Algert Global LLC decreased its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,497 shares of the company’s stock after selling 676 shares during the quarter. Algert Global LLC’s holdings in Activision Blizzard were worth $906,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. purchased a new position in Activision Blizzard during the 2nd quarter worth approximately $25,000. Pflug Koory LLC acquired a new stake in shares of Activision Blizzard during the second quarter worth $29,000. KB Financial Partners LLC purchased a new position in Activision Blizzard in the 1st quarter valued at $30,000. Regency Capital Management Inc. DE acquired a new position in Activision Blizzard in the 1st quarter valued at $46,000. Finally, Strategic Blueprint LLC acquired a new stake in shares of Activision Blizzard in the 2nd quarter worth $48,000. Institutional investors and hedge funds own 85.19% of the company’s stock.
ATVI has been the topic of a number of recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Activision Blizzard in a report on Wednesday, July 28th. Jefferies Financial Group started coverage on shares of Activision Blizzard in a research note on Wednesday, September 29th. They issued a “buy” rating and a $120.00 target price for the company. Truist Securities decreased their price target on shares of Activision Blizzard from $112.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, August 16th. Citigroup raised shares of Activision Blizzard from a “neutral” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Friday, August 13th. Finally, Truist lowered their target price on shares of Activision Blizzard from $112.00 to $101.00 and set a “buy” rating for the company in a research note on Monday, August 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, Activision Blizzard has a consensus rating of “Buy” and an average target price of $111.91.
NASDAQ:ATVI traded up $1.73 during trading hours on Thursday, hitting $76.98. The company’s stock had a trading volume of 85,024 shares, compared to its average volume of 6,675,113. The company has a market capitalization of $59.87 billion, a P/E ratio of 22.53, a PEG ratio of 1.48 and a beta of 0.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.83 and a quick ratio of 4.83. The stock has a fifty day simple moving average of $79.49 and a 200-day simple moving average of $88.50. Activision Blizzard, Inc. has a twelve month low of $71.19 and a twelve month high of $104.53.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Monday, August 2nd. The company reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.15. Activision Blizzard had a return on equity of 17.05% and a net margin of 29.17%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.89 billion. On average, equities analysts predict that Activision Blizzard, Inc. will post 3.47 EPS for the current fiscal year.
About Activision Blizzard
Activision Blizzard, Inc engages in the development and publication of interactive entertainment. It operates through the following segments: Activision Publishing, Blizzard Entertainment and King Digital Entertainment. The Activision Publishing segment develops and publishes interactive software products and entertainment content, particularly for the console platform.
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