TIAA CREF Investment Management LLC grew its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,184,150 shares of the company’s stock after purchasing an additional 305,212 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.69% of Activision Blizzard worth $328,260,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. SeaCrest Wealth Management LLC bought a new stake in shares of Activision Blizzard in the 4th quarter valued at about $125,000. Goodman Financial Corp bought a new position in shares of Activision Blizzard during the 4th quarter worth approximately $127,000. Grove Bank & Trust raised its stake in shares of Activision Blizzard by 261.7% during the 3rd quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock worth $140,000 after acquiring an additional 1,570 shares in the last quarter. James Hambro & Partners bought a new position in shares of Activision Blizzard during the 4th quarter worth approximately $184,000. Finally, Exane Derivatives raised its stake in shares of Activision Blizzard by 15,900.0% during the 4th quarter. Exane Derivatives now owns 3,040 shares of the company’s stock worth $192,000 after acquiring an additional 3,021 shares in the last quarter. Institutional investors and hedge funds own 85.61% of the company’s stock.
In other news, Director Brian G. Kelly sold 1,700,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $70.65, for a total value of $120,105,000.00. Following the sale, the director now directly owns 69,474 shares of the company’s stock, valued at approximately $4,908,338.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.99, for a total transaction of $1,402,833.39. Following the completion of the sale, the chief executive officer now directly owns 34,398 shares in the company, valued at $2,441,914.02. 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 over the last ninety days. Insiders own 2.12% of the company’s stock.
Shares of Activision Blizzard, Inc. (NASDAQ ATVI) opened at $75.93 on Wednesday. The company has a market cap of $58,308.43, a price-to-earnings ratio of 210.92, a PEG ratio of 2.05 and a beta of 1.10. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. Activision Blizzard, Inc. has a twelve month low of $47.80 and a twelve month high of $79.63.
Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.94 EPS for the quarter, beating the 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 business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. sell-side analysts predict that Activision Blizzard, Inc. will post 2.57 earnings per share for the current fiscal 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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