South Dakota Investment Council Continues to Hold Stake in Activision Blizzard, Inc (NASDAQ:ATVI)
South Dakota Investment Council held its stake in Activision Blizzard, Inc (NASDAQ:ATVI) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,400 shares of the company’s stock at the end of the first quarter. South Dakota Investment Council’s holdings in Activision Blizzard were worth $768,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Jennison Associates LLC raised its stake in Activision Blizzard by 110,271.4% in the first quarter. Jennison Associates LLC now owns 12,179,488 shares of the company’s stock valued at $607,269,000 after buying an additional 12,168,453 shares in the last quarter. Egerton Capital UK LLP increased its position in shares of Activision Blizzard by 225.7% in the first quarter. Egerton Capital UK LLP now owns 12,219,008 shares of the company’s stock valued at $609,240,000 after buying an additional 8,467,902 shares during the last quarter. Janus Capital Management LLC increased its position in shares of Activision Blizzard by 54.1% in the fourth quarter. Janus Capital Management LLC now owns 17,377,443 shares of the company’s stock valued at $627,710,000 after buying an additional 6,099,218 shares during the last quarter. Norges Bank acquired a new position in shares of Activision Blizzard during the fourth quarter valued at approximately $165,030,000. Finally, Lone Pine Capital LLC increased its position in shares of Activision Blizzard by 19.4% in the fourth quarter. Lone Pine Capital LLC now owns 20,648,534 shares of the company’s stock valued at $745,619,000 after buying an additional 3,358,970 shares during the last quarter. Institutional investors own 87.35% of the company’s stock.
Shares of Activision Blizzard, Inc (NASDAQ:ATVI) traded up 0.41% during midday trading on Friday, reaching $60.75. 4,551,885 shares of the company traded hands. The company has a 50-day moving average of $58.42 and a 200 day moving average of $48.26. Activision Blizzard, Inc has a 12-month low of $35.12 and a 12-month high of $61.58. The firm has a market capitalization of $45.78 billion, a PE ratio of 44.57 and a beta of 1.07.
Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Thursday, May 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.16 by $0.11. Activision Blizzard had a net margin of 14.63% and a return on equity of 16.90%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, equities analysts forecast that Activision Blizzard, Inc will post $2.00 earnings per share for the current year.
Several brokerages have recently commented on ATVI. UBS AG reissued a “buy” rating and issued a $60.00 target price (up from $57.00) on shares of Activision Blizzard in a report on Friday, May 5th. Wedbush set a $63.00 price objective on Activision Blizzard and gave the stock a “buy” rating in a report on Saturday, May 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $68.00 price objective on shares of Activision Blizzard in a report on Thursday. Vetr downgraded Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $67.48 price target on the stock. in a research note on Wednesday. Finally, Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have issued a buy rating to the stock. Activision Blizzard presently has a consensus rating of “Buy” and an average price target of $58.61.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $55.45, for a total value of $1,095,747.45. Following the transaction, the chief executive officer now owns 55,509 shares of the company’s stock, valued at $3,077,974.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.12% of the stock is currently owned by insiders.
About Activision Blizzard
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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