The Wells Fargo & Company MN Acquires 432,748 Shares of Activision Blizzard Inc. (ATVI)

The Wells Fargo & Company MN Acquires 432,748 Shares of Activision Blizzard Inc. (ATVI)

Wells Fargo & Company MN increased its stake in Activision Blizzard Inc. (NASDAQ:ATVI) by 17.1% during the third quarter, Holdings Channel reports. The institutional investor owned 2,968,439 shares of the company’s stock after buying an additional 432,748 shares during the period. Wells Fargo & Company MN’s holdings in Activision Blizzard were worth $131,502,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Premier Fund Managers Ltd increased its stake in shares of Activision Blizzard by 19.1% in the second quarter. Premier Fund Managers Ltd now owns 83,400 shares of the company’s stock valued at $3,170,000 after buying an additional 13,400 shares in the last quarter. Standard Life Investments LTD increased its stake in shares of Activision Blizzard by 2.8% in the second quarter. Standard Life Investments LTD now owns 6,733,500 shares of the company’s stock valued at $266,950,000 after buying an additional 186,318 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Activision Blizzard by 5.8% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,173 shares of the company’s stock valued at $760,000 after buying an additional 1,050 shares in the last quarter. Calamos Advisors LLC purchased a new stake in shares of Activision Blizzard during the second quarter valued at approximately $45,970,000. Finally, Calamos Wealth Management LLC purchased a new stake in shares of Activision Blizzard during the second quarter valued at approximately $1,467,000. Hedge funds and other institutional investors own 85.38% of the company’s stock.

Activision Blizzard Inc. (NASDAQ:ATVI) opened at 39.08 on Thursday. Activision Blizzard Inc. has a 1-year low of $26.49 and a 1-year high of $45.55. The stock has a market capitalization of $29.04 billion, a P/E ratio of 33.92 and a beta of 0.99. The firm’s 50 day moving average is $37.20 and its 200 day moving average is $40.74.

Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Thursday, November 3rd. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.07. The company earned $1.57 billion during the quarter, compared to analyst estimates of $6.54 billion. Activision Blizzard had a net margin of 13.81% and a return on equity of 16.63%. The firm’s quarterly revenue was up 58.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. On average, equities research analysts anticipate that Activision Blizzard Inc. will post $2.03 earnings per share for the current year.

Several analysts have recently commented on ATVI shares. Vetr downgraded shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $50.74 target price for the company. in a report on Monday, October 24th. Benchmark Co. reiterated a “buy” rating and issued a $49.79 target price (up previously from $45.56) on shares of Activision Blizzard in a report on Thursday, September 22nd. Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Wednesday, September 21st. Jefferies Group reiterated a “buy” rating and issued a $55.00 target price on shares of Activision Blizzard in a report on Wednesday, September 21st. Finally, Mizuho reiterated a “buy” rating and issued a $48.00 target price on shares of Activision Blizzard in a report on Monday, November 7th. Four investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $46.80.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $40.09, for a total value of $792,218.49. Following the completion of the sale, the chief executive officer now directly owns 69,583 shares of the company’s stock, valued at approximately $2,789,582.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.23% of the stock is currently owned by corporate insiders.

About Activision Blizzard

Activision Blizzard, Inc is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments.

Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision Blizzard Inc. (NASDAQ:ATVI).

Related posts

Leave a Comment