US Bancorp DE lessened its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 2.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 90,116 shares of the company’s stock after selling 2,524 shares during the period. US Bancorp DE’s holdings in Activision Blizzard were worth $7,495,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ATVI. Harfst & Associates Inc. acquired a new position in shares of Activision Blizzard in the 3rd quarter valued at $203,000. Moody National Bank Trust Division boosted its holdings in shares of Activision Blizzard by 459.7% in the 3rd quarter. Moody National Bank Trust Division now owns 99,893 shares of the company’s stock valued at $8,310,000 after buying an additional 82,044 shares in the last quarter. Accuvest Global Advisors acquired a new position in shares of Activision Blizzard in the 3rd quarter valued at $529,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Activision Blizzard by 2.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 719,206 shares of the company’s stock valued at $59,830,000 after buying an additional 16,360 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Activision Blizzard by 4.8% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 150,205 shares of the company’s stock valued at $12,496,000 after buying an additional 6,840 shares in the last quarter. Institutional investors own 86.92% of the company’s stock.
ATVI has been the subject of several research reports. BidaskClub downgraded shares of Activision Blizzard from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. BTIG Research upped their price target on shares of Activision Blizzard from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 16th. KeyCorp reduced their price target on shares of Activision Blizzard from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, October 31st. Argus reiterated a “buy” rating and issued a $90.00 price target (up previously from $81.00) on shares of Activision Blizzard in a research report on Friday, September 21st. Finally, SunTrust Banks set a $85.00 price target on shares of Activision Blizzard and gave the company a “buy” rating in a research report on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $77.62.
Shares of Activision Blizzard stock opened at $55.01 on Friday. The firm has a market cap of $49.63 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.73 and a beta of 1.11. The company has a quick ratio of 2.96, a current ratio of 2.98 and a debt-to-equity ratio of 0.42. Activision Blizzard, Inc. has a one year low of $53.50 and a one year high of $84.68.
Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings data on Thursday, November 8th. The company reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.03). The firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Activision Blizzard had a return on equity of 16.39% and a net margin of 6.96%. The firm’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. On average, equities research analysts forecast that Activision Blizzard, Inc. will post 2.49 earnings per share for the current year.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $68.70, for a total transaction of $1,357,580.70. Following the completion of the transaction, the chief executive officer now owns 20,324 shares in the company, valued at approximately $1,396,258.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.29% of the stock is currently owned by corporate insiders.
Activision Blizzard Company Profile
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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