Natixis Advisors L.P. raised its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 10.7% during the second quarter, HoldingsChannel reports. The fund owned 147,073 shares of the company’s stock after purchasing an additional 14,159 shares during the quarter. Natixis Advisors L.P.’s holdings in Activision Blizzard were worth $6,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently bought and sold shares of the business. Capital Investment Advisory Services LLC lifted its holdings in Activision Blizzard by 189.5% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 362 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in Activision Blizzard in the 1st quarter worth about $27,000. Redhawk Wealth Advisors Inc. purchased a new position in Activision Blizzard during the 2nd quarter valued at about $29,000. Thor Advisors LLC purchased a new position in Activision Blizzard during the 1st quarter valued at about $40,000. Finally, Kavar Capital Partners LLC purchased a new position in Activision Blizzard during the 2nd quarter valued at about $47,000. Hedge funds and other institutional investors own 87.07% of the company’s stock.
A number of brokerages have recently issued reports on ATVI. Citigroup started coverage on shares of Activision Blizzard in a report on Friday, June 7th. They issued a “neutral” rating and a $47.00 price target on the stock. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $55.00 price objective (up previously from $52.00) on shares of Activision Blizzard in a research note on Friday, August 9th. TheStreet raised shares of Activision Blizzard from a “c+” rating to a “b-” rating in a report on Tuesday, August 13th. BidaskClub raised shares of Activision Blizzard from a “hold” rating to a “buy” rating in a report on Thursday, August 22nd. Finally, BMO Capital Markets upgraded shares of Activision Blizzard from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $43.00 to $60.00 in a research note on Wednesday, September 4th. Nine investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $61.06.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.14. Activision Blizzard had a return on equity of 15.54% and a net margin of 23.69%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue was down 12.9% compared to the same quarter last year. Equities research analysts forecast that Activision Blizzard, Inc. will post 2 EPS for the current fiscal year.
In other Activision Blizzard news, insider Christopher B. Walther sold 5,333 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $50.34, for a total value of $268,463.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian M. Stolz sold 134,845 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $47.80, for a total transaction of $6,445,591.00. Following the completion of the sale, the insider now directly owns 58,563 shares of the company’s stock, valued at $2,799,311.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,844 shares of company stock worth $7,528,095. 1.31% of the stock is currently owned by insiders.
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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