Grandview Asset Management LLC acquired a new position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 32,388 shares of the company’s stock, valued at approximately $1,508,000. Activision Blizzard makes up approximately 1.6% of Grandview Asset Management LLC’s investment portfolio, making the stock its 20th largest holding.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Steinberg Global Asset Management grew its holdings in shares of Activision Blizzard by 8.8% during the 4th quarter. Steinberg Global Asset Management now owns 37,210 shares of the company’s stock valued at $1,733,000 after acquiring an additional 3,008 shares in the last quarter. Financial Enhancement Group LLC purchased a new position in shares of Activision Blizzard during the 3rd quarter valued at $575,000. Capital International Investors grew its holdings in shares of Activision Blizzard by 233.8% during the 3rd quarter. Capital International Investors now owns 9,072,649 shares of the company’s stock valued at $754,754,000 after acquiring an additional 6,354,412 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Activision Blizzard by 10.2% during the 3rd quarter. Riverhead Capital Management LLC now owns 12,599 shares of the company’s stock valued at $1,048,000 after acquiring an additional 1,168 shares in the last quarter. Finally, Iridian Asset Management LLC CT grew its holdings in shares of Activision Blizzard by 40.4% during the 3rd quarter. Iridian Asset Management LLC CT now owns 2,792,379 shares of the company’s stock valued at $232,298,000 after acquiring an additional 803,888 shares in the last quarter. Hedge funds and other institutional investors own 90.62% of the company’s stock.
NASDAQ:ATVI opened at $43.41 on Monday. Activision Blizzard, Inc. has a 12-month low of $42.53 and a 12-month high of $84.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.09 and a quick ratio of 2.01. The stock has a market capitalization of $33.12 billion, a P/E ratio of 21.18, a price-to-earnings-growth ratio of 1.57 and a beta of 0.92.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.03). Activision Blizzard had a return on equity of 15.44% and a net margin of 8.07%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the company earned $0.25 EPS. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. Equities analysts predict that Activision Blizzard, Inc. will post 2.34 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on ATVI shares. Benchmark decreased their price objective on shares of Activision Blizzard from $87.00 to $68.00 and set a “buy” rating for the company in a report on Monday. Zacks Investment Research cut shares of Activision Blizzard from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Oppenheimer reiterated a “market perform” rating on shares of Activision Blizzard in a report on Tuesday, January 29th. Credit Suisse Group reissued a “buy” rating and set a $70.00 target price on shares of Activision Blizzard in a research report on Monday, February 4th. Finally, BidaskClub raised shares of Activision Blizzard from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Activision Blizzard presently has a consensus rating of “Buy” and a consensus target price of $66.68.
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. 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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