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Patrick Bannon 2021-05-31 11:05

Activision Blizzard logo Rafferty Asset Management LLC trimmed its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,459 shares of the company’s stock after selling 1,572 shares during the quarter. Rafferty Asset Management LLC’s holdings in Activision Blizzard were worth $4,042,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Ingalls & Snyder LLC lifted its position in shares of Activision Blizzard by 2.6% during the first quarter. Ingalls & Snyder LLC now owns 87,788 shares of the company’s stock worth $8,164,000 after purchasing an additional 2,249 shares during the last quarter. Bogart Wealth LLC lifted its position in shares of Activision Blizzard by 34.1% during the first quarter. Bogart Wealth LLC now owns 24,372 shares of the company’s stock worth $2,267,000 after purchasing an additional 6,199 shares during the last quarter. CX Institutional raised its holdings in shares of Activision Blizzard by 3,930.7% in the first quarter. CX Institutional now owns 40,750 shares of the company’s stock valued at $3,790,000 after acquiring an additional 39,739 shares in the last quarter. Standard Life Aberdeen plc raised its holdings in shares of Activision Blizzard by 80.3% in the first quarter. Standard Life Aberdeen plc now owns 2,247,341 shares of the company’s stock valued at $209,024,000 after acquiring an additional 1,000,699 shares in the last quarter. Finally, Harvest Volatility Management LLC raised its holdings in shares of Activision Blizzard by 62.2% in the first quarter. Harvest Volatility Management LLC now owns 16,824 shares of the company’s stock valued at $1,565,000 after acquiring an additional 6,450 shares in the last quarter. Institutional investors and hedge funds own 85.91% of the company’s stock.

Shares of NASDAQ:ATVI opened at $97.25 on Monday. Activision Blizzard, Inc. has a 12-month low of $67.40 and a 12-month high of $104.53. The company has a market capitalization of $75.56 billion, a PE ratio of 32.74, a PEG ratio of 1.56 and a beta of 0.62. The business has a 50 day moving average of $94.26 and a two-hundred day moving average of $91.30. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.24.

Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Monday, May 3rd. The company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.19. The business had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $1.77 billion. Activision Blizzard had a return on equity of 18.18% and a net margin of 26.95%. The business’s quarterly revenue was up 36.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS. Equities research analysts predict that Activision Blizzard, Inc. will post 3.42 earnings per share for the current fiscal year.

Several analysts recently weighed in on ATVI shares. Truist lifted their price objective on Activision Blizzard from $90.00 to $100.00 in a report on Tuesday, February 2nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Activision Blizzard from $115.00 to $118.00 and gave the company a “buy” rating in a report on Monday, May 10th. Jefferies Financial Group initiated coverage on Activision Blizzard in a report on Friday, April 23rd. They issued a “buy” rating and a $120.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Activision Blizzard from $101.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, February 5th. Finally, Benchmark lifted their target price on Activision Blizzard from $118.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, May 3rd. Two research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $109.64.

In related news, insider Christopher B. Walther sold 45,030 shares of the stock in a transaction on Monday, March 15th. The stock was sold at an average price of $91.98, for a total value of $4,141,859.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter J. Nolan acquired 5,000 shares of Activision Blizzard stock in a transaction that occurred on Thursday, May 6th. The stock was purchased at an average cost of $93.42 per share, with a total value of $467,100.00. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 22,000 shares of company stock valued at $2,089,120. 1.29% of the stock is owned by corporate insiders.

Activision Blizzard Company Profile

Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment.