Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) were increased by Resources Investment Advisors LLC.

Financial Advisors


Resource Investment Advisors LLC. In the fourth quarter, Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) increased its stock position by 904.7%, according to its latest Form 13F filed with the Securities and Exchange Commission. Institutional investors owned 29,026 shares of the company after acquiring an additional 26,137 of his shares during the period. Resources Investment Advisors LLC.’s shareholding in Activision Blizzard was valued at $2,222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also changed their holdings in the company. CX Institutional increased his position at Activision Blizzard by 37.3% in the third quarter. CX Institutional now owns 8,423 shares worth $626,000 after purchasing an additional 2,287 shares during the previous quarter. Integrated Advisors Network LLC earned him a new position worth $227,000 on Activision Blizzard in the third quarter. Assenagon Asset Management SA increased its position in Activision Blizzard by 3,179.3% in the third quarter. Assenagon Asset Management SA now owns 352,815 shares worth $26,228,000 after purchasing an additional 342,056 shares in the previous quarter. Copeland Capital Management LLC increased its position in Activision Blizzard by 16.0% in the fourth quarter. Copeland Capital Management LLC now owns 3,231 shares worth $247,000 after purchasing an additional 445 shares last quarter. Finally, Clear Harbor Asset Management LLC won a new position on Activision Blizzard in the fourth quarter worth $1,160,000. 79.34% of the shares are currently owned by hedge funds and other institutional investors.

Activision Blizzard stock performance

NASDAQ:ATVI opened Wednesday at $85.55. His one-year low for Activision Blizzard, Inc. is $70.94, and his one-year high is $85.88. The company has a 50-day moving average of $80.41 and a 200-day moving average of $76.76. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt to equity ratio of 0.19. The stock has a market cap of $67.09 billion, a P/E ratio of 44.56, a P/E ratio of 2.61, and a beta of 0.42.

Activision Blizzard (NASDAQ:ATVI – Get Rating) announced its final financial results on Monday, February 6th. The company reported his earnings per share (EPS) of $1.71 for the quarter, $0.33 above analyst consensus expectations of $1.38. Activision Blizzard had a net profit margin of 20.10% and a return on equity of 12.53%. The company posted revenue of $3.57 billion for the quarter, compared with analysts’ forecast of $3.23 billion. As a group, sell-side analysts expect Activision Blizzard, Inc. to post his 3.44 EPS in the current financial year.

Wall Street Analyst Predicts Growth

Several research firms have commented on ATVI. StockNews.com featured shares in Activision Blizzard in its research report on Thursday, March 16th. They put a “Hold” rating on the stock. Wedbush reaffirmed his “Outperform” rating and announced his $95.00 price target on Activision Blizzard stock in his Friday, January 27 research report. Deutsche Bank Aktiengesellschaft upgraded Activision Blizzard’s stock from ‘hold’ to ‘buy’ in a research note on Thursday, February 16, raising the company’s price target from $83.00 to $90.00. Roth Capital reiterated its ‘buy’ rating for Activision Blizzard stock in its research notes on Friday, February 10. Finally, Citigroup raised his price target on Activision Blizzard from $88.00 to $91.00, giving the company a “buy” rating in its research notes on Sunday, March 26. One analyst gave a Hold rating and 15 analysts gave a Buy rating to the company’s stock. Based on MarketBeat data, the company’s consensus rating is a “moderate buy” with a consensus price target of $91.57.

Insider activity

In related news, COO Daniel Alegre sold 8,847 shares of the company in a transaction that took place on Monday, March 13th. The shares sold for an average of $78.50 for a total of $694,489.50. Following the closing of the sale, the Chief Operating Officer now owns 156,170 shares of the Company’s stock valued at $12,259,345. The sale is disclosed in documents filed with the SEC, which can be accessed on his website. His 1.10% of the shares are now owned by corporate insiders.

Activision Blizzard company profile

(get rating)

Activision Blizzard, Inc is committed to developing and publishing entertainment content and services. It operates under the segments Activision Publishing Inc, Blizzard Entertainment Inc and King Digital Entertainment. The Activision Publishing Inc segment not only licenses software to third parties or affiliates that distribute Activision products, but also distributes content through both premium and free-to-play services.

Related item

Quarterly institutional ownership of Activision Blizzard (NASDAQ:ATVI)

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