Activision Blizzard, Inc (ATVI) Shares Bought by State Treasurer State of Michigan
State Treasurer State of Michigan increased its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 227,844 shares of the company’s stock after buying an additional 600 shares during the period. State Treasurer State of Michigan’s holdings in Activision Blizzard were worth $13,117,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its position in shares of Activision Blizzard by 1.9% in the first quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock valued at $133,000 after buying an additional 51 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Activision Blizzard by 504.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,023 shares of the company’s stock valued at $151,000 after buying an additional 2,523 shares in the last quarter. Family Legacy Inc. bought a new position in shares of Activision Blizzard during the second quarter valued at about $232,000. Stratos Wealth Partners LTD. bought a new position in shares of Activision Blizzard during the first quarter valued at about $202,000. Finally, Two Sigma Securities LLC bought a new position in shares of Activision Blizzard during the first quarter valued at about $208,000. Institutional investors own 87.45% of the company’s stock.
Shares of Activision Blizzard, Inc (NASDAQ ATVI) traded up 0.08% during mid-day trading on Thursday, hitting $61.38. 1,397,602 shares of the stock were exchanged. The company has a market cap of $46.26 billion, a P/E ratio of 45.03 and a beta of 1.07. The stock’s 50-day moving average price is $59.22 and its 200-day moving average price is $50.46. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $62.39. Activision Blizzard also saw unusually large options trading activity on Monday. Stock investors bought 16,616 call options on the stock. This is an increase of approximately 241% compared to the average daily volume of 4,866 call options.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.16 by $0.11. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.09 billion. Activision Blizzard had a net margin of 14.63% and a return on equity of 16.90%. The firm’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. Equities research analysts anticipate that Activision Blizzard, Inc will post $2.00 earnings per share for the current fiscal year.
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Several brokerages recently issued reports on ATVI. UBS AG reiterated a “buy” rating and set a $60.00 price target (up previously from $57.00) on shares of Activision Blizzard in a research report on Friday, May 5th. Wedbush set a $63.00 price target on shares of Activision Blizzard and gave the company a “buy” rating in a research report on Saturday, May 6th. Jefferies Group LLC reiterated a “buy” rating and set a $68.00 price target on shares of Activision Blizzard in a research report on Thursday, July 13th. Piper Jaffray Companies reiterated an “overweight” rating on shares of Activision Blizzard in a research report on Tuesday. Finally, Vetr cut shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $67.48 price target on the stock. in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-two have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $59.78.
In related news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $55.45, for a total value of $1,095,747.45. Following the completion of the sale, the chief executive officer now owns 55,509 shares of the company’s stock, valued at approximately $3,077,974.05. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.12% of the stock is currently owned by insiders.
Activision Blizzard Company 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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