Sarasin & Partners LLP Acquires 696,120 Shares of Activision Blizzard Inc. (ATVI)
Sarasin & Partners LLP increased its position in Activision Blizzard Inc. (NASDAQ:ATVI) by 1,000.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 765,678 shares of the company’s stock after buying an additional 696,120 shares during the period. Sarasin & Partners LLP’s holdings in Activision Blizzard were worth $33,920,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in ATVI. Calamos Advisors LLC acquired a new position in shares of Activision Blizzard during the second quarter worth about $45,970,000. Exxonmobil Investment Management Inc. TX raised its position in shares of Activision Blizzard by 32.1% in the third quarter. Exxonmobil Investment Management Inc. TX now owns 174,177 shares of the company’s stock worth $7,716,000 after buying an additional 42,325 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Activision Blizzard by 30.7% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 571,527 shares of the company’s stock worth $25,318,000 after buying an additional 134,093 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Activision Blizzard by 478.2% in the third quarter. BNP Paribas Arbitrage SA now owns 443,292 shares of the company’s stock worth $19,638,000 after buying an additional 366,622 shares during the last quarter. Finally, Standard Life Investments LTD raised its position in shares of Activision Blizzard by 2.8% in the second quarter. Standard Life Investments LTD now owns 6,733,500 shares of the company’s stock worth $266,950,000 after buying an additional 186,318 shares during the last quarter. Hedge funds and other institutional investors own 85.46% of the company’s stock.
Shares of Activision Blizzard Inc. (NASDAQ:ATVI) traded down 1.963% during midday trading on Wednesday, hitting $37.205. The stock had a trading volume of 1,984,188 shares. The firm has a market capitalization of $27.65 billion, a PE ratio of 32.296 and a beta of 1.11. The firm’s 50-day moving average price is $41.55 and its 200-day moving average price is $41.00. Activision Blizzard Inc. has a one year low of $26.49 and a one year high of $45.55.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.07. Activision Blizzard had a return on equity of 16.63% and a net margin of 13.81%. The firm earned $1.57 billion during the quarter, compared to the consensus estimate of $6.54 billion. During the same quarter in the previous year, the company posted $0.21 EPS. The business’s revenue for the quarter was up 58.4% compared to the same quarter last year. On average, equities analysts predict that Activision Blizzard Inc. will post $2.06 EPS for the current year.
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Several research firms recently issued reports on ATVI. Vetr lowered 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. Morgan Stanley began coverage on Activision Blizzard in a research report on Friday, September 23rd. They set an “overweight” rating and a $56.00 price target on the stock. Robert W. Baird reissued an “outperform” rating and set a $46.00 price target on shares of Activision Blizzard in a research report on Thursday, September 8th. Jefferies Group reissued a “buy” rating on shares of Activision Blizzard in a research report on Monday, August 22nd. Finally, Wedbush upped their price target on Activision Blizzard from $48.00 to $53.00 and gave the company an “outperform” rating in a research report on Friday, November 4th. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.75.
In other Activision Blizzard news, insider Christopher B. Walther sold 45,574 shares of Activision Blizzard stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $42.73, for a total value of $1,947,377.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $40.09, for a total value of $792,218.49. Following the completion of the transaction, the chief executive officer now owns 69,583 shares of the company’s stock, valued at approximately $2,789,582.47. The disclosure for this sale can be found here. 25.23% of the stock is owned by company 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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