Fiduciary Group LLC Buys Shares of 3,603 Activision Blizzard, Inc. (NASDAQ:ATVI)

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Fiduciary Group LLC bought a new stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 3,603 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors have also modified their holdings of the company. AlphaCore Capital LLC bought a new stake in shares of Activision Blizzard during the 1st quarter valued at $27,000. HighMark Wealth Management LLC bought a new stake in shares of Activision Blizzard in the 4th quarter valued at $29,000. Belmont Capital LLC bought a new stake in shares of Activision Blizzard in the 1st quarter valued at $34,000. Global Retirement Partners LLC increased its position in shares of Activision Blizzard by 77.2% in the 4th quarter. Global Retirement Partners LLC now owns 576 shares of the company’s stock valued at $34,000 after buying an additional 251 shares in the last quarter. Finally, Hoey Investments Inc. increased its position in shares of Activision Blizzard by 165.2% in the 1st quarter. Hoey Investments Inc. now owns 602 shares of the company’s stock valued at $36,000 after buying an additional 375 shares in the last quarter. Institutional investors own 88.30% of the company’s stock.

In related news, Director Brian G. Kelly sold 250,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $72.42, for a total transaction of $18,105,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Jesse Yang purchased 500 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were purchased at an average price of $73.00 per share, for a total transaction of $36,500.00. Following the completion of the acquisition, the chief accounting officer now owns 500 shares of the company’s stock, valued at approximately $36,500. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 483,452 shares of company stock worth $32,274,300. 1.29% of the stock is owned by corporate insiders.

ATVI has been the subject of a number of recent analyst reports. Barclays restated a “buy” rating and issued a $82.00 price objective on shares of Activision Blizzard in a research report on Thursday, May 7th. Piper Sandler upped their price objective on shares of Activision Blizzard from $70.00 to $79.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Deutsche Bank upped their price objective on shares of Activision Blizzard from $65.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday. They noted that the move was a valuation call. Nomura Instinet upped their price objective on shares of Activision Blizzard from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Activision Blizzard from $68.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Activision Blizzard presently has an average rating of “Buy” and a consensus target price of $72.88.

Shares of NASDAQ ATVI traded up $0.61 during mid-day trading on Friday, reaching $73.08. 5,141,091 shares of the company’s stock traded hands, compared to its average volume of 8,700,122. The stock has a market cap of $55.84 billion, a P/E ratio of 36.18, a PEG ratio of 1.55 and a beta of 0.60. The business has a 50-day simple moving average of $66.84 and a 200 day simple moving average of $60.22. Activision Blizzard, Inc. has a 1-year low of $41.84 and a 1-year high of $75.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.78 and a quick ratio of 2.78.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.20. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Activision Blizzard had a net margin of 24.21% and a return on equity of 14.57%. The business’s revenue was up 21.0% on a year-over-year basis. During the same period last year, the company earned $0.58 earnings per share. Equities research analysts anticipate that Activision Blizzard, Inc. will post 2.49 earnings per share for the current fiscal 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.

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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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