NuWave Investment Management LLC Raises Holdings in Activision Blizzard, Inc. (NASDAQ:ATVI)

NuWave Investment Management LLC grew its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 59,570.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,321 shares of the company’s stock after buying an additional 14,297 shares during the quarter. Activision Blizzard accounts for approximately 1.1% of NuWave Investment Management LLC’s holdings, making the stock its 14th biggest holding. NuWave Investment Management LLC’s holdings in Activision Blizzard were worth $667,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ATVI. Macquarie Group Ltd. grew its position in shares of Activision Blizzard by 18.5% in the second quarter. Macquarie Group Ltd. now owns 98,644 shares of the company’s stock valued at $7,528,000 after purchasing an additional 15,400 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Activision Blizzard by 85.8% in the second quarter. Advisors Asset Management Inc. now owns 20,786 shares of the company’s stock valued at $1,586,000 after purchasing an additional 9,601 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Activision Blizzard by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 7,884,115 shares of the company’s stock valued at $601,716,000 after purchasing an additional 241,423 shares in the last quarter. United Services Automobile Association grew its position in shares of Activision Blizzard by 0.7% in the second quarter. United Services Automobile Association now owns 721,993 shares of the company’s stock valued at $55,103,000 after purchasing an additional 5,303 shares in the last quarter. Finally, New England Research & Management Inc. purchased a new stake in shares of Activision Blizzard in the third quarter valued at approximately $213,000. Institutional investors and hedge funds own 90.62% of the company’s stock.

NASDAQ:ATVI opened at $44.57 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.01 and a current ratio of 2.09. Activision Blizzard, Inc. has a 52 week low of $39.85 and a 52 week high of $84.68. The firm has a market cap of $30.61 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 1.57 and a beta of 0.92.

Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings results on Tuesday, February 12th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.08. Activision Blizzard had a return on equity of 15.44% and a net margin of 8.07%. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. The firm’s revenue was up 7.6% compared to the same quarter last year. As a group, analysts anticipate that Activision Blizzard, Inc. will post 2.34 EPS for the current fiscal year.

The company also recently declared an annual dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.37 per share. This represents a yield of 0.83%. This is a boost from Activision Blizzard’s previous annual dividend of $0.34. The ex-dividend date of this dividend is Wednesday, March 27th. Activision Blizzard’s dividend payout ratio is 16.59%.

A number of equities research analysts have recently issued reports on ATVI shares. Robert W. Baird dropped their price target on Activision Blizzard from $69.00 to $58.00 and set an “outperform” rating for the company in a research report on Wednesday. Credit Suisse Group dropped their price target on Activision Blizzard from $85.00 to $79.00 and set an “outperform” rating for the company in a research report on Friday, November 9th. BidaskClub lowered Activision Blizzard from a “hold” rating to a “sell” rating in a research report on Thursday, November 8th. Deutsche Bank assumed coverage on Activision Blizzard in a research report on Tuesday, January 22nd. They issued a “hold” rating and a $54.00 price target for the company. Finally, Oppenheimer decreased their price objective on Activision Blizzard from $87.00 to $68.00 and set an “outperform” rating on the stock in a report on Friday, November 9th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Activision Blizzard presently has a consensus rating of “Buy” and a consensus price target of $64.44.

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Activision Blizzard Profile

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

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

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