Gulf International Bank UK Ltd trimmed its holdings in Activision (NASDAQ:ATVI) by 1.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 225,199 shares of the company’s stock after selling 2,300 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Activision were worth $15,191,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Providence First Trust Co raised its holdings in shares of Activision by 28.2% during the 1st quarter. Providence First Trust Co now owns 13,735 shares of the company’s stock worth $927,000 after acquiring an additional 3,019 shares in the last quarter. Meridian Wealth Management LLC purchased a new stake in shares of Activision during the 1st quarter worth approximately $4,381,000. AdvisorNet Financial Inc raised its holdings in shares of Activision by 343.1% during the 1st quarter. AdvisorNet Financial Inc now owns 2,583 shares of the company’s stock worth $174,000 after acquiring an additional 2,000 shares in the last quarter. Signaturefd LLC purchased a new stake in shares of Activision during the 1st quarter worth approximately $114,000. Finally, State Treasurer State of Michigan raised its holdings in shares of Activision by 0.8% during the 1st quarter. State Treasurer State of Michigan now owns 223,344 shares of the company’s stock worth $15,067,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.
In other news, insider Stephen G. Wereb sold 120,521 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $72.38, for a total transaction of $8,723,309.98. Following the transaction, the insider now owns 48,511 shares of the company’s stock, valued at approximately $3,511,226.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dennis M. Durkin sold 21,488 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $77.18, for a total value of $1,658,443.84. Following the transaction, the insider now directly owns 151,314 shares in the company, valued at approximately $11,678,414.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,701,258 shares of company stock worth $191,727,094. Insiders own 2.12% of the company’s stock.
ATVI stock opened at $70.33 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.18 and a current ratio of 2.19. Activision has a twelve month low of $70.64 and a twelve month high of $71.93. The firm has a market capitalization of $53.41 billion, a price-to-earnings ratio of 34.31, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17.
Activision (NASDAQ:ATVI) last released its earnings results on Thursday, May 3rd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Activision had a return on equity of 17.91% and a net margin of 4.78%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm posted $0.56 earnings per share. The business’s revenue was up 15.0% compared to the same quarter last year. sell-side analysts predict that Activision will post 2.5 earnings per share for the current fiscal year.
Several analysts have recently issued reports on ATVI shares. TheStreet raised Activision from a “c+” rating to a “b” rating in a report on Thursday, May 3rd. Credit Suisse Group reaffirmed a “buy” rating and set a $81.00 price objective on shares of Activision in a report on Friday, January 26th. SunTrust Banks set a $77.00 price objective on Activision and gave the stock a “buy” rating in a report on Wednesday, January 24th. Bank of America upped their price objective on Activision from $76.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Finally, Vetr raised Activision from a “hold” rating to a “buy” rating and set a $75.74 price objective on the stock in a report on Monday, February 5th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $75.41.
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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