GAM Holding AG grew its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 2.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,000 shares of the company’s stock after purchasing an additional 1,855 shares during the period. GAM Holding AG’s holdings in Activision Blizzard were worth $6,157,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in shares of Activision Blizzard in the second quarter worth $156,000. Dupont Capital Management Corp lifted its stake in shares of Activision Blizzard by 16.2% in the second quarter. Dupont Capital Management Corp now owns 17,379 shares of the company’s stock worth $1,326,000 after buying an additional 2,428 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Activision Blizzard by 12.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 130,715 shares of the company’s stock worth $9,976,000 after buying an additional 14,587 shares during the last quarter. TD Asset Management Inc. lifted its stake in shares of Activision Blizzard by 19.3% in the second quarter. TD Asset Management Inc. now owns 394,584 shares of the company’s stock worth $30,114,000 after buying an additional 63,808 shares during the last quarter. Finally, NuWave Investment Management LLC acquired a new stake in shares of Activision Blizzard in the second quarter worth $121,000. 89.76% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the stock. Wedbush boosted their price objective on shares of Activision Blizzard from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 1st. BidaskClub upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research note on Saturday, September 29th. Argus restated a “buy” rating and issued a $90.00 price objective (up from $81.00) on shares of Activision Blizzard in a research note on Friday, September 21st. Piper Jaffray Companies restated an “overweight” rating and issued a $88.00 price objective on shares of Activision Blizzard in a research note on Wednesday, September 26th. Finally, Robert W. Baird boosted their price objective on shares of Activision Blizzard from $81.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $75.99.
Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Thursday, November 8th. The company reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.03). The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. Activision Blizzard had a net margin of 8.07% and a return on equity of 15.44%. Activision Blizzard’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.25 earnings per share. As a group, analysts forecast that Activision Blizzard, Inc. will post 2.36 earnings per share for the current fiscal year.
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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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