Toronto Dominion Bank lessened its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 7.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 623,358 shares of the company’s stock after selling 46,572 shares during the quarter. Toronto Dominion Bank’s holdings in Activision Blizzard were worth $28,374,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Steinberg Global Asset Management lifted its stake in shares of Activision Blizzard by 8.8% during the 4th quarter. Steinberg Global Asset Management now owns 37,210 shares of the company’s stock worth $1,733,000 after purchasing an additional 3,008 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Activision Blizzard during the 4th quarter worth $4,634,000. Probity Advisors Inc. purchased a new stake in shares of Activision Blizzard during the 4th quarter worth $362,000. Maplelane Capital LLC purchased a new stake in shares of Activision Blizzard during the 4th quarter worth $11,550,000. Finally, Edge Wealth Management LLC lifted its stake in shares of Activision Blizzard by 2,163.8% during the 1st quarter. Edge Wealth Management LLC now owns 2,626 shares of the company’s stock worth $119,000 after purchasing an additional 2,510 shares during the last quarter. 87.71% of the stock is currently owned by institutional investors.
In other news, Director Robert J. Morgado sold 15,000 shares of Activision Blizzard stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $42.91, for a total value of $643,650.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.29% of the company’s stock.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.13. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Activision Blizzard had a return on equity of 16.19% and a net margin of 23.90%. The business’s revenue was down 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. Research analysts anticipate that Activision Blizzard, Inc. will post 2 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on ATVI shares. Zacks Investment Research cut Activision Blizzard from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 16th. Deutsche Bank began coverage on Activision Blizzard in a research note on Tuesday, January 22nd. They issued a “hold” rating and a $54.00 price target for the company. Wedbush set a $64.00 price target on Activision Blizzard and gave the company an “outperform” rating in a research note on Wednesday, January 23rd. Morgan Stanley increased their price target on Activision Blizzard from $60.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, January 24th. Finally, BidaskClub cut Activision Blizzard from a “hold” rating to a “sell” rating in a research note on Friday, January 25th. Eleven investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $61.89.
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. It 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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