Earnest Partners LLC reduced its stake in Activision Blizzard, Inc. (NASDAQ:ATVI) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 672,833 shares of the company’s stock after selling 8,737 shares during the period. Earnest Partners LLC owned approximately 0.09% of Activision Blizzard worth $42,604,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. increased its stake in Activision Blizzard by 1.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 101,870 shares of the company’s stock worth $6,572,000 after purchasing an additional 1,238 shares during the period. Chicago Equity Partners LLC purchased a new stake in Activision Blizzard during the third quarter worth about $204,000. Zweig DiMenna Associates LLC purchased a new stake in Activision Blizzard during the third quarter worth about $284,000. Retirement Systems of Alabama increased its stake in Activision Blizzard by 8.9% during the third quarter. Retirement Systems of Alabama now owns 366,253 shares of the company’s stock worth $23,627,000 after purchasing an additional 30,071 shares during the period. Finally, CIBC Asset Management Inc increased its stake in Activision Blizzard by 98.4% during the third quarter. CIBC Asset Management Inc now owns 199,371 shares of the company’s stock worth $12,861,000 after purchasing an additional 98,904 shares during the period. Hedge funds and other institutional investors own 85.61% of the company’s stock.
ATVI has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. BidaskClub lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. SunTrust Banks set a $77.00 price target on shares of Activision Blizzard and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Vetr lowered shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $69.79 price target on the stock. in a research note on Monday, January 29th. Finally, TheStreet lowered shares of Activision Blizzard from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Five investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. Activision Blizzard has a consensus rating of “Buy” and an average target price of $75.02.
Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $75.93 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $58,308.43, a P/E ratio of 210.92, a P/E/G ratio of 2.05 and a beta of 1.10. Activision Blizzard, Inc. has a fifty-two week low of $47.80 and a fifty-two week high of $79.63.
Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.55 billion. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 earnings per share. equities analysts anticipate that Activision Blizzard, Inc. will post 2.57 EPS for the current fiscal year.
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Activision Blizzard 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.
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