Activision Blizzard, Inc. (ATVI) Shares Bought by Traynor Capital Management Inc.
Traynor Capital Management Inc. grew its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 35.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,034 shares of the company’s stock after buying an additional 7,849 shares during the quarter. Activision Blizzard accounts for approximately 0.8% of Traynor Capital Management Inc.’s portfolio, making the stock its 28th largest holding. Traynor Capital Management Inc.’s holdings in Activision Blizzard were worth $1,901,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. QS Investors LLC grew its stake in shares of Activision Blizzard by 15.3% in the second quarter. QS Investors LLC now owns 20,396 shares of the company’s stock worth $1,174,000 after purchasing an additional 2,700 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Activision Blizzard by 25.6% during the second quarter. HighTower Advisors LLC now owns 33,850 shares of the company’s stock valued at $1,952,000 after purchasing an additional 6,901 shares during the last quarter. AHL Partners LLP lifted its holdings in shares of Activision Blizzard by 113.7% during the second quarter. AHL Partners LLP now owns 145,635 shares of the company’s stock valued at $8,385,000 after purchasing an additional 77,497 shares during the last quarter. Sii Investments Inc. WI purchased a new position in shares of Activision Blizzard during the second quarter valued at approximately $257,000. Finally, Macquarie Group Ltd. lifted its holdings in shares of Activision Blizzard by 0.4% during the second quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock valued at $711,000 after purchasing an additional 45 shares during the last quarter. 86.92% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the stock. Wedbush set a $75.00 target price on shares of Activision Blizzard and gave the stock a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 target price on the stock in a research note on Friday, October 27th. Vetr upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.58 price target on the stock in a research note on Tuesday, October 10th. Cowen cut shares of Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 target price on the stock. in a research report on Monday, October 9th. Finally, UBS Group upped their target price on shares of Activision Blizzard from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Activision Blizzard has a consensus rating of “Buy” and an average target price of $70.77.
Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.11. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.74 billion. Activision Blizzard had a net margin of 15.90% and a return on equity of 17.56%. equities analysts anticipate that Activision Blizzard, Inc. will post 2.11 EPS for the current year.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the completion of the transaction, the chief executive officer now owns 41,435 shares in the company, valued at approximately $2,636,923.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.12% of the stock is currently owned by corporate insiders.
About Activision Blizzard
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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