Activision Blizzard (ATVI) : Harwood Advisory Group reduced its stake in Activision Blizzard by 0.3% during the most recent quarter end. The investment management company now holds a total of 7,052 shares of Activision Blizzard which is valued at $308,102 after selling 21 shares in Activision Blizzard , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Activision Blizzard makes up approximately 0.24% of Harwood Advisory Group’s portfolio.
Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in ATVI in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 6,239 shares of Activision Blizzard which is valued at $272,582. Activision Blizzard makes up approx 0.02% of Reliance Trust Co Of Delaware’s portfolio.At Bancorp reduced its stake in ATVI by selling 6,993 shares or 6.43% in the most recent quarter. The Hedge Fund company now holds 101,750 shares of ATVI which is valued at $4,391,530. Activision Blizzard makes up approx 0.61% of At Bancorp’s portfolio.Nisa Investment Advisors reduced its stake in ATVI by selling 218 shares or 1.18% in the most recent quarter. The Hedge Fund company now holds 18,189 shares of ATVI which is valued at $780,308. Activision Blizzard makes up approx 0.01% of Nisa Investment Advisors’s portfolio. Prospera Financial Services Inc added ATVI to its portfolio by purchasing 6,199 company shares during the most recent quarter which is valued at $265,937. Activision Blizzard makes up approx 0.05% of Prospera Financial Services Inc’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in ATVI in the latest quarter, The investment management firm added 366,622 additional shares and now holds a total of 443,292 shares of Activision Blizzard which is valued at $19,739,793. Activision Blizzard makes up approx 0.08% of Bnp Paribas Arbitrage Sa’s portfolio.
Activision Blizzard opened for trading at $43.57 and hit $44.33 on the upside on Friday, eventually ending the session at $43.69, with a gain of 1.23% or 0.53 points. The heightened volatility saw the trading volume jump to 86,69,042 shares. Company has a market cap of $32,395 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. Morgan Stanley Initiated Activision Blizzard on Sep 23, 2016 to “Overweight”, Price Target of the shares are set at $56.Company shares were Reiterated by Mizuho on Sep 6, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $46 .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 .
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.