Signaturefd LLC Buys 719 Shares of Activision Blizzard, Inc. (NASDAQ:ATVI)

Signaturefd LLC increased its stake in Activision Blizzard, Inc. (NASDAQ:ATVI) by 9.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,559 shares of the company’s stock after purchasing an additional 719 shares during the period. Signaturefd LLC’s holdings in Activision Blizzard were worth $796,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. TFO TDC LLC acquired a new stake in Activision Blizzard during the 1st quarter worth $28,000. Ropes Wealth Advisors LLC acquired a new stake in Activision Blizzard during the 4th quarter worth $29,000. Fieldpoint Private Securities LLC acquired a new stake in Activision Blizzard during the 4th quarter worth $29,000. Freedman Financial Associates Inc. acquired a new stake in Activision Blizzard during the 4th quarter worth $32,000. Finally, Clearview Wealth Advisors LLC acquired a new stake in Activision Blizzard during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 85.77% of the company’s stock.

Shares of NASDAQ:ATVI opened at $95.34 on Wednesday. The company’s 50-day moving average price is $93.94 and its two-hundred day moving average price is $89.90. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.12 and a quick ratio of 4.12. Activision Blizzard, Inc. has a one year low of $66.59 and a one year high of $104.53. The stock has a market capitalization of $74.08 billion, a PE ratio of 33.34, a price-to-earnings-growth ratio of 1.72 and a beta of 0.71.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Monday, May 3rd. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.65 by $0.19. Activision Blizzard had a net margin of 28.90% and a return on equity of 19.07%. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. On average, analysts anticipate that Activision Blizzard, Inc. will post 3.22 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on ATVI shares. Truist boosted their price target on shares of Activision Blizzard from $90.00 to $100.00 in a report on Tuesday, February 2nd. Oppenheimer reissued a “buy” rating and issued a $110.00 price target on shares of Activision Blizzard in a report on Friday, February 5th. MKM Partners boosted their price target on shares of Activision Blizzard from $100.00 to $105.00 in a report on Thursday, January 14th. Benchmark boosted their price target on shares of Activision Blizzard from $118.00 to $120.00 and gave the company a “buy” rating in a report on Monday, May 3rd. Finally, Piper Sandler boosted their price target on shares of Activision Blizzard from $97.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, February 5th. Two equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Activision Blizzard presently has a consensus rating of “Buy” and an average price target of $109.64.

In other news, Director Peter J. Nolan bought 5,000 shares of the company’s stock in a transaction dated Thursday, May 6th. The shares were bought at an average cost of $93.42 per share, with a total value of $467,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Daniel Alegre sold 18,500 shares of the company’s stock in a transaction dated Wednesday, February 24th. The shares were sold at an average price of $95.74, for a total transaction of $1,771,190.00. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by corporate insiders.

Activision Blizzard Company Profile

Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment.

Further Reading: How does new data get added to a blockchain?

Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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.