Stanley Laman Group Ltd. Increases Stake in Activision Blizzard, Inc. (ATVI)

Stanley Laman Group Ltd. lifted its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,416 shares of the company’s stock after purchasing an additional 2,150 shares during the period. Activision Blizzard accounts for approximately 1.4% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 10th biggest holding. Stanley Laman Group Ltd.’s holdings in Activision Blizzard were worth $6,485,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. grew its position in Activision Blizzard by 94.4% during the third quarter. Oppenheimer & Co. Inc. now owns 66,349 shares of the company’s stock worth $4,280,000 after buying an additional 32,224 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in Activision Blizzard during the third quarter worth approximately $881,000. State Board of Administration of Florida Retirement System grew its position in Activision Blizzard by 3.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 1,005,178 shares of the company’s stock worth $64,844,000 after buying an additional 34,070 shares in the last quarter. Highstreet Asset Management Inc. grew its position in Activision Blizzard by 23.6% during the third quarter. Highstreet Asset Management Inc. now owns 11,282 shares of the company’s stock worth $728,000 after buying an additional 2,151 shares in the last quarter. Finally, Carmignac Gestion grew its position in Activision Blizzard by 0.5% during the third quarter. Carmignac Gestion now owns 5,920,188 shares of the company’s stock worth $381,911,000 after buying an additional 26,761 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Activision Blizzard from a “buy” rating to a “hold” rating in a report on Monday, January 8th. BidaskClub downgraded Activision Blizzard from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. SunTrust Banks set a $77.00 target price on Activision Blizzard and gave the company a “buy” rating in a report on Wednesday, January 24th. Vetr downgraded Activision Blizzard from a “hold” rating to a “sell” rating and set a $69.79 target price on the stock. in a report on Monday, January 29th. Finally, TheStreet downgraded Activision Blizzard from a “b” rating to a “c+” rating in a report on Thursday, February 8th. Six research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $73.08.

Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $70.19 on Monday. The stock has a market capitalization of $53,070.63, a price-to-earnings ratio of 194.97, a P/E/G ratio of 1.87 and a beta of 1.11. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.46. Activision Blizzard, Inc. has a 12-month low of $44.60 and a 12-month high of $74.94.

Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.02. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.55 billion. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. Activision Blizzard’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. equities research analysts anticipate that Activision Blizzard, Inc. will post 2.57 earnings per share for the current year.

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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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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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