Teachers Retirement System of The State of Kentucky lifted its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 11.8% during the 4th quarter, HoldingsChannel reports. The fund owned 219,937 shares of the company’s stock after acquiring an additional 23,200 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Activision Blizzard were worth $13,926,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in ATVI. BlackRock Inc. grew its stake in shares of Activision Blizzard by 5.8% in the fourth quarter. BlackRock Inc. now owns 54,967,203 shares of the company’s stock valued at $3,480,525,000 after acquiring an additional 2,992,193 shares in the last quarter. Schwab Charles Investment Management Inc. acquired a new position in shares of Activision Blizzard in the fourth quarter valued at about $169,547,000. Egerton Capital UK LLP grew its stake in shares of Activision Blizzard by 22.0% in the fourth quarter. Egerton Capital UK LLP now owns 11,051,017 shares of the company’s stock valued at $699,750,000 after acquiring an additional 1,991,213 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Activision Blizzard by 108.6% in the third quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock valued at $205,444,000 after acquiring an additional 1,657,730 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Activision Blizzard by 25.6% in the third quarter. Bank of New York Mellon Corp now owns 7,476,125 shares of the company’s stock valued at $482,285,000 after acquiring an additional 1,523,740 shares in the last quarter. Institutional investors and hedge funds own 85.61% of the company’s stock.
ATVI has been the topic of several research reports. Vetr downgraded shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.27 price target on the stock. in a research note on Monday, November 20th. Goldman Sachs Group upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 12th. BTIG Research initiated coverage on shares of Activision Blizzard in a research note on Monday, December 18th. They issued a “buy” rating and a $80.00 price target on the stock. BidaskClub upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Finally, Zacks Investment Research downgraded shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Five research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Activision Blizzard presently has a consensus rating of “Buy” and a consensus target price of $75.02.
In related news, Director Brian G. Kelly sold 680,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $71.00, for a total value of $48,280,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen G. Wereb sold 120,521 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $72.38, for a total transaction of $8,723,309.98. Following the completion of the transaction, the insider now owns 48,511 shares of the company’s stock, valued at approximately $3,511,226.18. The disclosure for this sale can be found here. Insiders sold 2,608,282 shares of company stock valued at $184,660,583 in the last three months. Company insiders own 2.12% of the company’s stock.
Activision Blizzard, Inc. (ATVI) opened at $75.93 on Wednesday. The company has a market cap of $58,308.43, a PE ratio of 210.92, a PEG ratio of 2.05 and a beta of 1.10. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. Activision Blizzard, Inc. has a fifty-two week low of $47.80 and a fifty-two week high of $79.63.
Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, February 8th. The company reported $0.94 EPS for the quarter, topping 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 net margin of 3.89% and a return on equity of 17.48%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. equities research analysts forecast that Activision Blizzard, Inc. will post 2.57 EPS for the current fiscal year.
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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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