Achmea Investment Management B.V. lifted its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 73.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 71,638 shares of the company’s stock after purchasing an additional 30,280 shares during the period. Achmea Investment Management B.V.’s holdings in Activision Blizzard were worth $3,336,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of ATVI. Baillie Gifford & Co. raised its stake in Activision Blizzard by 55.3% during the 4th quarter. Baillie Gifford & Co. now owns 1,733,278 shares of the company’s stock worth $80,719,000 after acquiring an additional 617,322 shares during the period. Shellback Capital LP bought a new stake in Activision Blizzard during the 4th quarter worth approximately $1,863,000. LMR Partners LLP bought a new stake in Activision Blizzard during the 4th quarter worth approximately $536,000. Thoroughbred Financial Services LLC bought a new stake in Activision Blizzard during the 4th quarter worth approximately $210,000. Finally, American International Group Inc. raised its stake in Activision Blizzard by 5.4% during the 4th quarter. American International Group Inc. now owns 339,286 shares of the company’s stock worth $15,801,000 after acquiring an additional 17,402 shares during the period. Hedge funds and other institutional investors own 88.21% of the company’s stock.
ATVI stock opened at $43.32 on Friday. Activision Blizzard, Inc. has a fifty-two week low of $39.85 and a fifty-two week high of $84.68. The company has a quick ratio of 2.29, a current ratio of 2.31 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $33.38 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 2.04 and a beta of 0.82.
Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Tuesday, February 12th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.08. Activision Blizzard had a net margin of 24.16% and a return on equity of 17.55%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $3.04 billion. During the same period last year, the firm posted $0.94 earnings per share. Activision Blizzard’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts predict that Activision Blizzard, Inc. will post 1.98 earnings per share for the current year.
The firm also recently announced an annual dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, March 28th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, March 27th. This is a positive change from Activision Blizzard’s previous annual dividend of $0.34. This represents a dividend yield of 0.83%. Activision Blizzard’s dividend payout ratio (DPR) is 14.23%.
A number of equities research analysts have commented on the stock. BidaskClub cut shares of Activision Blizzard from a “sell” rating to a “strong sell” rating in a research note on Friday, November 16th. Zacks Investment Research cut shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. SunTrust Banks set a $65.00 target price on shares of Activision Blizzard and gave the stock a “buy” rating in a research note on Thursday, November 15th. Benchmark decreased their target price on shares of Activision Blizzard from $93.00 to $87.00 and set a “buy” rating on the stock in a research note on Friday, January 11th. Finally, Stephens assumed coverage on shares of Activision Blizzard in a research note on Thursday, January 10th. They set an “overweight” rating and a $65.00 target price on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Activision Blizzard currently has an average rating of “Buy” and a consensus target price of $62.65.
In other Activision Blizzard news, Director Robert J. Morgado sold 15,000 shares of Activision Blizzard stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $42.91, for a total transaction of $643,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.29% of the stock is owned by insiders.
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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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