Gilder Gagnon Howe Co buys $36,961,470 stake in Activision Blizzard (ATVI)

Activision Blizzard (ATVI) : Gilder Gagnon Howe Co scooped up 901,260 additional shares in Activision Blizzard during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 915,341 shares of Activision Blizzard which is valued at $36,961,470.Activision Blizzard makes up approximately 0.68% of Gilder Gagnon Howe Co’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in ATVI by selling 29,874 shares or 20.09% in the most recent quarter. The Hedge Fund company now holds 118,832 shares of ATVI which is valued at $4,798,436. Activision Blizzard makes up approx 0.02% of Aberdeen Asset Management Plcuk’s portfolio. Rockefeller Financial Services Inc sold out all of its stake in ATVI during the most recent quarter. The investment firm sold 239 shares of ATVI which is valued $9,904.First Quadrant L Pca boosted its stake in ATVI in the latest quarter, The investment management firm added 20,300 additional shares and now holds a total of 153,200 shares of Activision Blizzard which is valued at $6,339,416. Activision Blizzard makes up approx 0.13% of First Quadrant L Pca’s portfolio.Vy Capital Management Ltd. reduced its stake in ATVI by selling 500,000 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 1,000,000 shares of ATVI which is valued at $42,110,000. Activision Blizzard makes up approx 62.37% of Vy Capital Management Ltd.’s portfolio.

Activision Blizzard opened for trading at $40.94 and hit $41.105 on the upside on Thursday, eventually ending the session at $40.83, with a gain of 1.11% or 0.45 points. The heightened volatility saw the trading volume jump to 1,09,76,806 shares. Company has a market cap of $30,142 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 Downgraded by MKM Partners on Jul 28, 2016 to ” Neutral”, Firm has raised the Price Target to $ 42 from a previous price target of $40 .Company shares were Reiterated by Barclays on Jun 16, 2016 to “Overweight”, Firm has raised the Price Target to $ 42 from a previous price target of $38 .Company shares were Reiterated by Stifel on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 45 from a previous price target of $40 .

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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