Bokf Na lessened its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 65.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,785 shares of the company’s stock after selling 62,434 shares during the quarter. Bokf Na’s holdings in Activision Blizzard were worth $1,526,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC purchased a new stake in shares of Activision Blizzard during the 4th quarter valued at approximately $37,000. Lindbrook Capital LLC purchased a new stake in shares of Activision Blizzard during the 4th quarter valued at approximately $37,000. IMS Capital Management purchased a new stake in shares of Activision Blizzard during the 3rd quarter valued at approximately $69,000. Pearl River Capital LLC purchased a new stake in shares of Activision Blizzard during the 4th quarter valued at approximately $41,000. Finally, Ipswich Investment Management Co. Inc. purchased a new stake in shares of Activision Blizzard during the 4th quarter valued at approximately $45,000. 88.21% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ ATVI opened at $44.63 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.31 and a quick ratio of 2.29. Activision Blizzard, Inc. has a 1 year low of $39.85 and a 1 year high of $84.68. The firm has a market capitalization of $33.38 billion, a price-to-earnings ratio of 18.67, a P/E/G ratio of 2.04 and a beta of 0.82.
Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings data on Tuesday, February 12th. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.08. Activision Blizzard had a net margin of 24.16% and a return on equity of 17.55%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. Activision Blizzard’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that Activision Blizzard, Inc. will post 1.98 EPS for the current fiscal year.
The business also recently disclosed an annual dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, March 28th will be paid a $0.37 dividend. This represents a yield of 0.83%. The ex-dividend date is Wednesday, March 27th. This is an increase from Activision Blizzard’s previous annual dividend of $0.34. Activision Blizzard’s dividend payout ratio is currently 14.23%.
In other Activision Blizzard news, Director Robert J. Morgado sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $42.91, for a total value of $643,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.29% of the company’s stock.
Several research firms have recently commented on ATVI. Piper Jaffray Companies reduced their price target on shares of Activision Blizzard to $55.00 and set an “overweight” rating on the stock in a research report on Friday, January 11th. KeyCorp reduced their price target on shares of Activision Blizzard from $80.00 to $64.00 and set an “overweight” rating on the stock in a research report on Friday, January 11th. Benchmark reduced their price target on shares of Activision Blizzard from $93.00 to $87.00 and set a “buy” rating on the stock in a research report on Friday, January 11th. Stephens began coverage on Activision Blizzard in a research report on Thursday, January 10th. They issued an “overweight” rating and a $65.00 target price on the stock. Finally, BidaskClub raised Activision Blizzard from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nineteen have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $61.89.
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About Activision Blizzard
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.
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