People s United Financial Inc. lifted its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 13.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 36,426 shares of the company’s stock after purchasing an additional 4,387 shares during the quarter. People s United Financial Inc.’s holdings in Activision Blizzard were worth $3,030,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Standard Life Aberdeen plc grew its position in shares of Activision Blizzard by 2.7% in the 2nd quarter. Standard Life Aberdeen plc now owns 1,666,892 shares of the company’s stock valued at $127,226,000 after purchasing an additional 44,538 shares during the period. Iridian Asset Management LLC CT lifted its stake in Activision Blizzard by 40.4% in the 3rd quarter. Iridian Asset Management LLC CT now owns 2,792,379 shares of the company’s stock valued at $232,298,000 after acquiring an additional 803,888 shares in the last quarter. Gladstone Capital Management LLP lifted its stake in Activision Blizzard by 13.0% in the 2nd quarter. Gladstone Capital Management LLP now owns 304,889 shares of the company’s stock valued at $23,175,000 after acquiring an additional 35,000 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Activision Blizzard by 2.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 719,206 shares of the company’s stock valued at $59,830,000 after acquiring an additional 16,360 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in Activision Blizzard by 62.4% in the 2nd quarter. Gabelli Funds LLC now owns 284,200 shares of the company’s stock valued at $21,690,000 after acquiring an additional 109,200 shares in the last quarter. Institutional investors and hedge funds own 89.76% of the company’s stock.
ATVI has been the topic of several research reports. Zacks Investment Research cut Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. BidaskClub cut Activision Blizzard from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Bank of America cut Activision Blizzard from a “buy” rating to a “neutral” rating and cut their target price for the company from $84.00 to $77.00 in a research note on Friday, August 31st. Robert W. Baird boosted their target price on Activision Blizzard from $81.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 13th. Finally, Argus restated a “buy” rating and issued a $90.00 target price (up previously from $81.00) on shares of Activision Blizzard in a research note on Friday, September 21st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $75.38.
Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings data on Thursday, November 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Activision Blizzard had a return on equity of 15.44% and a net margin of 8.07%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the company earned $0.25 EPS. The company’s revenue for the quarter was down 12.6% on a year-over-year basis. As a group, equities analysts expect that Activision Blizzard, Inc. will post 2.38 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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