WINTON GROUP Ltd boosted its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 60.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 262,716 shares of the company’s stock after buying an additional 98,948 shares during the period. WINTON GROUP Ltd’s holdings in Activision Blizzard were worth $12,235,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of ATVI. Capital Investment Advisory Services LLC purchased a new position in Activision Blizzard in the 4th quarter worth $37,000. Ipswich Investment Management Co. Inc. purchased a new position in shares of Activision Blizzard in the fourth quarter valued at about $45,000. Mondrian Capital Management LLC purchased a new position in shares of Activision Blizzard in the fourth quarter valued at about $47,000. Fusion Family Wealth LLC increased its position in shares of Activision Blizzard by 111.5% in the fourth quarter. Fusion Family Wealth LLC now owns 1,375 shares of the company’s stock valued at $64,000 after acquiring an additional 725 shares during the period. Finally, Dubuque Bank & Trust Co. bought a new stake in shares of Activision Blizzard during the 4th quarter valued at about $68,000. 90.62% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on ATVI shares. BidaskClub lowered shares of Activision Blizzard from a “sell” rating to a “strong sell” rating in a research note on Friday, November 16th. Oppenheimer decreased their price objective on shares of Activision Blizzard from $87.00 to $68.00 and set an “outperform” rating for the company in a report on Friday, November 9th. Morgan Stanley upped their target price on shares of Activision Blizzard from $60.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, January 24th. Jefferies Financial Group set a $85.00 price target on shares of Activision Blizzard and gave the stock a “buy” rating in a research report on Saturday, November 10th. Finally, Wedbush set a $64.00 price target on shares of Activision Blizzard and gave the stock an “outperform” rating in a research report on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $63.63.
Shares of ATVI stock traded down $0.65 during mid-day trading on Friday, reaching $44.78. The stock had a trading volume of 4,872,547 shares, compared to its average volume of 16,033,885. Activision Blizzard, Inc. has a 12-month low of $39.85 and a 12-month high of $84.68. The stock has a market cap of $34.01 billion, a P/E ratio of 18.74, a P/E/G ratio of 1.65 and a beta of 0.92. The company has a quick ratio of 2.01, a current ratio of 2.31 and a debt-to-equity ratio of 0.24.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Tuesday, February 12th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.08. Activision Blizzard had a return on equity of 17.55% and a net margin of 24.16%. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter last year, the business posted $0.94 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Activision Blizzard, Inc. will post 2.22 earnings per share for the current year.
The company also recently disclosed an annual dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, March 28th will be paid a $0.37 dividend. This is a positive change from Activision Blizzard’s previous annual dividend of $0.34. This represents a dividend yield of 0.83%. The ex-dividend date is Wednesday, March 27th. Activision Blizzard’s payout ratio is currently 14.23%.
Activision Blizzard Company Profile
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. The company 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.
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