November 28, 2016 - By Hazel Jackson · 0 Comments
Activision Blizzard Inc (NASDAQ:ATVI) institutional sentiment increased to 1.39 in Q2 2016. Its up 0.01, from 1.38 in 2016Q1. The ratio is better, as 292 hedge funds increased or started new holdings, while 212 cut down and sold equity positions in Activision Blizzard Inc. The hedge funds in our partner’s database now have: 598.35 million shares, up from 509.05 million shares in 2016Q1. Also, the number of hedge funds holding Activision Blizzard Inc in their top 10 holdings increased from 10 to 26 for an increase of 16. Sold All: 39 Reduced: 173 Increased: 208 New Position: 84.
Activision Blizzard, Inc. is a developer and publisher of online, personal computer , video game console, handheld, mobile and tablet games. The company has a market cap of $27.87 billion. The Firm operates through Activision Publishing, Inc. (Activision) and its subsidiaries, Blizzard Entertainment, Inc. (Blizzard) and its subsidiaries, and Other divisions. It has a 32.62 P/E ratio. The Firm also develops products spanning other genres, including first-person action, action/adventure, role-playing, simulation and strategy.
About 3.39M shares traded hands. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 6.59% since April 25, 2016 and is uptrending. It has outperformed by 0.57% the S&P500.
Analysts await Activision Blizzard, Inc. (NASDAQ:ATVI) to report earnings on February, 9. They expect $0.75 earnings per share, down 7.41% or $0.06 from last year’s $0.81 per share. ATVI’s profit will be $556.66 million for 12.52 P/E if the $0.75 EPS becomes a reality. After $0.46 actual earnings per share reported by Activision Blizzard, Inc. for the previous quarter, Wall Street now forecasts 63.04% EPS growth.
According to Zacks Investment Research, “ACTIVISION BLIZZARD, INC. is a worldwide pure-play online and console game publisher with leading market positions across all categories of the rapidly growing interactive entertainment software industry. Activision Blizzard’s portfolio includes best-selling video games such as Guitar Hero, Call of Duty, and Tony Hawk, as well as Spider-Man, X-Men, Shrek, James Bond and TRANSFORMERS, leading franchises such as Crash Bandicoot and Spyro and Blizzard Entertainment’s StarCraft, Diablo, and Warcraft franchises including the global number one subscription-based massively multi-player online role-playing game, World of Warcraft. Activision Blizzard maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, Norway, Denmark, the Netherlands, Romania, Australia, Chile, India, Japan, China, the region of Taiwan and South Korea.”
Jericho Capital Asset Management L.P. holds 12.26% of its portfolio in Activision Blizzard, Inc. for 5.62 million shares. Dsam Partners (London) Ltd owns 867,057 shares or 10.48% of their US portfolio. Moreover, Coatue Management Llc has 7.85% invested in the company for 13.89 million shares. The Connecticut-based Conatus Capital Management Lp has invested 7.64% in the stock. Fox Point Capital Management Llc, a New York-based fund reported 62,500 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 11 insider sales for $929.08 million net activity.
Ratings analysis reveals 86% of Activision Blizzard’s analysts are positive. Out of 22 Wall Street analysts rating Activision Blizzard, 19 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $29.51 while the high is $56. The stock’s average target of $42.21 is 12.44% above today’s ($37.54) share price. ATVI was included in 63 notes of analysts from July 28, 2015. The rating was upgraded by Hilliard Lyons to “Buy” on Tuesday, February 16. Benchmark maintained Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Friday, February 12. Benchmark has “Buy” rating and $37.63 price target. As per Tuesday, August 18, the company rating was maintained by Argus Research. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) earned “Buy” rating by Benchmark on Friday, May 6. The firm has “Overweight” rating by Pacific Crest given on Friday, August 7. The firm has “Buy” rating by Stifel Nicolaus given on Monday, May 9. As per Wednesday, August 5, the company rating was maintained by Jefferies. On Friday, August 5 the stock rating was maintained by UBS with “Buy”. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) has “Buy” rating given on Friday, October 23 by M Partners. On Friday, May 6 the stock rating was maintained by Mizuho with “Buy”.
Activision Blizzard, Inc., incorporated on February 17, 2000, is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Firm operates through Activision Publishing, Inc. (Activision) and its subsidiaries, Blizzard Entertainment, Inc. (Blizzard) and its subsidiaries, and Other divisions. The Firm also develops products spanning other genres, including first-person action, action/adventure, role-playing, simulation and strategy. It provides various forms of product support to both its internally and externally developed content. It distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft in the United Kingdom and NBG in Germany.
More notable recent Activision Blizzard, Inc. (NASDAQ:ATVI) news were published by: Wsj.com which released: “Activision Blizzard Reaches New Pay Deal With CEO” on November 26, 2016, also Wsj.com with their article: “Activision Blizzard Plans E-Sports League That Looks More Like NFL” published on November 04, 2016, Wsj.com published: “Activision Blizzard Earnings Preview: What to Watch” on November 01, 2016. More interesting news about Activision Blizzard, Inc. (NASDAQ:ATVI) were released by: Wsj.com and their article: “Activision Blizzard Posts Big Rise in Revenue and Profit, Upgrades Outlook” published on November 03, 2016 as well as Profitconfidential.com‘s news article titled: “Activision Blizzard, Inc.: Ominous Implications for ATVI Stock?” with publication date: November 09, 2016.
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By Hazel Jackson