TD Asset Management Inc. Decreases Position in Activision Blizzard, Inc. (ATVI)

TD Asset Management Inc. lowered its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 16.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 363,349 shares of the company’s stock after selling 74,054 shares during the quarter. TD Asset Management Inc.’s holdings in Activision Blizzard were worth $16,921,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Activision Blizzard during the fourth quarter valued at $45,000. Mondrian Capital Management LLC purchased a new stake in shares of Activision Blizzard during the fourth quarter valued at $47,000. Fusion Family Wealth LLC lifted its holdings in shares of Activision Blizzard by 111.5% during the fourth quarter. Fusion Family Wealth LLC now owns 1,375 shares of the company’s stock valued at $64,000 after purchasing an additional 725 shares during the last quarter. Dubuque Bank & Trust Co. purchased a new stake in shares of Activision Blizzard during the fourth quarter valued at $68,000. Finally, IMS Capital Management purchased a new stake in shares of Activision Blizzard during the third quarter valued at $69,000. 90.62% of the stock is owned by institutional investors and hedge funds.

Shares of ATVI traded down $1.25 during midday trading on Monday, reaching $42.16. 586,037 shares of the stock were exchanged, compared to its average volume of 10,909,767. 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 company has a market capitalization of $33.12 billion, a PE ratio of 20.57, 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 for the quarter, missing the Zacks’ 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 firm had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the business earned $0.25 earnings per share. The firm’s revenue for the quarter was down 12.6% on a year-over-year basis. On average, equities research analysts expect that Activision Blizzard, Inc. will post 2.34 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Activision Blizzard from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Benchmark reduced their target price on Activision Blizzard from $87.00 to $68.00 and set a “buy” rating for the company in a report on Monday. Oppenheimer reaffirmed a “market perform” rating on shares of Activision Blizzard in a report on Tuesday, January 29th. Credit Suisse Group reaffirmed a “buy” rating and set a $70.00 target price on shares of Activision Blizzard in a report on Monday, February 4th. Finally, BidaskClub raised Activision Blizzard from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $66.68.

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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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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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