ETRADE Capital Management LLC Has $699,000 Stake in Activision Blizzard, Inc. (ATVI)
ETRADE Capital Management LLC grew its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 241.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,038 shares of the company’s stock after buying an additional 7,808 shares during the quarter. ETRADE Capital Management LLC’s holdings in Activision Blizzard were worth $699,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Activision Blizzard by 5.8% during the fourth quarter. BlackRock Inc. now owns 54,967,203 shares of the company’s stock valued at $3,480,525,000 after buying an additional 2,992,193 shares during the last quarter. Egerton Capital UK LLP grew its stake in Activision Blizzard by 22.0% in the fourth quarter. Egerton Capital UK LLP now owns 11,051,017 shares of the company’s stock worth $699,750,000 after purchasing an additional 1,991,213 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Activision Blizzard by 7.4% in the fourth quarter. Bank of New York Mellon Corp now owns 8,026,958 shares of the company’s stock worth $508,266,000 after purchasing an additional 550,833 shares in the last quarter. Geode Capital Management LLC grew its stake in Activision Blizzard by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 7,790,249 shares of the company’s stock worth $492,227,000 after purchasing an additional 252,340 shares in the last quarter. Finally, Carmignac Gestion grew its stake in Activision Blizzard by 0.5% in the third quarter. Carmignac Gestion now owns 5,920,188 shares of the company’s stock worth $381,911,000 after purchasing an additional 26,761 shares in the last quarter. 85.09% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Robert J. Corti sold 88,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $69.88, for a total transaction of $6,149,440.00. Following the completion of the sale, the director now owns 129,562 shares in the company, valued at approximately $9,053,792.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.99, for a total value of $1,402,833.39. Following the sale, the chief executive officer now owns 34,398 shares of the company’s stock, valued at approximately $2,441,914.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,608,282 shares of company stock valued at $184,660,583. Company insiders own 2.12% of the company’s stock.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.92 by $0.02. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. sell-side analysts expect that Activision Blizzard, Inc. will post 2.57 earnings per share for the current year.
Several research analysts recently issued reports on ATVI shares. BidaskClub raised Activision Blizzard from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. BTIG Research started coverage on Activision Blizzard in a research note on Monday, December 18th. They issued a “buy” rating and a $80.00 price objective on the stock. Goldman Sachs Group raised Activision Blizzard from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 12th. Vetr raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $62.29 price objective on the stock in a research note on Tuesday, December 5th. Finally, Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Tuesday, January 2nd. Six equities research analysts have rated the stock with a hold rating, twenty-four have assigned 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 $74.52.
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Activision Blizzard Profile
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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