Fairfield Bush & CO. grew its stake in Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) by 11.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,823 shares of the company's stock after buying an additional 1,100 shares during the quarter. Fairfield Bush & CO.'s holdings in Activision Blizzard were worth $805,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of ATVI. Joseph P. Lucia & Associates LLC acquired a new position in shares of Activision Blizzard in the second quarter worth about $25,000. Orion Capital Management LLC increased its stake in shares of Activision Blizzard by 75.7% in the 2nd quarter. Orion Capital Management LLC now owns 355 shares of the company's stock valued at $28,000 after purchasing an additional 153 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in Activision Blizzard in the 3rd quarter worth about $33,000. Activest Wealth Management boosted its position in Activision Blizzard by 203.9% during the third quarter. Activest Wealth Management now owns 471 shares of the company's stock worth $35,000 after purchasing an additional 316 shares in the last quarter. Finally, Rocky Mountain Advisers LLC grew its holdings in Activision Blizzard by 5,384.6% in the second quarter. Rocky Mountain Advisers LLC now owns 713 shares of the company's stock valued at $56,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 79.34% of the company's stock.
Get Activision Blizzard alerts:Analyst Ratings Changes
Several research analysts have recently weighed in on the company. Edward Jones raised Activision Blizzard from a "hold" rating to a "buy" rating in a research note on Tuesday, December 6th. Benchmark reaffirmed a "buy" rating and set a $100.00 price objective on shares of Activision Blizzard in a report on Friday, December 9th. Morgan Stanley raised shares of Activision Blizzard from an "equal weight" rating to an "overweight" rating and set a $95.00 target price for the company in a research note on Monday, November 28th. JPMorgan Chase & Co. decreased their price target on shares of Activision Blizzard from $95.00 to $86.00 in a research note on Monday, November 28th. Finally, StockNews.com cut Activision Blizzard from a "buy" rating to a "hold" rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $91.85.
Activision Blizzard Trading Up 0.2 %
Shares of ATVI traded up $0.12 during midday trading on Thursday, reaching $74.76. The company had a trading volume of 343,524 shares, compared to its average volume of 5,422,819. Activision Blizzard, Inc. has a 1-year low of $70.94 and a 1-year high of $82.00. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 0.19. The firm has a 50 day simple moving average of $75.80 and a 200-day simple moving average of $76.19. The stock has a market cap of $58.51 billion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 2.27 and a beta of 0.47.Activision Blizzard (NASDAQ:ATVI – Get Rating) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.16. Activision Blizzard had a net margin of 22.75% and a return on equity of 9.64%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.70 billion. Research analysts forecast that Activision Blizzard, Inc. will post 2.61 EPS for the current fiscal year.
About Activision Blizzard
(Get Rating)
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. It operates through the following segments: Activision Publishing, Blizzard Entertainment, and King Digital Entertainment. The Activision Publishing segment delivers content through both premium and free-to-play offerings and generates revenue from full-game and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision products.
Featured Articles
- Get a free copy of the StockNews.com research report on Activision Blizzard (ATVI)
- Levi Strauss Is A Good Fit For Income Investors
- 3 Small Caps That Have Big Upside
- Mullin Automotive: The Good News, The Bad And The Ugly Outlook
- Mergers and Acquisitions in 2023 Off To A Strong Start
- What Does Apple's Move to India Mean for Investors?
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 – Get Rating).
Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.