Davidson Kempner Capital Management Lp adds Activision Blizzard (ATVI) to its portfolio

Activision Blizzard (ATVI) : Davidson Kempner Capital Management Lp added new position in Activision Blizzard during the most recent quarter end. The investment management firm now holds 1,250,000 shares of Activision Blizzard which is valued at $51,425,000 , the company said in a statement filed on Aug 15, 2016 with the SEC.Activision Blizzard makes up approximately 2.90% of Davidson Kempner Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Alkeon Capital Management reduced its stake in ATVI by selling 570,000 shares or 17.61% in the most recent quarter. The Hedge Fund company now holds 2,666,000 shares of ATVI which is valued at $109,679,240. Activision Blizzard makes up approx 2.08% of Alkeon Capital Management’s portfolio.Bokf Na reduced its stake in ATVI by selling 18,567 shares or 19.54% in the most recent quarter. The Hedge Fund company now holds 76,445 shares of ATVI which is valued at $3,144,947. Activision Blizzard makes up approx 0.11% of Bokf Na’s portfolio. Mirae Asset Global Investments Ltd. added ATVI to its portfolio by purchasing 26,415 company shares during the most recent quarter which is valued at $1,086,713. Activision Blizzard makes up approx 0.03% of Mirae Asset Global Investments Ltd.’s portfolio. O’shaughnessy Asset Management sold out all of its stake in ATVI during the most recent quarter. The investment firm sold 193 shares of ATVI which is valued $7,940. Alliance Trust Plc added ATVI to its portfolio by purchasing 1,594,692 company shares during the most recent quarter which is valued at $66,084,036. Activision Blizzard makes up approx 2.98% of Alliance Trust Plc’s portfolio.

Activision Blizzard opened for trading at $41.44 and hit $42.28 on the upside on Thursday, eventually ending the session at $42.15, with a gain of 1.89% or 0.78 points. The heightened volatility saw the trading volume jump to 78,21,223 shares. Company has a market cap of $31,253 M.

On the company’s financial health, Activision Blizzard reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.42. The company had revenue of $1609.00 million for the quarter, compared to analysts expectations of $1447.97 million. The company’s revenue was up 112.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Many Wall Street Analysts have commented on Activision Blizzard. Company shares were Reiterated by Mizuho on Sep 6, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $46 .Company shares were Reiterated by Stifel on Aug 8, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $45 .Company shares were Reiterated by Mizuho on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $42 .

Activision Blizzard Inc. is a developer and publisher of online personal computer (PC) video game console handheld mobile and tablet games. The Company offers games that operate on the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox 360 (Xbox 360) Nintendo Co. Ltd. (Nintendo) Wii U (Wii U) and Wii (Wii) and Sony Computer Entertainment Inc. (Sony) PlayStation 4 (PS4) and PlayStation 3 (PS3) console systems. The Company also develops products spanning other genres including first-person action action/adventure role-playing simulation and strategy. It distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft in the United Kingdom and NBG in Germany. The Company’s operating segments include Activision Publishing Inc. and its subsidiaries Blizzard Entertainment Inc. and its subsidiaries and Activision Blizzard Distribution.

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