Macquarie Group Ltd. grew its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 127.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 186,238 shares of the company’s stock after buying an additional 104,194 shares during the period. Macquarie Group Ltd.’s holdings in Activision Blizzard were worth $8,674,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in ATVI. Capital Investment Advisory Services LLC purchased a new position in Activision Blizzard in the 4th quarter worth about $37,000. Lindbrook Capital LLC bought a new position in Activision Blizzard in the 4th quarter worth approximately $37,000. Pearl River Capital LLC bought a new position in Activision Blizzard in the 4th quarter worth approximately $41,000. Ipswich Investment Management Co. Inc. bought a new position in Activision Blizzard in the 4th quarter worth approximately $45,000. Finally, Mondrian Capital Management LLC bought a new position in Activision Blizzard in the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 89.24% of the company’s stock.
ATVI stock traded up $0.74 during trading on Friday, reaching $48.15. 5,855,817 shares of the company traded hands, compared to its average volume of 11,697,017. Activision Blizzard, Inc. has a 12 month low of $39.85 and a 12 month high of $84.68. The company has a market cap of $36.21 billion, a P/E ratio of 20.15, a PEG ratio of 2.34 and a beta of 0.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.31 and a quick ratio of 2.29.
The firm also recently declared an annual dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, March 28th will be issued a $0.37 dividend. This represents a yield of 0.83%. The ex-dividend date is Wednesday, March 27th. This is an increase from Activision Blizzard’s previous annual dividend of $0.34. Activision Blizzard’s dividend payout ratio (DPR) is currently 15.48%.
A number of research analysts have recently commented on ATVI shares. Zacks Investment Research downgraded Activision Blizzard from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. ValuEngine downgraded Activision Blizzard from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Wedbush reiterated an “outperform” rating and set a $60.00 target price on shares of Activision Blizzard in a research report on Monday, April 1st. Piper Jaffray Companies reiterated an “overweight” rating on shares of Activision Blizzard in a research report on Monday. Finally, Robert W. Baird lowered their target price on Activision Blizzard from $69.00 to $58.00 and set an “outperform” rating for the company in a research report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $62.04.
In other Activision Blizzard news, Director Robert J. Morgado sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $42.91, for a total value of $643,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.29% of the stock is currently owned by company insiders.
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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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