Teachers Retirement System of The State of Kentucky boosted its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 11.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 219,937 shares of the company’s stock after purchasing an additional 23,200 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Activision Blizzard were worth $13,926,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ATVI. SeaCrest Wealth Management LLC acquired a new position in Activision Blizzard during the fourth quarter valued at approximately $125,000. Goodman Financial Corp bought a new position in Activision Blizzard in the fourth quarter valued at approximately $127,000. Grove Bank & Trust lifted its stake in Activision Blizzard by 261.7% in the third 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 bought a new position in Activision Blizzard in the fourth quarter valued at approximately $184,000. Finally, Exane Derivatives lifted its stake in Activision Blizzard by 15,900.0% in the fourth 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 research analysts have weighed in on the stock. Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Tuesday. Vetr lowered shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $83.48 price target on the stock. in a research note on Monday. ValuEngine raised shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Citigroup reaffirmed a “positive” rating and issued a $87.00 price target (up previously from $78.00) on shares of Activision Blizzard in a research note on Monday. Finally, BidaskClub raised shares of Activision Blizzard from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Five equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. Activision Blizzard has an average rating of “Buy” and a consensus price target of $75.02.
Activision Blizzard, Inc. (NASDAQ ATVI) opened at $75.93 on Wednesday. The firm has a market cap of $58,308.43, a price-to-earnings 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. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.46.
Activision Blizzard (NASDAQ:ATVI) last issued its earnings results on Thursday, February 8th. The company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.55 billion. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share. analysts anticipate that Activision Blizzard, Inc. will post 2.57 EPS for the current year.
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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.
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