Croft Leominster Inc. Has $7.69 Million Position in Activision Blizzard, Inc (ATVI)

Croft Leominster Inc. reduced its position in Activision Blizzard, Inc (NASDAQ:ATVI) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,259 shares of the company’s stock after selling 688 shares during the period. Activision Blizzard makes up 1.8% of Croft Leominster Inc.’s portfolio, making the stock its 14th largest position. Croft Leominster Inc.’s holdings in Activision Blizzard were worth $7,691,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of Activision Blizzard during the fourth quarter worth $7,857,000. Dimensional Fund Advisors LP increased its position in shares of Activision Blizzard by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,632,869 shares of the company’s stock worth $95,079,000 after buying an additional 24,172 shares during the period. Baird Financial Group Inc. increased its position in shares of Activision Blizzard by 2.8% in the fourth quarter. Baird Financial Group Inc. now owns 48,759 shares of the company’s stock worth $1,761,000 after buying an additional 1,329 shares during the period. Keybank National Association OH increased its position in shares of Activision Blizzard by 2.1% in the fourth quarter. Keybank National Association OH now owns 21,991 shares of the company’s stock worth $794,000 after buying an additional 461 shares during the period. Finally, Brown Advisory Inc. purchased a new position in shares of Activision Blizzard during the fourth quarter worth $210,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

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

Activision Blizzard, Inc (NASDAQ:ATVI) traded up 0.10% during mid-day trading on Tuesday, hitting $60.38. 2,738,588 shares of the stock traded hands. The firm’s 50-day moving average is $57.07 and its 200-day moving average is $47.08. The company has a market cap of $45.51 billion, a price-to-earnings ratio of 44.30 and a beta of 1.03. Activision Blizzard, Inc has a 12-month low of $35.12 and a 12-month high of $61.10.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.11. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.09 billion. Activision Blizzard had a net margin of 14.63% and a return on equity of 16.90%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. Equities research analysts expect that Activision Blizzard, Inc will post $2.00 EPS for the current year.

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A number of research firms have recently commented on ATVI. William Blair began coverage on shares of Activision Blizzard in a research note on Wednesday, March 1st. They set an “outperform” rating and a $47.64 target price for the company. Vetr cut shares of Activision Blizzard from a “buy” rating to a “hold” rating and set a $49.64 target price for the company. in a research note on Monday, March 6th. Jefferies Group LLC set a $55.00 target price on shares of Activision Blizzard and gave the stock a “buy” rating in a research note on Thursday, March 16th. Macquarie reissued an “outperform” rating and set a $48.00 target price on shares of Activision Blizzard in a research note on Wednesday, March 22nd. Finally, Morgan Stanley boosted their target price on shares of Activision Blizzard from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, March 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $55.90.

In other news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $55.45, for a total transaction of $1,095,747.45. Following the completion of the sale, the chief executive officer now directly owns 55,509 shares in the company, valued at $3,077,974.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brian G. Kelly sold 420,063 shares of Activision Blizzard stock in a transaction dated Tuesday, March 28th. The stock was sold at an average price of $49.90, for a total transaction of $20,961,143.70. The disclosure for this sale can be found here. Insiders own 2.12% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ATVI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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