Signaturefd LLC lifted its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 37.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,731 shares of the company’s stock after buying an additional 746 shares during the quarter. Signaturefd LLC’s holdings in Activision Blizzard were worth $145,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Truvestments Capital LLC grew its holdings in Activision Blizzard by 4.6% in the 3rd quarter. Truvestments Capital LLC now owns 4,428 shares of the company’s stock valued at $234,000 after buying an additional 194 shares in the last quarter. Cornerstone Advisors Inc. grew its holdings in shares of Activision Blizzard by 13.1% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,972 shares of the company’s stock worth $93,000 after purchasing an additional 229 shares during the period. Dowling & Yahnke LLC grew its holdings in shares of Activision Blizzard by 1.0% during the 2nd quarter. Dowling & Yahnke LLC now owns 26,404 shares of the company’s stock worth $1,246,000 after purchasing an additional 258 shares during the period. Burns J W & Co. Inc. NY grew its holdings in shares of Activision Blizzard by 3.8% during the 3rd quarter. Burns J W & Co. Inc. NY now owns 7,880 shares of the company’s stock worth $417,000 after purchasing an additional 290 shares during the period. Finally, Executive Wealth Management LLC grew its holdings in shares of Activision Blizzard by 42.5% during the 2nd quarter. Executive Wealth Management LLC now owns 1,026 shares of the company’s stock worth $48,000 after purchasing an additional 306 shares during the period. 87.12% of the stock is owned by institutional investors and hedge funds.
In related news, insider Christopher B. Walther sold 5,333 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $50.34, for a total transaction of $268,463.22. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian M. Stolz sold 134,845 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $47.80, for a total value of $6,445,591.00. Following the transaction, the insider now owns 58,563 shares in the company, valued at approximately $2,799,311.40. The disclosure for this sale can be found here. Insiders have sold a total of 150,844 shares of company stock worth $7,266,020 in the last three months. Corporate insiders own 1.31% of the company’s stock.
A number of equities analysts have recently weighed in on ATVI shares. Citigroup increased their price target on Activision Blizzard from $47.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, October 15th. They noted that the move was a valuation call. BidaskClub upgraded Activision Blizzard from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 8th. Morgan Stanley raised their target price on Activision Blizzard from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. UBS Group restated a “buy” rating and set a $56.00 target price (up from $52.00) on shares of Activision Blizzard in a report on Friday, August 9th. Finally, Sanford C. Bernstein cut Activision Blizzard from a “market perform” rating to an “underperform” rating and raised their target price for the company from $41.00 to $43.00 in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Activision Blizzard currently has a consensus rating of “Buy” and a consensus price target of $59.45.
ATVI stock opened at $54.54 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.46 and a quick ratio of 3.43. Activision Blizzard, Inc. has a 1 year low of $39.85 and a 1 year high of $74.58. The firm has a market capitalization of $42.64 billion, a P/E ratio of 22.82, a P/E/G ratio of 2.15 and a beta of 0.85. The business’s 50-day moving average is $54.03 and its two-hundred day moving average is $48.40.
Activision Blizzard (NASDAQ:ATVI) last issued its earnings results on Thursday, August 8th. The company reported $0.34 earnings per share for the quarter, topping the 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 business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the company earned $0.41 EPS. The business’s quarterly revenue was down 12.9% on a year-over-year basis. On average, analysts expect that Activision Blizzard, Inc. will post 2 EPS for the current year.
Activision Blizzard 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.
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