Activision Blizzard Inc. (ATVI) Position Decreased by Swiss National Bank
Swiss National Bank cut its stake in shares of Activision Blizzard Inc. (NASDAQ:ATVI) by 0.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,633,134 shares of the company’s stock after selling 6,500 shares during the period. Swiss National Bank owned 0.22% of Activision Blizzard worth $72,348,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the stock. Physicians Financial Services Inc. boosted its stake in Activision Blizzard by 21.7% in the third quarter. Physicians Financial Services Inc. now owns 2,808 shares of the company’s stock valued at $124,000 after buying an additional 500 shares in the last quarter. Advisory Services Network LLC increased its position in Activision Blizzard by 24.0% in the third quarter. Advisory Services Network LLC now owns 3,669 shares of the company’s stock valued at $163,000 after buying an additional 711 shares during the last quarter. Synovus Financial Corp purchased a new position in Activision Blizzard during the third quarter valued at $163,000. Bronfman E.L. Rothschild L.P. increased its position in Activision Blizzard by 0.5% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,879 shares of the company’s stock valued at $216,000 after buying an additional 24 shares during the last quarter. Finally, Berkshire Asset Management LLC PA purchased a new position in Activision Blizzard during the third quarter valued at $217,000. 85.46% of the stock is owned by institutional investors and hedge funds.
Activision Blizzard Inc. (NASDAQ:ATVI) opened at 37.95 on Wednesday. Activision Blizzard Inc. has a 1-year low of $26.49 and a 1-year high of $45.55. The company has a 50 day moving average price of $41.55 and a 200 day moving average price of $41.00. The firm has a market cap of $28.20 billion, a PE ratio of 32.94 and a beta of 1.11.
Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, November 3rd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.07. Activision Blizzard had a net margin of 13.81% and a return on equity of 16.63%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same period in the previous year, the business earned $0.21 EPS. The company’s revenue was up 58.4% on a year-over-year basis. On average, equities research analysts forecast that Activision Blizzard Inc. will post $2.06 earnings per share for the current year.
Several research firms recently weighed in on ATVI. Robert W. Baird reaffirmed an “outperform” rating and issued a $46.00 price objective (up from $43.00) on shares of Activision Blizzard in a research note on Sunday, August 7th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $38.00 price objective on shares of Activision Blizzard in a research note on Wednesday, August 10th. Barclays PLC raised their price objective on Activision Blizzard from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, August 5th. Stifel Nicolaus raised their price target on Activision Blizzard from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Finally, Piper Jaffray Cos. raised their price target on Activision Blizzard from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, August 5th. Three research analysts have rated the stock with a hold rating, eighteen 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 an average price target of $46.75.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $40.09, for a total value of $792,218.49. Following the transaction, the chief executive officer now directly owns 69,583 shares of the company’s stock, valued at $2,789,582.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Thomas Tippl sold 75,000 shares of the company’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $43.76, for a total transaction of $3,282,000.00. The disclosure for this sale can be found here. 25.23% of the stock is currently owned by insiders.
About Activision Blizzard
Activision Blizzard, Inc is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments.
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