Jaffetilchin Investment Partners LLC cut its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 42.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,084 shares of the company’s stock after selling 6,806 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Activision Blizzard were worth $575,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Janus Henderson Group PLC raised its stake in shares of Activision Blizzard by 820.8% during the 2nd quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock worth $1,168,587,000 after purchasing an additional 18,094,334 shares during the period. Capital World Investors raised its stake in shares of Activision Blizzard by 23.8% during the 2nd quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock worth $1,297,513,000 after purchasing an additional 4,327,000 shares during the period. Vanguard Group Inc. raised its stake in shares of Activision Blizzard by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock worth $2,786,211,000 after purchasing an additional 2,200,995 shares during the period. Prudential Financial Inc. raised its stake in shares of Activision Blizzard by 108.6% during the 3rd quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock worth $205,444,000 after purchasing an additional 1,657,730 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Activision Blizzard by 25.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,476,125 shares of the company’s stock worth $482,285,000 after purchasing an additional 1,523,740 shares during the period. Institutional investors and hedge funds own 86.92% of the company’s stock.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the completion of the transaction, the chief executive officer now owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.12% of the stock is owned by insiders.
Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, November 2nd. The company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.11. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.74 billion. Activision Blizzard had a return on equity of 17.56% and a net margin of 15.90%. sell-side analysts expect that Activision Blizzard, Inc. will post 2.11 EPS for the current fiscal year.
A number of equities research analysts have recently commented on the company. Jefferies Group lifted their target price on Activision Blizzard from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Stifel Nicolaus reiterated a “buy” rating and set a $77.00 target price on shares of Activision Blizzard in a research note on Thursday. Vetr cut Activision Blizzard from a “hold” rating to a “sell” rating and set a $69.79 target price on the stock. in a research note on Monday. Hilliard Lyons raised Activision Blizzard from an “underperform” rating to a “neutral” rating in a report on Wednesday, November 8th. Finally, BTIG Research assumed coverage on Activision Blizzard in a report on Monday, December 18th. They issued a “buy” rating and a $80.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $70.97.
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About Activision Blizzard
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
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