Gryphon Financial Partners LLC increased its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 4,133.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,535 shares of the company’s stock after buying an additional 7,357 shares during the period. Gryphon Financial Partners LLC’s holdings in Activision Blizzard were worth $626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in ATVI. Gerber Kawasaki Wealth & Investment Management grew its position in Activision Blizzard by 6.5% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 137,379 shares of the company’s stock valued at $11,440,000 after acquiring an additional 8,353 shares in the last quarter. TradeLink Capital LLC acquired a new position in Activision Blizzard in the 3rd quarter valued at about $343,000. Dupont Capital Management Corp grew its position in Activision Blizzard by 28.4% in the 3rd quarter. Dupont Capital Management Corp now owns 22,313 shares of the company’s stock valued at $1,856,000 after acquiring an additional 4,934 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in Activision Blizzard by 7.9% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 11,540 shares of the company’s stock valued at $961,000 after acquiring an additional 845 shares in the last quarter. Finally, FTB Advisors Inc. grew its position in Activision Blizzard by 594.6% in the 3rd quarter. FTB Advisors Inc. now owns 4,404 shares of the company’s stock valued at $662,000 after acquiring an additional 3,770 shares in the last quarter. Hedge funds and other institutional investors own 86.92% of the company’s stock.
Several research firms have weighed in on ATVI. KeyCorp reaffirmed an “overweight” rating and issued a $80.00 target price (down from $85.00) on shares of Activision Blizzard in a research report on Friday. Wedbush set a $81.00 target price on Activision Blizzard and gave the company a “buy” rating in a research report on Friday. BidaskClub downgraded Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. ValuEngine downgraded Activision Blizzard from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Stifel Nicolaus dropped their target price on Activision Blizzard from $82.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Activision Blizzard has a consensus rating of “Buy” and a consensus target price of $81.61.
Shares of ATVI opened at $62.79 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.98 and a quick ratio of 2.96. The stock has a market capitalization of $48.98 billion, a PE ratio of 30.63, a P/E/G ratio of 1.71 and a beta of 1.11. Activision Blizzard, Inc. has a 1 year low of $57.29 and a 1 year high of $84.68.
Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings data on Thursday, November 8th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.18). The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Activision Blizzard had a net margin of 6.96% and a return on equity of 16.39%. The business’s quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. As a group, sell-side analysts expect that Activision Blizzard, Inc. will post 2.49 EPS for the current year.
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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.
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