Amalgamated Bank lowered its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,971 shares of the company’s stock after selling 3,627 shares during the quarter. Amalgamated Bank’s holdings in Activision Blizzard were worth $9,481,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Mission Wealth Management LP grew its stake in Activision Blizzard by 13.5% in the second quarter. Mission Wealth Management LP now owns 6,174 shares of the company’s stock worth $471,000 after purchasing an additional 732 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Activision Blizzard by 13.8% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 6,420 shares of the company’s stock worth $490,000 after buying an additional 780 shares during the period. Beacon Investment Advisory Services Inc. lifted its holdings in Activision Blizzard by 0.7% during the second quarter. Beacon Investment Advisory Services Inc. now owns 120,887 shares of the company’s stock worth $9,226,000 after buying an additional 816 shares during the period. Perennial Advisors LLC lifted its holdings in Activision Blizzard by 5.1% during the second quarter. Perennial Advisors LLC now owns 16,976 shares of the company’s stock worth $1,296,000 after buying an additional 817 shares during the period. Finally, Coastline Trust Co lifted its holdings in Activision Blizzard by 5.4% during the third quarter. Coastline Trust Co now owns 16,020 shares of the company’s stock worth $1,333,000 after buying an additional 820 shares during the period. 89.76% of the stock is currently owned by institutional investors.
Shares of ATVI opened at $47.23 on Friday. Activision Blizzard, Inc. has a 12 month low of $45.50 and a 12 month high of $84.68. The company has a quick ratio of 2.01, a current ratio of 2.09 and a debt-to-equity ratio of 0.25. The firm has a market cap of $35.50 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Thursday, November 8th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). Activision Blizzard had a net margin of 8.07% and a return on equity of 15.44%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the company posted $0.25 EPS. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. Analysts forecast that Activision Blizzard, Inc. will post 2.35 earnings per share for the current year.
A number of analysts have weighed in on the company. Wedbush upped their target price on Activision Blizzard from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 1st. BidaskClub upgraded Activision Blizzard from a “hold” rating to a “buy” rating in a report on Saturday, September 29th. Argus restated a “buy” rating and set a $90.00 target price (up previously from $81.00) on shares of Activision Blizzard in a report on Friday, September 21st. Piper Jaffray Companies restated an “overweight” rating and set a $88.00 target price on shares of Activision Blizzard in a report on Wednesday, September 26th. Finally, Robert W. Baird upped their target price on Activision Blizzard from $81.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $75.38.
TRADEMARK VIOLATION NOTICE: This story was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/12/08/activision-blizzard-inc-atvi-shares-sold-by-amalgamated-bank.html.
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. The company 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.
Featured Article: What is a balanced fund?
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.