First National Bank of Omaha increased its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 40.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,702 shares of the company’s stock after purchasing an additional 25,641 shares during the quarter. First National Bank of Omaha’s holdings in Activision Blizzard were worth $4,747,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Corient Capital Partners LLC lifted its stake in Activision Blizzard by 39.8% during the second quarter. Corient Capital Partners LLC now owns 7,517 shares of the company’s stock worth $354,000 after purchasing an additional 2,141 shares during the last quarter. Arizona State Retirement System lifted its stake in Activision Blizzard by 61.5% in the second quarter. Arizona State Retirement System now owns 236,887 shares of the company’s stock valued at $11,181,000 after buying an additional 90,217 shares during the last quarter. CWM LLC lifted its stake in Activision Blizzard by 1.1% in the second quarter. CWM LLC now owns 58,576 shares of the company’s stock valued at $2,765,000 after buying an additional 661 shares during the last quarter. NBW Capital LLC lifted its stake in Activision Blizzard by 0.5% in the third quarter. NBW Capital LLC now owns 55,247 shares of the company’s stock valued at $2,924,000 after buying an additional 266 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Activision Blizzard by 7.1% in the second quarter. Invesco Ltd. now owns 19,334,866 shares of the company’s stock valued at $912,605,000 after buying an additional 1,289,300 shares during the last quarter. Hedge funds and other institutional investors own 87.37% of the company’s stock.
ATVI traded down $0.44 on Friday, hitting $54.11. The company had a trading volume of 1,076,378 shares, compared to its average volume of 6,970,013. The company’s fifty day moving average price is $54.66 and its 200 day moving average price is $49.25. Activision Blizzard, Inc. has a 1-year low of $39.85 and a 1-year high of $65.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.46 and a quick ratio of 3.43. The stock has a market cap of $42.60 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 2.14 and a beta of 0.87.
Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, November 7th. The company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.09. Activision Blizzard had a return on equity of 15.54% and a net margin of 23.69%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company earned $0.52 EPS. The company’s revenue for the quarter was down 27.1% on a year-over-year basis. On average, sell-side analysts forecast that Activision Blizzard, Inc. will post 2.01 EPS for the current year.
A number of equities research analysts have issued reports on ATVI shares. Stephens upgraded Activision Blizzard from an “equal” rating to a “weight” rating and raised their target price for the company from $52.00 to $65.00 in a research note on Thursday, September 5th. Needham & Company LLC reiterated a “buy” rating and issued a $62.00 target price on shares of Activision Blizzard in a research note on Friday. BidaskClub cut Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 30th. Credit Suisse Group cut their target price on Activision Blizzard from $65.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Stifel Nicolaus raised their target price on Activision Blizzard from $57.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $60.52.
In other Activision Blizzard news, insider Brian M. Stolz sold 134,845 shares of Activision Blizzard stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $47.80, for a total value of $6,445,591.00. Following the transaction, the insider now directly owns 58,563 shares of the company’s stock, valued at approximately $2,799,311.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Christopher B. Walther sold 5,333 shares of Activision Blizzard stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $52.67, for a total value of $280,889.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 145,511 shares of company stock valued at $6,997,557. Corporate insiders own 1.29% of the company’s stock.
Activision Blizzard 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. It 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.
See Also: Overbought
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.