Flagship Harbor Advisors LLC raised its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 6.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,765 shares of the company’s stock after buying an additional 550 shares during the period. Flagship Harbor Advisors LLC’s holdings in Activision Blizzard were worth $431,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Granite Investment Partners LLC boosted its position in Activision Blizzard by 6.6% in the first quarter. Granite Investment Partners LLC now owns 171,868 shares of the company’s stock valued at $8,569,000 after buying an additional 10,695 shares in the last quarter. Scout Investments Inc. boosted its position in Activision Blizzard by 143.6% in the first quarter. Scout Investments Inc. now owns 614,690 shares of the company’s stock valued at $20,801,000 after buying an additional 362,384 shares in the last quarter. Polaris Greystone Financial Group LLC boosted its position in Activision Blizzard by 3.8% in the first quarter. Polaris Greystone Financial Group LLC now owns 19,296 shares of the company’s stock valued at $962,000 after buying an additional 706 shares in the last quarter. Boston Partners boosted its position in Activision Blizzard by 11.0% in the first quarter. Boston Partners now owns 10,654,291 shares of the company’s stock valued at $531,223,000 after buying an additional 1,058,056 shares in the last quarter. Finally, Iridian Asset Management LLC CT acquired a new position in Activision Blizzard during the first quarter valued at $148,547,000. Hedge funds and other institutional investors own 87.48% of the company’s stock.
Activision Blizzard, Inc (NASDAQ ATVI) opened at 61.45 on Friday. The company’s 50-day moving average price is $59.54 and its 200-day moving average price is $51.48. The company has a market capitalization of $46.31 billion, a price-to-earnings ratio of 45.08 and a beta of 1.07. Activision Blizzard, Inc has a 52 week low of $35.12 and a 52 week high of $63.19.
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. Activision Blizzard had a return on equity of 16.90% and a net margin of 14.63%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business earned $0.23 EPS. Activision Blizzard’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities analysts forecast that Activision Blizzard, Inc will post $2.01 earnings per share for the current fiscal year.
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ATVI has been the subject of several recent analyst reports. Robert W. Baird restated an “outperform” rating and issued a $47.00 price target on shares of Activision Blizzard in a research note on Sunday, April 2nd. MKM Partners restated a “neutral” rating and issued a $48.00 price target (up previously from $44.00) on shares of Activision Blizzard in a research note on Tuesday, May 2nd. Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.63 price target for the company in a research note on Thursday, June 8th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $60.00 price target (up previously from $53.00) on shares of Activision Blizzard in a research note on Friday, May 5th. Finally, Pacific Crest restated an “overweight” rating and issued a $60.00 price target on shares of Activision Blizzard in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $61.14.
In related news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $55.45, for a total value of $1,095,747.45. Following the sale, the chief executive officer now directly owns 55,509 shares in the company, valued at approximately $3,077,974.05. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.12% of the stock is owned by 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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