Wedbush Securities Inc. boosted its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 21.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,519 shares of the company’s stock after buying an additional 2,035 shares during the quarter. Wedbush Securities Inc.’s holdings in Activision Blizzard were worth $729,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Macquarie Group Ltd. grew its position in Activision Blizzard by 0.4% in the second quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock worth $711,000 after buying an additional 45 shares during the last quarter. Checchi Capital Advisers LLC grew its position in Activision Blizzard by 13.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,437 shares of the company’s stock worth $408,000 after buying an additional 769 shares during the last quarter. CI Global Investments Inc. grew its position in Activision Blizzard by 1.1% in the fourth quarter. CI Global Investments Inc. now owns 69,123 shares of the company’s stock worth $4,377,000 after buying an additional 780 shares during the last quarter. Jackson Wealth Management LLC boosted its stake in Activision Blizzard by 6.6% in the 4th quarter. Jackson Wealth Management LLC now owns 12,744 shares of the company’s stock worth $844,000 after purchasing an additional 788 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Activision Blizzard by 20.8% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,640 shares of the company’s stock worth $299,000 after purchasing an additional 800 shares during the period. Hedge funds and other institutional investors own 86.06% of the company’s stock.
Shares of Activision Blizzard, Inc. (NASDAQ ATVI) opened at $70.84 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.46. Activision Blizzard, Inc. has a 52 week low of $44.60 and a 52 week high of $74.94. The stock has a market cap of $53,070.63, a price-to-earnings ratio of 196.78, a P/E/G ratio of 1.87 and a beta of 1.11.
Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.02. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the business earned $0.65 EPS. Activision Blizzard’s quarterly revenue was up 7.7% compared to the same quarter last year. research analysts forecast that Activision Blizzard, Inc. will post 2.57 earnings per share for the current year.
A number of equities analysts recently commented on the stock. Argus raised their price objective on shares of Activision Blizzard from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Zacks Investment Research lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. TheStreet lowered shares of Activision Blizzard from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Vetr raised shares of Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $75.74 price objective for the company in a research note on Monday, February 12th. Finally, Barclays set a $70.00 price objective on shares of Activision Blizzard and gave the stock a “hold” rating in a research note on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $73.08.
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Activision Blizzard Company 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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