Toronto Dominion Bank lowered its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) by 62.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 762,396 shares of the company's stock after selling 1,295,071 shares during the quarter. Toronto Dominion Bank owned about 0.10% of Activision Blizzard worth $56,657,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Householder Group Estate & Retirement Specialist LLC purchased a new position in Activision Blizzard in the 3rd quarter worth approximately $33,000. Activest Wealth Management boosted its stake in shares of Activision Blizzard by 203.9% during the 3rd quarter. Activest Wealth Management now owns 471 shares of the company's stock valued at $35,000 after buying an additional 316 shares during the last quarter. Fairfield Bush & CO. purchased a new position in shares of Activision Blizzard during the 1st quarter valued at approximately $41,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Activision Blizzard during the 3rd quarter valued at approximately $58,000. Finally, Eagle Bay Advisors LLC purchased a new position in shares of Activision Blizzard during the 2nd quarter valued at approximately $71,000. Hedge funds and other institutional investors own 79.34% of the company's stock.
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Activision Blizzard Trading Down 4.9 %
Shares of ATVI stock opened at $71.58 on Tuesday. The stock has a 50-day simple moving average of $75.97 and a 200 day simple moving average of $76.13. Activision Blizzard, Inc. has a fifty-two week low of $70.94 and a fifty-two week high of $82.00. The stock has a market capitalization of $56.02 billion, a P/E ratio of 33.61, a P/E/G ratio of 2.28 and a beta of 0.42. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 0.19.
Activision Blizzard (NASDAQ:ATVI – Get Rating) last released its earnings results on Monday, November 7th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.16. Activision Blizzard had a net
margin of 22.75% and a return on equity of 9.64%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.70 billion. On average, sell-side analysts expect that Activision Blizzard, Inc. will post 2.62 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on ATVI. Raymond James upgraded Activision Blizzard from a "market perform" rating to an "outperform" rating and set a $95.00 target price for the company in a research note on Thursday, November 10th. Wedbush reissued an "outperform" rating and set a $95.00 price target on shares of Activision Blizzard in a research report on Friday, January 27th. Benchmark reissued a "buy" rating and set a $100.00 price target on shares of Activision Blizzard in a research report on Friday, December 9th. Deutsche Bank Aktiengesellschaft dropped their price target on Activision Blizzard from $84.00 to $83.00 in a research report on Wednesday, November 16th. Finally, Wells Fargo & Company raised Activision Blizzard from an "equal weight" rating to an "overweight" rating and set a $95.00 price target on the stock in a research report on Monday, November 28th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $91.85.
About Activision Blizzard
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Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. It operates through the following segments: Activision Publishing, Blizzard Entertainment, and King Digital Entertainment. The Activision Publishing segment delivers content through both premium and free-to-play offerings and generates revenue from full-game and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision products.
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