Activision Blizzard (ATVI) : Thrax Management added new position in Activision Blizzard during the most recent quarter end. The investment management firm now holds 293,048 shares of Activision Blizzard which is valued at $12,055,995 , the company said in a statement filed on Aug 12, 2016 with the SEC.Activision Blizzard makes up approximately 3.52% of Thrax Management’s portfolio.
Other Hedge Funds, Including , Levin Capital Strategies added ATVI to its portfolio by purchasing 10,700 company shares during the most recent quarter which is valued at $440,198. Activision Blizzard makes up approx 0.01% of Levin Capital Strategies’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.Blackrock Fund Advisors reduced its stake in ATVI by selling 1,744,070 shares or 19.32% in the most recent quarter. The Hedge Fund company now holds 7,284,884 shares of ATVI which is valued at $299,700,128. Activision Blizzard makes up approx 0.06% of Blackrock Fund Advisors’s portfolio. Los Angeles Capital Management Equity Research Inc added ATVI to its portfolio by purchasing 5,288 company shares during the most recent quarter which is valued at $218,447.
Activision Blizzard opened for trading at $41.11 and hit $41.6 on the upside on Monday, eventually ending the session at $41.29, with a gain of 0.58% or 0.24 points. The heightened volatility saw the trading volume jump to 59,17,403 shares. Company has a market cap of $30,615 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 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 .Company shares were Reiterated by Wedbush on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 48 from a previous price target of $43 .
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.