Bbr Partners Lowers stake in Activision Blizzard (ATVI)

Activision Blizzard (ATVI) : Bbr Partners reduced its stake in Activision Blizzard by 0.73% during the most recent quarter end. The investment management company now holds a total of 713,971 shares of Activision Blizzard which is valued at $29,372,767 after selling 5,216 shares in Activision Blizzard , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Activision Blizzard makes up approximately 4.87% of Bbr Partners’s portfolio.

Other Hedge Funds, Including , 1832 Asset Management boosted its stake in ATVI in the latest quarter, The investment management firm added 1,814,100 additional shares and now holds a total of 1,841,800 shares of Activision Blizzard which is valued at $75,771,652. Activision Blizzard makes up approx 0.28% of 1832 Asset Management’s portfolio. Edmond De Rothschild (europe) sold out all of its stake in ATVI during the most recent quarter. The investment firm sold 1,025 shares of ATVI which is valued $42,169.Columbus Circle Investors boosted its stake in ATVI in the latest quarter, The investment management firm added 172,791 additional shares and now holds a total of 4,064,216 shares of Activision Blizzard which is valued at $164,113,042. Activision Blizzard makes up approx 1.57% of Columbus Circle Investors’s portfolio.Farmers Trust Co reduced its stake in ATVI by selling 74,132 shares or 90.57% in the most recent quarter. The Hedge Fund company now holds 7,721 shares of ATVI which is valued at $319,958. Activision Blizzard makes up approx 0.10% of Farmers Trust Co’s portfolio.

Activision Blizzard opened for trading at $41.11 and hit $41.6 on the upside on Monday, eventually ending the session at $41.29, with a gain of 0.58% or 0.24 points. The heightened volatility saw the trading volume jump to 59,17,403 shares. Company has a market cap of $30,615 M.

On the company’s financial health, Activision Blizzard reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.42. The company had revenue of $1609.00 million for the quarter, compared to analysts expectations of $1447.97 million. The company’s revenue was up 112.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on Activision Blizzard. Company shares were Reiterated by Stifel on Aug 8, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $45 .Company shares were Reiterated by Mizuho on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $42 .Company shares were Reiterated by Wedbush on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 48 from a previous price target of $43 .

Activision Blizzard Inc. is a developer and publisher of online personal computer (PC) video game console handheld mobile and tablet games. The Company offers games that operate on the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox 360 (Xbox 360) Nintendo Co. Ltd. (Nintendo) Wii U (Wii U) and Wii (Wii) and Sony Computer Entertainment Inc. (Sony) PlayStation 4 (PS4) and PlayStation 3 (PS3) console systems. The Company also develops products spanning other genres including first-person action action/adventure role-playing simulation and strategy. It distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft in the United Kingdom and NBG in Germany. The Company’s operating segments include Activision Publishing Inc. and its subsidiaries Blizzard Entertainment Inc. and its subsidiaries and Activision Blizzard Distribution.

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