NBW Capital LLC boosted its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,767 shares of the company’s stock after acquiring an additional 1,595 shares during the period. NBW Capital LLC’s holdings in Activision Blizzard were worth $3,600,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATVI. Advisory Alpha LLC purchased a new stake in Activision Blizzard during the 3rd quarter valued at approximately $25,000. Fieldpoint Private Securities LLC purchased a new stake in Activision Blizzard during the 4th quarter valued at approximately $29,000. Ropes Wealth Advisors LLC purchased a new stake in Activision Blizzard during the 4th quarter valued at approximately $29,000. Clearview Wealth Advisors LLC purchased a new stake in Activision Blizzard during the 4th quarter valued at approximately $40,000. Finally, BNC Wealth Management LLC purchased a new stake in Activision Blizzard during the 3rd quarter valued at approximately $42,000. Institutional investors own 85.77% of the company’s stock.
Shares of NASDAQ:ATVI traded down $1.15 on Tuesday, hitting $95.43. 129,900 shares of the company’s stock were exchanged, compared to its average volume of 6,030,039. Activision Blizzard, Inc. has a 12 month low of $50.51 and a 12 month high of $104.53. The stock has a market capitalization of $73.75 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 1.72 and a beta of 0.71. The business’s 50 day simple moving average is $95.21 and its two-hundred day simple moving average is $84.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.12 and a quick ratio of 4.12.
The firm also recently announced an annual dividend, which will be paid on Thursday, May 6th. Stockholders of record on Thursday, April 15th will be given a dividend of $0.47 per share. This represents a dividend yield of 0.46%. This is an increase from Activision Blizzard’s previous annual dividend of $0.41. The ex-dividend date of this dividend is Wednesday, April 14th. Activision Blizzard’s dividend payout ratio (DPR) is 19.71%.
ATVI has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Activision Blizzard from $100.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, February 18th. Zacks Investment Research lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a report on Monday, November 2nd. JPMorgan Chase & Co. increased their price objective on shares of Activision Blizzard from $101.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, February 5th. Benchmark raised their target price on shares of Activision Blizzard from $102.00 to $109.00 and gave the company a “buy” rating in a report on Friday, October 30th. Finally, Raymond James reissued a “buy” rating on shares of Activision Blizzard in a report on Monday. Four investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $101.93.
In other news, Director Casey Wasserman sold 10,000 shares of Activision Blizzard stock in a transaction on Friday, December 4th. The stock was sold at an average price of $80.75, for a total transaction of $807,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.13% of the stock is currently owned by company insiders.
About Activision Blizzard
Activision Blizzard, Inc, together with its subsidiaries, develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment.
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