Sterling Capital Management LLC lessened its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 15.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 858,829 shares of the company’s stock after selling 158,338 shares during the quarter. Sterling Capital Management LLC owned 0.11% of Activision Blizzard worth $54,381,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. Oppenheimer & Co. Inc. boosted its holdings in shares of Activision Blizzard by 94.4% during the 3rd 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 in the last quarter. Carmignac Gestion boosted its holdings in shares of Activision Blizzard by 0.5% during the 3rd 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 in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Activision Blizzard by 13.7% during the 3rd quarter. Pacer Advisors Inc. now owns 28,080 shares of the company’s stock valued at $1,811,000 after acquiring an additional 3,391 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of Activision Blizzard during the 4th quarter valued at $1,171,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Activision Blizzard during the 4th quarter valued at $731,000. 85.56% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $70.99, for a total value of $1,402,833.39. Following the completion of the sale, the chief executive officer now directly owns 34,398 shares of the company’s stock, valued at approximately $2,441,914.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dennis M. Durkin sold 21,488 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $77.18, for a total value of $1,658,443.84. Following the completion of the sale, the insider now directly owns 151,314 shares of the company’s stock, valued at $11,678,414.52. The disclosure for this sale can be found here. Insiders sold a total of 2,701,258 shares of company stock valued at $191,727,094 over the last ninety days. 2.12% of the stock is currently owned by corporate insiders.
Several research firms recently weighed in on ATVI. TheStreet downgraded Activision Blizzard from a “b” rating to a “c+” rating in a report on Thursday, February 8th. Wedbush set a $81.00 price objective on Activision Blizzard and gave the company a “buy” rating in a report on Friday, February 9th. Jefferies Group reissued a “buy” rating on shares of Activision Blizzard in a report on Friday, February 9th. Barclays set a $70.00 target price on Activision Blizzard and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Tuesday, February 13th. Five equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $75.03.
Shares of Activision Blizzard, Inc. (ATVI) opened at $71.05 on Tuesday. Activision Blizzard, Inc. has a 12-month low of $47.80 and a 12-month high of $79.63. The company has a market capitalization of $54,378.72, a PE ratio of 197.36, a P/E/G ratio of 1.91 and a beta of 1.10. 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 issued its earnings results on Thursday, February 8th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.02. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the company posted $0.65 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. equities analysts anticipate that Activision Blizzard, Inc. will post 2.57 earnings per share for the current fiscal year.
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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