI has been the subject of several analyst reports. Hilliard Lyons raised Activision Blizzard from an “underperform” rating to a “neutral” rating in a research note on Wednesday, November 8th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Activision Blizzard in a research note on Wednesday, November 8th. Vetr lowered Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.27 price objective for the company. in a research note on Monday, November 20th. Goldman Sachs Group raised Activision Blizzard from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 12th. Finally, BTIG Research began coverage on Activision Blizzard in a research note on Monday, December 18th. They issued a “buy” rating and a $80.00 price objective for the company. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $74.52.
Activision Blizzard, Inc. (NASDAQ ATVI) traded up $2.74 on Thursday, reaching $76.81. The company’s stock had a trading volume of 8,957,758 shares, compared to its average volume of 7,180,000. The stock has a market cap of $58,080.00, a P/E ratio of 64.55, a P/E/G ratio of 1.97 and a beta of 1.10. Activision Blizzard, Inc. has a one year low of $47.80 and a one year high of $76.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.77.
Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.92 by $0.02. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.55 billion. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. Activision Blizzard’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. equities analysts anticipate that Activision Blizzard, Inc. will post 2.57 EPS 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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