Teachers Advisors LLC boosted its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,485,195 shares of the company’s stock after purchasing an additional 260,079 shares during the quarter. Teachers Advisors LLC owned 0.33% of Activision Blizzard worth $157,363,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC acquired a new position in shares of Activision Blizzard in the 4th quarter valued at $125,000. Goodman Financial Corp acquired a new position in shares of Activision Blizzard in the 4th quarter valued at $127,000. Grove Bank & Trust raised its stake in shares of Activision Blizzard by 261.7% in the 3rd quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock valued at $140,000 after buying an additional 1,570 shares in the last quarter. James Hambro & Partners acquired a new position in shares of Activision Blizzard in the 4th quarter valued at $184,000. Finally, Exane Derivatives raised its stake in shares of Activision Blizzard by 15,900.0% in the 4th quarter. Exane Derivatives now owns 3,040 shares of the company’s stock valued at $192,000 after buying an additional 3,021 shares in the last quarter. Hedge funds and other institutional investors own 85.61% of the company’s stock.
A number of brokerages have recently issued reports on ATVI. Vetr cut shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $83.48 price objective for the company. in a research note on Monday. Citigroup restated a “positive” rating and issued a $87.00 price objective (up previously from $78.00) on shares of Activision Blizzard in a research note on Monday. TheStreet lowered shares of Activision Blizzard from a “b” rating to a “c+” rating in a report on Thursday, February 8th. Wedbush set a $81.00 target price on shares of Activision Blizzard and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Activision Blizzard in a report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Activision Blizzard currently has an average rating of “Buy” and an average price target of $74.95.
Activision Blizzard (NASDAQ:ATVI) last issued its earnings results on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.02. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.55 billion. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. sell-side analysts expect that Activision Blizzard, Inc. will post 2.57 earnings per share for the current fiscal year.
In other news, Director Robert J. Corti sold 88,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $69.88, for a total value of $6,149,440.00. Following the transaction, the director now owns 129,562 shares of the company’s stock, valued at approximately $9,053,792.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian G. Kelly sold 1,700,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $70.65, for a total transaction of $120,105,000.00. Following the completion of the transaction, the director now directly owns 69,474 shares in the company, valued at approximately $4,908,338.10. The disclosure for this sale can be found here. Insiders sold a total of 2,608,282 shares of company stock worth $184,660,583 in the last ninety days. Insiders own 2.12% of the company’s stock.
Activision Blizzard Company Profile
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision Blizzard, Inc. (NASDAQ:ATVI).
Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.