Janney Montgomery Scott LLC increased its position in Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) by 28.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,287 shares of the company’s stock after buying an additional 13,983 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Activision Blizzard were worth $4,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Fairfield Bush & CO. purchased a new position in Activision Blizzard in the 1st quarter worth $41,000. American Century Companies Inc. increased its holdings in shares of Activision Blizzard by 3.3% in the first quarter. American Century Companies Inc. now owns 21,919 shares of the company’s stock worth $1,756,000 after buying an additional 702 shares during the period. Sei Investments Co. lifted its stake in shares of Activision Blizzard by 8.9% in the 1st quarter. Sei Investments Co. now owns 61,175 shares of the company’s stock valued at $4,877,000 after acquiring an additional 5,014 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Activision Blizzard by 62.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,038 shares of the company’s stock valued at $404,000 after acquiring an additional 1,942 shares during the period. Finally, Baird Financial Group Inc. grew its position in Activision Blizzard by 58.9% during the 1st quarter. Baird Financial Group Inc. now owns 122,289 shares of the company’s stock worth $9,797,000 after acquiring an additional 45,326 shares during the last quarter. Hedge funds and other institutional investors own 79.34% of the company’s stock.
Wall Street Analyst Weigh In
ATVI has been the subject of a number of analyst reports. StockNews.com began coverage on Activision Blizzard in a research note on Thursday, March 16th. They set a “hold” rating for the company. Benchmark reissued a “buy” rating and issued a $90.00 price target on shares of Activision Blizzard in a report on Friday, March 10th. Citigroup upped their price objective on shares of Activision Blizzard from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Sunday, March 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and increased their target price for the stock from $83.00 to $90.00 in a report on Thursday, February 16th. Finally, Roth Capital restated a “buy” rating on shares of Activision Blizzard in a report on Friday, February 10th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.57.
Activision Blizzard Trading Down 0.0 %
Activision Blizzard (NASDAQ:ATVI – Get Rating) last posted its quarterly earnings data on Monday, February 6th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.38 by $0.33. The business had revenue of $3.57 billion for the quarter, compared to analyst estimates of $3.23 billion. Activision Blizzard had a net margin of 20.10% and a return on equity of 12.53%. As a group, analysts forecast that Activision Blizzard, Inc. will post 3.44 EPS for the current fiscal year.
Insider Buying and Selling at Activision Blizzard
In other Activision Blizzard news, COO Daniel Alegre sold 8,847 shares of Activision Blizzard stock in a transaction on Monday, March 13th. The stock was sold at an average price of $78.50, for a total transaction of $694,489.50. Following the completion of the transaction, the chief operating officer now owns 156,170 shares in the company, valued at $12,259,345. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by company insiders.
Activision Blizzard Profile
Activision Blizzard, Inc engages in the development and publication of entertainment content and services. It operates through the following segments: Activision Publishing Inc, Blizzard Entertainment Inc, and King Digital Entertainment. The Activision Publishing Inc segment delivers content through both premium and free-to-play offerings, as well as by licensing software to third-party or related-party companies that distribute Activision products.
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