Activision Blizzard, Inc. (ATVI) Shares Bought by Strs Ohio
Strs Ohio boosted its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 1.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,612,250 shares of the company’s stock after buying an additional 16,856 shares during the period. Strs Ohio’s holdings in Activision Blizzard were worth $102,087,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of ATVI. State Street Corp lifted its stake in shares of Activision Blizzard by 4.7% in the 2nd quarter. State Street Corp now owns 26,680,585 shares of the company’s stock valued at $1,536,010,000 after purchasing an additional 1,197,980 shares in the last quarter. Capital World Investors lifted its stake in shares of Activision Blizzard by 23.8% in the 2nd quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock valued at $1,297,513,000 after purchasing an additional 4,327,000 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Activision Blizzard by 820.8% in the 2nd quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock valued at $1,168,587,000 after purchasing an additional 18,094,334 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Activision Blizzard by 25.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,476,125 shares of the company’s stock valued at $482,285,000 after purchasing an additional 1,523,740 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of Activision Blizzard by 0.5% in the 3rd quarter. Boston Partners now owns 6,778,871 shares of the company’s stock valued at $437,305,000 after purchasing an additional 33,114 shares in the last quarter. 86.63% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $63.64, for a total value of $1,257,590.04. Following the completion of the sale, the chief executive officer now directly owns 41,435 shares in the company, valued at approximately $2,636,923.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.12% of the stock is owned by insiders.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.11. Activision Blizzard had a return on equity of 17.56% and a net margin of 15.90%. equities research analysts anticipate that Activision Blizzard, Inc. will post 2.1 EPS for the current fiscal year.
Several research firms have recently weighed in on ATVI. Jefferies Group lifted their price objective on Activision Blizzard from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Vetr lowered Activision Blizzard from a “buy” rating to a “hold” rating and set a $59.97 price objective on the stock. in a research note on Monday, October 23rd. Hilliard Lyons raised Activision Blizzard from an “underperform” rating to a “neutral” rating in a research note on Wednesday, November 8th. BTIG Research began coverage on Activision Blizzard in a research note on Monday, December 18th. They issued a “buy” rating and a $80.00 price objective on the stock. Finally, Macquarie lifted their price objective on Activision Blizzard from $64.00 to $68.00 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. Seven analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $70.04.
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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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