NBW Capital LLC grew its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,247 shares of the company’s stock after purchasing an additional 266 shares during the period. NBW Capital LLC’s holdings in Activision Blizzard were worth $2,924,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in ATVI. Corient Capital Partners LLC boosted its position in shares of Activision Blizzard by 39.8% in the second quarter. Corient Capital Partners LLC now owns 7,517 shares of the company’s stock worth $354,000 after acquiring an additional 2,141 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Activision Blizzard by 61.5% in the second quarter. Arizona State Retirement System now owns 236,887 shares of the company’s stock worth $11,181,000 after buying an additional 90,217 shares during the last quarter. CWM LLC increased its stake in shares of Activision Blizzard by 1.1% in the second quarter. CWM LLC now owns 58,576 shares of the company’s stock worth $2,765,000 after buying an additional 661 shares during the last quarter. Invesco Ltd. increased its stake in shares of Activision Blizzard by 7.1% in the second quarter. Invesco Ltd. now owns 19,334,866 shares of the company’s stock worth $912,605,000 after buying an additional 1,289,300 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Activision Blizzard by 4.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,295,380 shares of the company’s stock worth $155,542,000 after buying an additional 134,048 shares during the last quarter. 87.37% of the stock is currently owned by institutional investors.
ATVI has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on shares of Activision Blizzard from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Sanford C. Bernstein lowered shares of Activision Blizzard from a “market perform” rating to an “underperform” rating and lifted their price target for the stock from $41.00 to $43.00 in a research note on Wednesday, October 2nd. Bank of America set a $62.00 price objective on shares of Activision Blizzard and gave the stock a “buy” rating in a report on Friday, October 18th. Barclays set a $63.00 price objective on shares of Activision Blizzard and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Macquarie set a $58.00 price objective on shares of Activision Blizzard and gave the stock a “buy” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Activision Blizzard currently has an average rating of “Buy” and an average price target of $60.10.
In related news, insider Christopher B. Walther sold 5,333 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $52.67, for a total value of $280,889.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian M. Stolz sold 134,845 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $47.80, for a total value of $6,445,591.00. Following the completion of the sale, the insider now directly owns 58,563 shares of the company’s stock, valued at approximately $2,799,311.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,511 shares of company stock worth $6,997,557. Company insiders own 1.31% of the company’s stock.
Activision Blizzard stock traded down $1.30 during midday trading on Thursday, hitting $55.06. The company’s stock had a trading volume of 386,802 shares, compared to its average volume of 7,084,987. The company has a quick ratio of 3.43, a current ratio of 3.46 and a debt-to-equity ratio of 0.22. The stock’s 50-day moving average price is $54.66 and its 200-day moving average price is $49.21. Activision Blizzard, Inc. has a 12 month low of $39.85 and a 12 month high of $66.60. The company has a market capitalization of $42.73 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.14. Activision Blizzard had a return on equity of 15.54% and a net margin of 23.69%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company earned $0.41 EPS. The business’s revenue for the quarter was down 12.9% compared to the same quarter last year. As a group, equities analysts anticipate that Activision Blizzard, Inc. will post 2.01 EPS for the current year.
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. It 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.
Featured Article: What is a Candlestick Chart?
Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision Blizzard, Inc. (NASDAQ:ATVI).
Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.