Truvestments Capital LLC acquired a new position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,174 shares of the company’s stock, valued at approximately $319,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in shares of Activision Blizzard by 2.4% in the 1st quarter. Thrivent Financial for Lutherans now owns 31,554 shares of the company’s stock valued at $2,129,000 after acquiring an additional 729 shares in the last quarter. Cetera Advisors LLC raised its stake in shares of Activision Blizzard by 24.8% in the 1st quarter. Cetera Advisors LLC now owns 7,171 shares of the company’s stock valued at $482,000 after acquiring an additional 1,425 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in shares of Activision Blizzard by 95.5% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 82,794 shares of the company’s stock valued at $5,586,000 after acquiring an additional 40,435 shares in the last quarter. Lido Advisors LLC bought a new position in shares of Activision Blizzard in the 1st quarter valued at approximately $296,000. Finally, Baillie Gifford & Co. raised its stake in shares of Activision Blizzard by 9.2% in the 1st quarter. Baillie Gifford & Co. now owns 1,060,251 shares of the company’s stock valued at $71,524,000 after acquiring an additional 88,952 shares in the last quarter. Hedge funds and other institutional investors own 87.05% of the company’s stock.
ATVI stock traded up $4.07 during trading on Friday, hitting $77.92. The company had a trading volume of 12,258,813 shares, compared to its average volume of 6,241,610. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.98 and a quick ratio of 2.96. The firm has a market cap of $63.42 billion, a price-to-earnings ratio of 38.01, a P/E/G ratio of 2.22 and a beta of 0.86. Activision Blizzard, Inc. has a fifty-two week low of $57.29 and a fifty-two week high of $84.68.
Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.11. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Activision Blizzard had a return on equity of 18.00% and a net margin of 6.96%. Activision Blizzard’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 EPS. On average, research analysts anticipate that Activision Blizzard, Inc. will post 2.49 earnings per share for the current year.
A number of brokerages recently weighed in on ATVI. BidaskClub downgraded Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 25th. KeyCorp lifted their price target on Activision Blizzard from $83.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, June 18th. Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Wednesday, July 4th. Morgan Stanley boosted their price objective on Activision Blizzard from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Wednesday, July 11th. Finally, Piper Jaffray Companies boosted their price objective on Activision Blizzard to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, July 25th. Nine research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Activision Blizzard currently has a consensus rating of “Buy” and a consensus target price of $81.16.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $68.70, for a total value of $1,357,580.70. Following the transaction, the chief executive officer now owns 20,324 shares of the company’s stock, valued at $1,396,258.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.29% of the stock is currently owned by insiders.
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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