Retirement Systems of Alabama Has $10,291,000 Position in Activision Blizzard Inc. (ATVI)
Retirement Systems of Alabama boosted its position in shares of Activision Blizzard Inc. (NASDAQ:ATVI) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 259,687 shares of the company’s stock after buying an additional 393 shares during the period. Retirement Systems of Alabama’s holdings in Activision Blizzard were worth $10,291,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ATVI. Zurich Insurance Group Ltd FI purchased a new position in Activision Blizzard during the first quarter worth about $2,998,000. Invictus RG raised its position in Activision Blizzard by 1,548.1% in the first quarter. Invictus RG now owns 9,246 shares of the company’s stock worth $313,000 after buying an additional 8,685 shares during the last quarter. Steinberg Global Asset Management raised its position in Activision Blizzard by 61.5% in the first quarter. Steinberg Global Asset Management now owns 33,829 shares of the company’s stock worth $1,145,000 after buying an additional 12,884 shares during the last quarter. Strs Ohio raised its position in Activision Blizzard by 27.7% in the second quarter. Strs Ohio now owns 1,971,849 shares of the company’s stock worth $78,144,000 after buying an additional 427,232 shares during the last quarter. Finally, Sarasin & Partners LLP purchased a new position in Activision Blizzard during the second quarter worth about $2,757,000. Institutional investors and hedge funds own 83.67% of the company’s stock.
Activision Blizzard Inc. (NASDAQ:ATVI) traded down 1.21% on Thursday, hitting $43.99. 6,222,544 shares of the stock traded hands. Activision Blizzard Inc. has a 1-year low of $26.49 and a 1-year high of $45.12. The company has a market cap of $32.62 billion, a price-to-earnings ratio of 44.30 and a beta of 1.09. The stock has a 50-day moving average price of $42.97 and a 200 day moving average price of $39.08.
Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, August 4th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. The firm earned $1.57 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Activision Blizzard had a net margin of 13.95% and a return on equity of 14.49%. The business’s revenue for the quarter was up 112.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 earnings per share. On average, analysts anticipate that Activision Blizzard Inc. will post $1.99 EPS for the current fiscal year.
ATVI has been the topic of several research analyst reports. Vetr lowered shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $40.89 price target on the stock. in a research report on Monday, September 5th. Jefferies Group restated a “buy” rating on shares of Activision Blizzard in a research report on Monday, August 22nd. Cowen and Company restated an “outperform” rating and issued a $45.00 price target on shares of Activision Blizzard in a research report on Tuesday, August 23rd. Morgan Stanley initiated coverage on shares of Activision Blizzard in a research report on Friday, September 23rd. They issued an “overweight” rating and a $56.00 price target on the stock. Finally, Mizuho raised their price target on shares of Activision Blizzard from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, September 6th. Three research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $44.79.
In other news, Director Robert J. Morgado sold 29,999 shares of the stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $43.60, for a total value of $1,307,956.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Thomas Tippl sold 75,000 shares of the stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $43.76, for a total transaction of $3,282,000.00. The disclosure for this sale can be found here. 25.23% of the stock is currently owned by insiders.
Activision Blizzard Company Profile
Activision Blizzard, Inc is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments.
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