GSA Capital Partners LLP purchased a new stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,936 shares of the company’s stock, valued at approximately $2,074,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Advisory Research Inc. purchased a new position in shares of Activision Blizzard during the 3rd quarter worth $200,000. Franklin Resources Inc. grew its holdings in Activision Blizzard by 19.9% during the 3rd quarter. Franklin Resources Inc. now owns 841,971 shares of the company’s stock valued at $70,044,000 after purchasing an additional 139,806 shares during the last quarter. Blair William & Co. IL grew its holdings in Activision Blizzard by 20.9% during the 3rd quarter. Blair William & Co. IL now owns 418,276 shares of the company’s stock valued at $34,796,000 after purchasing an additional 72,419 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Activision Blizzard by 88.9% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,919 shares of the company’s stock valued at $1,823,000 after purchasing an additional 10,315 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co purchased a new stake in Activision Blizzard in the 3rd quarter valued at about $1,947,000. Institutional investors and hedge funds own 89.76% of the company’s stock.
ATVI has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Activision Blizzard from a “sell” rating to a “strong sell” rating in a research note on Friday, November 16th. Oppenheimer cut their price objective on shares of Activision Blizzard from $87.00 to $68.00 and set an “outperform” rating on the stock in a research note on Friday, November 9th. Jefferies Financial Group set a $85.00 price objective on shares of Activision Blizzard and gave the company a “buy” rating in a report on Saturday, November 10th. Bank of America decreased their price objective on shares of Activision Blizzard from $77.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, November 9th. Finally, Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Wednesday, November 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Activision Blizzard currently has an average rating of “Buy” and an average target price of $75.99.
Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Activision Blizzard had a return on equity of 15.44% and a net margin of 8.07%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the business posted $0.25 EPS. The firm’s quarterly revenue was down 12.6% compared to the same quarter last year. On average, analysts anticipate that Activision Blizzard, Inc. will post 2.36 EPS for the current year.
ILLEGAL ACTIVITY WARNING: “24,936 Shares in Activision Blizzard, Inc. (ATVI) Purchased by GSA Capital Partners LLP” was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.com-unik.info/2018/12/03/24936-shares-in-activision-blizzard-inc-atvi-purchased-by-gsa-capital-partners-llp.html.
Activision Blizzard 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.
Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision Blizzard, Inc. (NASDAQ:ATVI).
Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.