Activision Blizzard, Inc. (ATVI) Position Trimmed by Toronto Dominion Bank
Toronto Dominion Bank lowered its stake in Activision Blizzard, Inc. (NASDAQ:ATVI) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 492,941 shares of the company’s stock after selling 37,562 shares during the period. Toronto Dominion Bank’s holdings in Activision Blizzard were worth $40,998,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in ATVI. BlackRock Inc. lifted its position in Activision Blizzard by 0.4% during the second quarter. BlackRock Inc. now owns 51,100,165 shares of the company’s stock valued at $3,899,967,000 after buying an additional 209,193 shares during the period. Bank of New York Mellon Corp lifted its position in Activision Blizzard by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 7,884,115 shares of the company’s stock valued at $601,716,000 after buying an additional 241,423 shares during the period. Egerton Capital UK LLP raised its position in shares of Activision Blizzard by 29.1% in the 2nd quarter. Egerton Capital UK LLP now owns 7,286,230 shares of the company’s stock worth $556,085,000 after purchasing an additional 1,642,285 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Activision Blizzard by 5.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,151,670 shares of the company’s stock worth $545,816,000 after purchasing an additional 389,194 shares during the last quarter. Finally, Swedbank raised its position in shares of Activision Blizzard by 6.5% in the 3rd quarter. Swedbank now owns 4,028,926 shares of the company’s stock worth $335,166,000 after purchasing an additional 246,868 shares during the last quarter. Institutional investors and hedge funds own 87.03% of the company’s stock.
Several equities analysts have recently issued reports on ATVI shares. Needham & Company LLC lifted their price target on Activision Blizzard from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Wedbush lifted their price target on Activision Blizzard from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. Bank of America lowered Activision Blizzard from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $84.00 to $77.00 in a research report on Friday, August 31st. BidaskClub raised Activision Blizzard from a “hold” rating to a “buy” rating in a research report on Saturday, September 29th. Finally, BTIG Research lifted their price target on Activision Blizzard from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. Activision Blizzard currently has a consensus rating of “Buy” and a consensus price target of $76.79.
Shares of NASDAQ:ATVI opened at $51.60 on Thursday. Activision Blizzard, Inc. has a fifty-two week low of $51.37 and a fifty-two week high of $84.68. The company has a quick ratio of 2.01, a current ratio of 2.09 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $41.12 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11.
Activision Blizzard (NASDAQ:ATVI) last issued its earnings results on Thursday, November 8th. The company reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.03). Activision Blizzard had a return on equity of 15.44% and a net margin of 8.07%. The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the firm posted $0.25 EPS. Activision Blizzard’s quarterly revenue was down 12.6% compared to the same quarter last year. Sell-side analysts forecast that Activision Blizzard, Inc. will post 2.49 earnings per share for the current year.
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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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