Toronto Dominion Bank lessened its stake in Activision Blizzard, Inc. (NASDAQ:ATVI) by 99.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 562 shares of the company’s stock after selling 774,614 shares during the period. Toronto Dominion Bank’s holdings in Activision Blizzard were worth $43,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of ATVI. Massachusetts Financial Services Co. MA acquired a new stake in Activision Blizzard in the 1st quarter valued at approximately $327,047,000. Morgan Stanley increased its holdings in Activision Blizzard by 65.3% in the 1st quarter. Morgan Stanley now owns 8,571,832 shares of the company’s stock valued at $509,853,000 after purchasing an additional 3,385,187 shares during the last quarter. AJO LP increased its holdings in Activision Blizzard by 587.8% in the 1st quarter. AJO LP now owns 2,755,286 shares of the company’s stock valued at $163,883,000 after purchasing an additional 2,354,676 shares during the last quarter. Capital International Investors increased its holdings in Activision Blizzard by 4.0% in the 1st quarter. Capital International Investors now owns 59,362,226 shares of the company’s stock valued at $3,530,860,000 after purchasing an additional 2,295,133 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in Activision Blizzard by 4.3% in the 1st quarter. BlackRock Inc. now owns 52,051,234 shares of the company’s stock valued at $3,096,008,000 after purchasing an additional 2,149,264 shares during the last quarter. Hedge funds and other institutional investors own 86.73% of the company’s stock.
Several analysts recently weighed in on ATVI shares. BidaskClub downgraded shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 12th. Wells Fargo & Co restated a “buy” rating on shares of Activision Blizzard in a research note on Wednesday, August 5th. Berenberg Bank boosted their price target on shares of Activision Blizzard from $83.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Needham & Company LLC boosted their price target on shares of Activision Blizzard from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Piper Sandler boosted their price target on shares of Activision Blizzard from $86.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $85.03.
NASDAQ ATVI traded up $2.15 during trading on Thursday, reaching $84.13. The company’s stock had a trading volume of 200,524 shares, compared to its average volume of 7,110,747. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $64.17 billion, a PE ratio of 35.60, a PEG ratio of 1.61 and a beta of 0.63. The business has a 50-day moving average price of $80.62 and a 200-day moving average price of $69.21. Activision Blizzard, Inc. has a 1-year low of $47.16 and a 1-year high of $87.73.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.30. Activision Blizzard had a net margin of 25.96% and a return on equity of 17.66%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.69 billion. As a group, analysts expect that Activision Blizzard, Inc. will post 2.98 earnings per share for the current year.
In other Activision Blizzard news, CAO Jesse Yang bought 400 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average cost of $68.52 per share, for a total transaction of $27,408.00. Following the transaction, the chief accounting officer now owns 700 shares in the company, valued at approximately $47,964. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Claudine Macartney sold 12,902 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $86.06, for a total transaction of $1,110,346.12. The disclosure for this sale can be found here. 1.29% of the stock is owned by corporate 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. 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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