Banco de Sabadell S.A acquired a new stake in Activision Blizzard, Inc. (NASDAQ:ATVI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 81,337 shares of the company’s stock, valued at approximately $5,150,000.
A number of other institutional investors and hedge funds have also modified their holdings of ATVI. Oppenheimer & Co. Inc. boosted its stake in shares of Activision Blizzard by 94.4% in the third quarter. Oppenheimer & Co. Inc. now owns 66,349 shares of the company’s stock worth $4,280,000 after acquiring an additional 32,224 shares during the last quarter. Carmignac Gestion boosted its stake in shares of Activision Blizzard by 0.5% in the third quarter. Carmignac Gestion now owns 5,920,188 shares of the company’s stock worth $381,911,000 after acquiring an additional 26,761 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in shares of Activision Blizzard in the fourth quarter worth approximately $1,171,000. Fox Run Management L.L.C. acquired a new stake in shares of Activision Blizzard in the fourth quarter worth approximately $731,000. Finally, Gulf International Bank UK Ltd boosted its stake in shares of Activision Blizzard by 1.8% in the fourth quarter. Gulf International Bank UK Ltd now owns 227,499 shares of the company’s stock worth $14,405,000 after acquiring an additional 4,100 shares during the last quarter. 85.56% of the stock is currently owned by institutional investors.
In other Activision Blizzard news, insider Dennis M. Durkin sold 71,488 shares of Activision Blizzard stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $75.65, for a total value of $5,408,067.20. Following the sale, the insider now owns 151,314 shares in the company, valued at $11,446,904.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dennis M. Durkin sold 21,488 shares of Activision Blizzard stock in a transaction on 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 owns 151,314 shares in the company, valued at approximately $11,678,414.52. The disclosure for this sale can be found here. Insiders sold 2,701,258 shares of company stock worth $191,727,094 in the last 90 days. Company insiders own 2.12% of the company’s stock.
Shares of ATVI stock opened at $71.37 on Wednesday. Activision Blizzard, Inc. has a 1 year low of $47.80 and a 1 year high of $79.63. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $54,378.72, a price-to-earnings ratio of 198.25, a price-to-earnings-growth ratio of 1.91 and a beta of 1.10.
Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, February 8th. The company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.02. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. equities research analysts expect that Activision Blizzard, Inc. will post 2.57 EPS for the current fiscal year.
A number of analysts have recently issued reports on the company. BidaskClub lowered Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Vetr raised Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $83.78 price target on the stock in a research note on Thursday, March 15th. Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Tuesday, March 13th. Citigroup reaffirmed a “positive” rating and issued a $87.00 price target (up from $78.00) on shares of Activision Blizzard in a research note on Monday, March 12th. Finally, ValuEngine raised Activision Blizzard from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Five research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $75.03.
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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