Ingalls & Snyder LLC boosted its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 113.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 55,119 shares of the company’s stock after acquiring an additional 29,253 shares during the quarter. Ingalls & Snyder LLC’s holdings in Activision Blizzard were worth $3,275,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. B & T Capital Management DBA Alpha Capital Management acquired a new position in shares of Activision Blizzard in the third quarter valued at approximately $28,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Activision Blizzard in the third quarter valued at approximately $29,000. Quantum Capital Management acquired a new position in shares of Activision Blizzard in the third quarter valued at approximately $33,000. Coastal Investment Advisors Inc. acquired a new position in shares of Activision Blizzard in the third quarter valued at approximately $37,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of Activision Blizzard by 104.0% in the third quarter. Meeder Asset Management Inc. now owns 722 shares of the company’s stock valued at $38,000 after purchasing an additional 368 shares during the period. 88.55% of the stock is currently owned by institutional investors.
Activision Blizzard stock opened at $59.64 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.43 and a quick ratio of 3.38. Activision Blizzard, Inc. has a 1-year low of $39.85 and a 1-year high of $60.88. The company has a market cap of $46.13 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.98 and a beta of 0.83. The stock’s 50 day moving average price is $57.83 and its 200 day moving average price is $53.03.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.09. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.15 billion. Activision Blizzard had a return on equity of 13.91% and a net margin of 23.66%. The company’s revenue for the quarter was down 27.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. On average, equities research analysts anticipate that Activision Blizzard, Inc. will post 2.02 EPS for the current fiscal year.
A number of research firms have recently issued reports on ATVI. Morgan Stanley boosted their target price on Activision Blizzard from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Sanford C. Bernstein lowered Activision Blizzard from a “market perform” rating to an “underperform” rating and boosted their target price for the company from $41.00 to $43.00 in a report on Wednesday, October 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $70.00 target price (up previously from $65.00) on shares of Activision Blizzard in a report on Friday, January 10th. Credit Suisse Group boosted their target price on Activision Blizzard from $67.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, December 31st. Finally, Zacks Investment Research lowered Activision Blizzard from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $60.96.
In other Activision Blizzard news, COO Collister Johnson sold 3,800 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $52.43, for a total transaction of $199,234.00. Following the sale, the chief operating officer now directly owns 280,983 shares in the company, valued at $14,731,938.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.29% of the stock is currently owned by insiders.
Activision Blizzard Company Profile
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. It 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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