Activision Blizzard, Inc. (ATVI) Holdings Raised by Security National Bank
Security National Bank raised its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 40,927 shares of the company’s stock after buying an additional 1,855 shares during the quarter. Activision Blizzard comprises approximately 1.7% of Security National Bank’s investment portfolio, making the stock its 25th biggest holding. Security National Bank’s holdings in Activision Blizzard were worth $2,592,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in ATVI. BlackRock Inc. boosted its holdings in Activision Blizzard by 5.8% during the fourth quarter. BlackRock Inc. now owns 54,967,203 shares of the company’s stock valued at $3,480,525,000 after acquiring an additional 2,992,193 shares during the period. Schwab Charles Investment Management Inc. bought a new stake in Activision Blizzard during the fourth quarter valued at about $169,547,000. Egerton Capital UK LLP boosted its holdings in Activision Blizzard by 22.0% during the fourth quarter. Egerton Capital UK LLP now owns 11,051,017 shares of the company’s stock valued at $699,750,000 after acquiring an additional 1,991,213 shares during the period. Prudential Financial Inc. boosted its holdings in Activision Blizzard by 108.6% during the third quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock valued at $205,444,000 after acquiring an additional 1,657,730 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Activision Blizzard by 25.6% during the third quarter. Bank of New York Mellon Corp now owns 7,476,125 shares of the company’s stock valued at $482,285,000 after acquiring an additional 1,523,740 shares during the period. Institutional investors own 85.09% of the company’s stock.
A number of research firms have issued reports on ATVI. ValuEngine upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating in a report on Thursday. BidaskClub upgraded shares of Activision Blizzard from a “buy” rating to a “strong-buy” rating in a report on Thursday. Vetr upgraded shares of Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $80.56 target price for the company in a research note on Thursday, February 22nd. Argus increased their target price on shares of Activision Blizzard from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, Zacks Investment Research cut shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $74.16.
Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.02. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the business posted $0.65 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. analysts expect that Activision Blizzard, Inc. will post 2.57 EPS for the current fiscal year.
In related news, Director Robert J. Corti sold 88,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $69.88, for a total value of $6,149,440.00. Following the completion of the transaction, the director now owns 129,562 shares of the company’s stock, valued at $9,053,792.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian G. Kelly sold 1,700,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $70.65, for a total transaction of $120,105,000.00. Following the completion of the transaction, the director now directly owns 69,474 shares of the company’s stock, valued at approximately $4,908,338.10. The disclosure for this sale can be found here. Insiders sold 2,487,761 shares of company stock valued at $175,937,273 in the last three months. Company insiders own 2.12% of the company’s stock.
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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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