Van ECK Associates Corp raised its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 87.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,451 shares of the company’s stock after purchasing an additional 8,138 shares during the period. Van ECK Associates Corp’s holdings in Activision Blizzard were worth $813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. increased its position in shares of Activision Blizzard by 8.7% during the third quarter. Russell Investments Group Ltd. now owns 128,146 shares of the company’s stock worth $10,639,000 after purchasing an additional 10,208 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Activision Blizzard by 5.7% during the third quarter. Janney Montgomery Scott LLC now owns 54,801 shares of the company’s stock worth $4,559,000 after purchasing an additional 2,934 shares in the last quarter. Dupont Capital Management Corp increased its position in shares of Activision Blizzard by 28.4% during the third quarter. Dupont Capital Management Corp now owns 22,313 shares of the company’s stock worth $1,856,000 after purchasing an additional 4,934 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Activision Blizzard by 8.5% during the third quarter. Commonwealth Equity Services LLC now owns 51,090 shares of the company’s stock worth $4,250,000 after purchasing an additional 3,989 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of Activision Blizzard during the third quarter worth $1,325,000. 88.21% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on ATVI. Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Wednesday, November 14th. SunTrust Banks set a $65.00 target price on Activision Blizzard and gave the company a “buy” rating in a research report on Thursday, November 15th. BidaskClub downgraded Activision Blizzard from a “sell” rating to a “strong sell” rating in a research report on Friday, November 16th. Gabelli began coverage on Activision Blizzard in a research report on Tuesday, December 4th. They issued a “buy” rating and a $64.00 target price on the stock. Finally, JPMorgan Chase & Co. raised Activision Blizzard from a “neutral” rating to an “overweight” rating and cut their target price for the company from $72.00 to $66.00 in a research report on Thursday, December 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Activision Blizzard currently has a consensus rating of “Buy” and a consensus target price of $62.65.
Shares of ATVI opened at $43.70 on Thursday. The stock has a market cap of $32.56 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 2.04 and a beta of 0.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.29 and a current ratio of 2.31. Activision Blizzard, Inc. has a fifty-two week low of $39.85 and a fifty-two week high of $84.68.
Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings results on Tuesday, February 12th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.08. The company had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $3.04 billion. Activision Blizzard had a return on equity of 17.55% and a net margin of 24.16%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $0.94 EPS. On average, analysts expect that Activision Blizzard, Inc. will post 1.98 EPS for the current year.
The business also recently declared an annual dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.37 per share. This is an increase from Activision Blizzard’s previous annual dividend of $0.34. This represents a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, March 27th. Activision Blizzard’s dividend payout ratio (DPR) is currently 14.23%.
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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