Bbva Compass Bancshares Inc. increased its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,579 shares of the company’s stock after buying an additional 131 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Activision Blizzard were worth $2,572,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in ATVI. Physicians Financial Services Inc. increased its position in shares of Activision Blizzard by 21.7% in the third quarter. Physicians Financial Services Inc. now owns 2,808 shares of the company’s stock valued at $124,000 after buying an additional 500 shares during the last quarter. Synovus Financial Corp acquired a new position in shares of Activision Blizzard during the third quarter valued at approximately $163,000. Brown Advisory Inc. acquired a new position in shares of Activision Blizzard during the fourth quarter valued at approximately $210,000. Advisory Services Network LLC acquired a new position in shares of Activision Blizzard during the first quarter valued at approximately $214,000. Finally, Rehmann Capital Advisory Group acquired a new position in shares of Activision Blizzard during the first quarter valued at approximately $218,000. 86.29% of the stock is currently owned by institutional investors.
Activision Blizzard, Inc. (NASDAQ:ATVI) traded up 1.242% on Friday, reaching $55.835. 4,401,951 shares of the company’s stock traded hands. Activision Blizzard, Inc. has a 52-week low of $35.12 and a 52-week high of $57.30. The stock has a market cap of $42.08 billion, a price-to-earnings ratio of 40.965 and a beta of 1.03. The company’s 50 day moving average is $51.75 and its 200-day moving average is $44.02.
Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.11. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Activision Blizzard had a net margin of 13.86% and a return on equity of 16.70%. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 EPS. Equities analysts expect that Activision Blizzard, Inc. will post $1.99 EPS for the current year.
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Several research firms recently weighed in on ATVI. Wedbush set a $63.00 price objective on shares of Activision Blizzard and gave the stock a “buy” rating in a research report on Saturday, May 6th. Vetr cut shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $59.65 target price for the company. in a research report on Monday, May 8th. Oppenheimer Holdings Inc. upped their target price on shares of Activision Blizzard from $53.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday. Credit Suisse Group AG upped their target price on shares of Activision Blizzard from $61.00 to $62.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $53.00 target price for the company in a research report on Wednesday, February 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $53.37.
In related news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $55.45, for a total value of $1,095,747.45. Following the completion of the transaction, the chief executive officer now directly owns 55,509 shares in the company, valued at approximately $3,077,974.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian G. Kelly sold 420,063 shares of the stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of $49.90, for a total transaction of $20,961,143.70. The disclosure for this sale can be found here. Insiders have sold a total of 459,585 shares of company stock valued at $22,954,238 in the last three months. 25.23% of the stock is currently owned by corporate insiders.
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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