First Republic Investment Management Inc. Has $734,000 Holdings in Activision Blizzard, Inc. (ATVI)
First Republic Investment Management Inc. cut its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 21.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,582 shares of the company’s stock after selling 3,245 shares during the period. First Republic Investment Management Inc.’s holdings in Activision Blizzard were worth $734,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of ATVI. BlackRock Inc. raised its stake in Activision Blizzard by 5.8% in the fourth quarter. BlackRock Inc. now owns 54,967,203 shares of the company’s stock valued at $3,480,525,000 after buying an additional 2,992,193 shares in the last quarter. Schwab Charles Investment Management Inc. acquired a new stake in Activision Blizzard in the fourth quarter valued at $169,547,000. Egerton Capital UK LLP raised its stake in Activision Blizzard by 22.0% in the fourth quarter. Egerton Capital UK LLP now owns 11,051,017 shares of the company’s stock valued at $699,750,000 after buying an additional 1,991,213 shares in the last quarter. Prudential Financial Inc. raised its stake in Activision Blizzard by 108.6% in the third quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock valued at $205,444,000 after buying an additional 1,657,730 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Activision Blizzard by 25.6% in the third quarter. Bank of New York Mellon Corp now owns 7,476,125 shares of the company’s stock valued at $482,285,000 after buying an additional 1,523,740 shares in the last quarter. Institutional investors own 85.09% of the company’s stock.
In other Activision Blizzard news, Director Robert J. Corti sold 88,000 shares of Activision Blizzard stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $69.88, for a total value of $6,149,440.00. Following the sale, the director now owns 129,562 shares of the company’s stock, valued at approximately $9,053,792.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian G. Kelly sold 1,700,000 shares of Activision Blizzard stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $70.65, for a total value of $120,105,000.00. Following the completion of the sale, the director now directly owns 69,474 shares in the company, valued at approximately $4,908,338.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,487,761 shares of company stock worth $175,937,273. Corporate insiders own 2.12% of the company’s stock.
Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $74.01 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.46. Activision Blizzard, Inc. has a twelve month low of $46.50 and a twelve month high of $74.94. The stock has a market capitalization of $56,146.33, a PE ratio of 33.34, a P/E/G ratio of 1.97 and a beta of 1.10.
Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the company posted $0.65 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. analysts expect that Activision Blizzard, Inc. will post 2.57 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.dailypolitical.com/2018/03/05/first-republic-investment-management-inc-has-734000-holdings-in-activision-blizzard-inc-atvi.html.
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.
Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision Blizzard, Inc. (NASDAQ:ATVI).
Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.