Toronto Dominion Bank boosted its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 153.4% during the first quarter, Holdings Channel reports. The institutional investor owned 185,597 shares of the company’s stock after buying an additional 533,179 shares during the period. Toronto Dominion Bank’s holdings in Activision Blizzard were worth $9,253,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the stock. Synovus Financial Corp bought a new position in shares of Activision Blizzard during the third quarter valued at approximately $163,000. Wells Fargo & Company MN raised its position in shares of Activision Blizzard by 17.1% in the third quarter. Wells Fargo & Company MN now owns 2,968,439 shares of the company’s stock valued at $131,502,000 after buying an additional 432,748 shares during the period. Quantbot Technologies LP bought a new position in shares of Activision Blizzard during the third quarter valued at approximately $1,540,000. Mizuho Trust & Banking Co. Ltd. raised its position in shares of Activision Blizzard by 0.5% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 938,997 shares of the company’s stock valued at $41,598,000 after buying an additional 4,521 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC raised its position in shares of Activision Blizzard by 127.2% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,079,992 shares of the company’s stock valued at $92,144,000 after buying an additional 1,164,651 shares during the period. 86.29% of the stock is owned by institutional investors and hedge funds.
Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) traded up 1.32% on Friday, hitting $55.88. 6,031,759 shares of the stock traded hands. Activision Blizzard, Inc. has a 12-month low of $35.12 and a 12-month high of $57.30. The stock has a market cap of $42.11 billion, a price-to-earnings ratio of 41.00 and a beta of 1.03. The stock has a 50-day moving average price of $51.75 and a 200 day moving average price of $44.02.
Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.16 by $0.11. Activision Blizzard had a return on equity of 16.70% and a net margin of 13.86%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, analysts anticipate that Activision Blizzard, Inc. will post $1.99 earnings per share for the current fiscal year.
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Several brokerages recently commented on ATVI. Wedbush set a $63.00 price target on shares of Activision Blizzard and gave the stock a “buy” rating in a research report on Saturday, May 6th. Vetr lowered shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $59.65 price target for the company. in a research report on Monday, May 8th. Oppenheimer Holdings Inc. upped their price target on shares of Activision Blizzard from $53.00 to $60.00 and gave the stock an “outperform” rating in a research report on Monday. Credit Suisse Group AG upped their price target on shares of Activision Blizzard from $61.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a research report on Wednesday, February 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $53.37.
In other news, Director Brian G. Kelly sold 420,063 shares of the firm’s stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $49.90, for a total value of $20,961,143.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $45.41, for a total transaction of $897,347.01. Following the completion of the sale, the chief executive officer now owns 62,546 shares in the company, valued at approximately $2,840,213.86. The disclosure for this sale can be found here. In the last 90 days, insiders sold 459,585 shares of company stock worth $22,954,238. 25.23% of the stock is currently owned by corporate insiders.
Activision Blizzard Company Profile
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
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