Pictet Asset Management Ltd. Has $15.10 Million Holdings in Activision Blizzard, Inc. (ATVI)
Pictet Asset Management Ltd. trimmed its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 4.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 331,605 shares of the company’s stock after selling 14,300 shares during the period. Pictet Asset Management Ltd.’s holdings in Activision Blizzard were worth $15,098,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. Massey Quick Simon & CO. LLC acquired a new position in Activision Blizzard in the 1st quarter worth approximately $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in Activision Blizzard in the 1st quarter worth approximately $27,000. Capital Investment Advisory Services LLC acquired a new position in Activision Blizzard in the 4th quarter worth approximately $37,000. Lindbrook Capital LLC acquired a new position in Activision Blizzard in the 4th quarter worth approximately $37,000. Finally, Pearl River Capital LLC acquired a new position in Activision Blizzard in the 4th quarter worth approximately $41,000. 86.86% of the stock is owned by institutional investors and hedge funds.
In other news, Director Robert J. Morgado sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $42.91, for a total transaction of $643,650.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Christopher B. Walther sold 2,333 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $45.91, for a total value of $107,108.03. The disclosure for this sale can be found here. Company insiders own 1.31% of the company’s stock.
Shares of NASDAQ:ATVI opened at $42.38 on Tuesday. Activision Blizzard, Inc. has a 1 year low of $39.85 and a 1 year high of $84.68. The company has a market cap of $33.22 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 2.15 and a beta of 0.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.61 and a current ratio of 2.63.
Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, May 2nd. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13. Activision Blizzard had a return on equity of 16.19% and a net margin of 23.90%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the firm posted $0.38 EPS. The business’s revenue was down 8.7% on a year-over-year basis. Sell-side analysts expect that Activision Blizzard, Inc. will post 2 EPS for the current fiscal year.
About Activision Blizzard
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
Further Reading: Net Margin
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