Activision Blizzard, Inc. (NASDAQ:ATVI) Shares Sold by Valeo Financial Advisors LLC

Posted by Defense World Staff on Sep 25th, 2023

Valeo Financial Advisors LLC trimmed its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI – Free Report) by 11.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,612 shares of the company’s stock after selling 448 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Activision Blizzard were worth $304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Xponance Inc. boosted its position in shares of Activision Blizzard by 2.0% during the 2nd quarter. Xponance Inc. now owns 95,700 shares of the company’s stock worth $8,068,000 after acquiring an additional 1,871 shares in the last quarter. Chatham Capital Group Inc. boosted its position in shares of Activision Blizzard by 1.2% during the 2nd quarter. Chatham Capital Group Inc. now owns 22,404 shares of the company’s stock worth $1,889,000 after acquiring an additional 265 shares in the last quarter. Tran Capital Management L.P. acquired a new position in shares of Activision Blizzard during the 2nd quarter worth about $8,113,000. Patton Albertson Miller Group LLC boosted its position in shares of Activision Blizzard by 2.3% during the 2nd quarter. Patton Albertson Miller Group LLC now owns 41,406 shares of the company’s stock worth $3,491,000 after acquiring an additional 920 shares in the last quarter. Finally, Chemistry Wealth Management LLC boosted its position in shares of Activision Blizzard by 1.4% during the 2nd quarter. Chemistry Wealth Management LLC now owns 8,768 shares of the company’s stock worth $739,000 after acquiring an additional 118 shares in the last quarter. 81.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ATVI. Atlantic Securities cut Activision Blizzard from an “overweight” rating to a “neutral” rating and set a $95.00 price objective for the company. in a research report on Tuesday, July 18th. Robert W. Baird cut Activision Blizzard from an “outperform” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research report on Tuesday, July 18th. Roth Mkm cut Activision Blizzard from a “buy” rating to a “neutral” rating and upped their target price for the company from $88.00 to $95.00 in a research report on Friday, July 21st. Stifel Nicolaus cut Activision Blizzard from a “buy” rating to a “hold” rating and upped their target price for the company from $88.00 to $95.00 in a research report on Wednesday, July 12th. Finally, Raymond James cut Activision Blizzard to a “market perform” rating in a research report on Tuesday, July 11th. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $94.32.

Check Out Our Latest Analysis on ATVI

Activision Blizzard Stock Performance

Shares of ATVI stock opened at $93.92 on Monday. The company has a market cap of $73.90 billion, a price-to-earnings ratio of 34.40, a price-to-earnings-growth ratio of 2.60 and a beta of 0.44. The stock has a 50 day simple moving average of $91.92 and a 200-day simple moving average of $85.13. Activision Blizzard, Inc. has a 12-month low of $70.94 and a 12-month high of $94.11. The company has a current ratio of 4.66, a quick ratio of 4.66 and a debt-to-equity ratio of 0.17.

Activision Blizzard (NASDAQ:ATVI – Get Free Report) last issued its earnings results on Wednesday, July 19th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.17. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.44 billion. Activision Blizzard had a return on equity of 14.87% and a net margin of 24.87%. On average, equities analysts forecast that Activision Blizzard, Inc. will post 3.74 EPS for the current year.

Activision Blizzard Increases Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, August 17th. Stockholders of record on Wednesday, August 2nd were paid a dividend of $0.99 per share. This represents a dividend yield of 1.07%. This is an increase from Activision Blizzard’s previous annual dividend of $0.47. The ex-dividend date of this dividend was Tuesday, August 1st. Activision Blizzard’s dividend payout ratio is 36.26%.

Activision Blizzard Profile

(Free Report)

Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products.