Lido Advisors LLC raised its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 70.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,565 shares of the company’s stock after acquiring an additional 3,125 shares during the quarter. Lido Advisors LLC’s holdings in Activision Blizzard were worth $629,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Activision Blizzard by 4.8% in the 3rd quarter. FMR LLC now owns 96,798,252 shares of the company’s stock valued at $8,052,646,000 after buying an additional 4,476,835 shares in the last quarter. Egerton Capital UK LLP grew its stake in shares of Activision Blizzard by 29.1% in the 2nd quarter. Egerton Capital UK LLP now owns 7,286,230 shares of the company’s stock valued at $556,085,000 after buying an additional 1,642,285 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Activision Blizzard by 127,027.1% in the 3rd quarter. Bessemer Group Inc. now owns 1,220,420 shares of the company’s stock valued at $101,527,000 after buying an additional 1,219,460 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Activision Blizzard by 27.4% in the 3rd quarter. Alliancebernstein L.P. now owns 5,568,165 shares of the company’s stock valued at $463,216,000 after buying an additional 1,197,118 shares in the last quarter. Finally, Flossbach Von Storch AG grew its stake in shares of Activision Blizzard by 5,313.4% in the 2nd quarter. Flossbach Von Storch AG now owns 1,190,950 shares of the company’s stock valued at $90,893,000 after buying an additional 1,168,950 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors.
ATVI opened at $47.23 on Friday. Activision Blizzard, Inc. has a twelve month low of $45.50 and a twelve month high of $84.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.09 and a quick ratio of 2.01. The company has a market capitalization of $36.74 billion, a P/E ratio of 23.04, a P/E/G ratio of 1.50 and a beta of 1.05.
Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, November 8th. The company reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.03). Activision Blizzard had a return on equity of 15.44% and a net margin of 8.07%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the firm posted $0.25 earnings per share. The firm’s revenue for the quarter was down 12.6% compared to the same quarter last year. Equities analysts expect that Activision Blizzard, Inc. will post 2.35 earnings per share for the current year.
Several brokerages recently commented on ATVI. Gabelli began coverage on Activision Blizzard in a research note on Tuesday. They issued a “buy” rating and a $64.00 price target for the company. Barclays raised Activision Blizzard from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $79.00 to $86.00 in a research note on Monday, October 15th. MKM Partners lowered their price target on Activision Blizzard to $71.00 and set a “neutral” rating for the company in a research note on Tuesday, October 30th. Bank of America lowered their price target on Activision Blizzard from $77.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday, November 9th. Finally, Jefferies Financial Group set a $85.00 price target on Activision Blizzard and gave the company a “buy” rating in a research note on Saturday, November 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $75.38.
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About Activision Blizzard
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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