Eqis Capital Management Inc. lowered its stake in Activision Blizzard, Inc. (NASDAQ:ATVI) by 12.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,848 shares of the company’s stock after selling 842 shares during the quarter. Eqis Capital Management Inc.’s holdings in Activision Blizzard were worth $473,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Activision Blizzard by 1.0% in the third quarter. BlackRock Inc. now owns 54,696,365 shares of the company’s stock worth $4,427,670,000 after buying an additional 563,177 shares during the period. Morgan Stanley raised its stake in shares of Activision Blizzard by 65.3% in the first quarter. Morgan Stanley now owns 8,571,832 shares of the company’s stock worth $509,853,000 after buying an additional 3,385,187 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Activision Blizzard by 21.2% in the second quarter. Bank of New York Mellon Corp now owns 7,379,831 shares of the company’s stock worth $560,130,000 after buying an additional 1,288,384 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Activision Blizzard by 13.8% in the second quarter. Nuveen Asset Management LLC now owns 5,029,018 shares of the company’s stock worth $381,703,000 after buying an additional 609,667 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Activision Blizzard by 156.6% in the third quarter. California Public Employees Retirement System now owns 4,387,825 shares of the company’s stock worth $355,194,000 after buying an additional 2,677,541 shares during the period. 81.94% of the stock is currently owned by hedge funds and other institutional investors.
In other Activision Blizzard news, CFO Dennis M. Durkin sold 50,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $83.51, for a total transaction of $4,175,500.00. Following the sale, the chief financial officer now owns 442,096 shares in the company, valued at approximately $36,919,436.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian G. Kelly sold 200,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $76.65, for a total value of $15,330,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 325,002 shares of company stock worth $25,423,916. 1.29% of the stock is owned by company insiders.
ATVI opened at $76.81 on Friday. The firm has a market cap of $59.36 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 1.49 and a beta of 0.70. The company has a current ratio of 4.12, a quick ratio of 4.12 and a debt-to-equity ratio of 0.25. Activision Blizzard, Inc. has a 12 month low of $50.51 and a 12 month high of $87.73. The stock has a fifty day moving average price of $78.73 and a 200-day moving average price of $78.06.
Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.06. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.70 billion. Activision Blizzard had a return on equity of 19.07% and a net margin of 28.90%. The business’s revenue for the quarter was up 61.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. On average, equities research analysts forecast that Activision Blizzard, Inc. will post 3.26 EPS for the current year.
Several analysts recently issued reports on the company. MKM Partners lifted their target price on Activision Blizzard from $87.00 to $100.00 in a research note on Thursday, August 13th. ValuEngine cut Activision Blizzard from a “hold” rating to a “sell” rating in a report on Tuesday, November 10th. BMO Capital Markets cut Activision Blizzard from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $95.00 to $80.00 in a report on Tuesday, October 13th. Jefferies Financial Group lifted their target price on Activision Blizzard from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, September 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded Activision Blizzard from a “hold” rating to a “buy” rating and lifted their target price for the stock from $75.00 to $90.00 in a report on Tuesday, October 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have issued a buy rating to the company. Activision Blizzard presently has an average rating of “Buy” and an average target price of $91.00.
About Activision Blizzard
Activision Blizzard, Inc, together with its subsidiaries, develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment.
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