RDL Financial Inc. decreased its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 16.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,824 shares of the company’s stock after selling 4,222 shares during the period. RDL Financial Inc.’s holdings in Activision Blizzard were worth $1,319,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in ATVI. BlackRock Inc. lifted its stake in shares of Activision Blizzard by 5.8% in the 4th quarter. BlackRock Inc. now owns 54,967,203 shares of the company’s stock worth $3,480,525,000 after purchasing an additional 2,992,193 shares during the period. Egerton Capital UK LLP lifted its stake in shares of Activision Blizzard by 22.0% in the 4th quarter. Egerton Capital UK LLP now owns 11,051,017 shares of the company’s stock worth $699,750,000 after purchasing an additional 1,991,213 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Activision Blizzard by 7.4% in the 4th quarter. Bank of New York Mellon Corp now owns 8,026,958 shares of the company’s stock worth $508,266,000 after purchasing an additional 550,833 shares during the period. Boston Partners increased its holdings in Activision Blizzard by 0.5% in the 3rd quarter. Boston Partners now owns 6,778,871 shares of the company’s stock worth $437,305,000 after acquiring an additional 33,114 shares in the last quarter. Finally, Carmignac Gestion increased its holdings in Activision Blizzard by 0.5% in the 3rd quarter. Carmignac Gestion now owns 5,920,188 shares of the company’s stock worth $381,911,000 after acquiring an additional 26,761 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.
Several equities research analysts recently issued reports on ATVI shares. Zacks Investment Research lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating in a report on Monday, January 8th. BidaskClub lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. SunTrust Banks set a $77.00 price objective on shares of Activision Blizzard and gave the company a “buy” rating in a report on Wednesday, January 24th. Vetr lowered shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $69.79 target price for the company. in a report on Monday, January 29th. Finally, TheStreet lowered shares of Activision Blizzard from a “b” rating to a “c+” rating in a report on Thursday, February 8th. Six investment 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. The company has an average rating of “Buy” and an average target price of $73.25.
Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.92 by $0.02. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.55 billion. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 earnings per share. equities research analysts predict that Activision Blizzard, Inc. will post 2.57 EPS for the current year.
In other news, Director Robert J. Corti sold 88,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $69.88, for a total transaction of $6,149,440.00. Following the transaction, the director now owns 129,562 shares in the company, valued at $9,053,792.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.99, for a total value of $1,402,833.39. Following the transaction, the chief executive officer now owns 34,398 shares in the company, valued at approximately $2,441,914.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,487,761 shares of company stock worth $175,937,273. Insiders own 2.12% of the company’s stock.
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Activision Blizzard 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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