Harel Insurance Investments & Financial Services Ltd. reduced its position in Activision Blizzard, Inc. (NASDAQ: ATVI – Get a rating) by 93.0% during the 1st quarter, according to its last disclosure to the SEC. The fund held 606 shares of the company after selling 8,075 shares during the period. The holdings of Harel Insurance Investments & Financial Services Ltd. in Activision Blizzard were worth $49,000 when it was last filed with the SEC.
Other institutional investors and hedge funds have also recently changed their positions in the company. Confluence Wealth Services Inc. bought a new stake in Activision Blizzard in the fourth quarter for $25,000. TAP Consulting LLC bought a new stake in Activision Blizzard in the fourth quarter for $30,000. Equitec Proprietary Markets LLC bought a new stake in Activision Blizzard in the fourth quarter for $31,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in Activision Blizzard in the fourth quarter for $33,000. Finally, Curi Wealth Management LLC purchased a new stake in Activision Blizzard in the fourth quarter valued at $33,000. Institutional investors hold 83.11% of the company’s shares.
A Wall Street analyst gives his opinion
Several research companies have recently weighed in on ATVI. Jefferies Financial Group reiterated a “buy” rating and issued a $95.00 price target on Activision Blizzard shares in a Wednesday, April 27 report. StockNews.com began covering Activision Blizzard in a research report on Thursday, March 31. They set a “holding” rating for the company. Finally, Moffett Nathanson upgraded Activision Blizzard from a “neutral” rating to a “buy” rating and set a price target of $95.00 for the company in a research report on Monday. Eighteen equity research analysts gave the stock a hold rating and nine gave the company a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $95.17.
Insiders place their bets
In other Activision Blizzard CAD news jesse yang sold 10,812 shares of the company in a trade dated Thursday, May 5. The stock was sold at an average price of $78.68, for a total value of $850,688.16. Following the completion of the transaction, the chief accounting officer now owns 62,272 shares of the company, valued at approximately $4,899,560.96. The sale was disclosed in a legal filing with the SEC, which is available via this link. 0.77% of the shares are held by insiders.
Activision Blizzard Price Performance
Shares of NASDAQ: ATVI opened at $79.65 on Tuesday. Activision Blizzard, Inc. has a fifty-two-week low of $56.40 and a fifty-two-week high of $91.40. The company has a 50-day simple moving average of $77.39 and a two-hundred-day simple moving average of $78.24. The company has a debt ratio of 0.20, a quick ratio of 5.45 and a current ratio of 5.45. The company has a market cap of $62.28 billion, a price-to-earnings ratio of 25.21, a growth price-to-earnings ratio of 2.19, and a beta of 0.52.
Activision Blizzard (NASDAQ: ATVI – Get a rating) last released its results on Monday, April 25. The company reported earnings per share of $0.28 for the quarter, missing analyst consensus estimates of $0.67 per ($0.39). Activision Blizzard achieved a return on equity of 12.70% and a net margin of 29.82%. The company posted revenue of $1.77 billion in the quarter, versus $1.80 billion expected by analysts. During the same period last year, the company posted EPS of $0.69. Activision Blizzard’s quarterly revenue is down 22.3% compared to the same quarter last year. On average, analysts expect Activision Blizzard, Inc. to post earnings per share of 2.5 for the current year.
About Activision Blizzard
Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa and Asia-Pacific. The Company operates through three segments: Activision, Blizzard and King. It develops and distributes content and services on video game consoles, personal computers and mobile devices, including the sales of subscriptions, full games and games, as well as through the licensing of software to third-party or related companies that distribute Activision. and Blizzard products.
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