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Activision Blizzard Outguns Wall Street Views For Holiday-Sales Quarter

Activision Blizzard Outguns Wall Street Views For Holiday-Sales Quarter

Alkeon Capital Management LLC now owns 3,822,121 shares of the company's stock worth $246,565,000 after purchasing an additional 10,000 shares during the period. The institutional investor held 301,746 shares of the technology company at the end of 2017Q3, valued at $19.47M, down from 358,867 at the end of the previous reported quarter. Eulav Asset Management who had been investing in Activision Blizzard Inc for a number of months, seems to be bullish on the $48.34 billion market cap company. The stock decreased 0.06% or $0.0125 during the last trading session, reaching $20.0275. About 17.79M shares traded or 207.97% up from the average.

Video game publisher Activision Blizzard (ATVI) earned plaudits from analysts on Friday for its December-quarter report, but investors were cautious in an unsettled market. It has outperformed by 31.13% the S&P500. Spindletop Capital Llc bought 3,350 shares as the company's stock declined 4.82% while stock markets rallied. During the same quarter in the previous year, the company earned $0.65 EPS. research analysts forecast that Activision Blizzard, Inc. will post 2.13 earnings per share for the current fiscal year. The stock decreased 0.03% or $0.01 during the last trading session, reaching $38.18. About 204,415 shares traded. It has outperformed by 33.20% the S&P500. Its up 0.23, from 1.15 in 2017Q2. 115 funds opened positions while 470 raised stakes. Activision Blizzard makes up 1.7% of Front Barnett Associates LLC's investment portfolio, making the stock its 23rd largest holding. Wellington Shields & Communication Ltd Llc holds 0.16% or 7,550 shares. Beese Fulmer Inv Management Incorporated reported 303,148 shares. State Board Of Administration Of Florida Retirement System invested in 1.01 million shares or 0.18% of the stock. Victory Capital, Ohio-based fund reported 725,850 shares.

On 2/8/2013 Activision Blizzard announced a annual dividend of $0.19 1.42% with an ex dividend date of 3/18/2013 which will be payable on 5/15/2013. (NASDAQ:ATVI). 230,745 were accumulated by Leuthold Grp Ltd Liability Company. Twin Tree Management Limited Partnership reported 3,537 shares. (NASDAQ:ATVI). Meeder Asset Mgmt reported 0.31% stake. Landscape Capital Mgmt Limited Liability Corporation invested in 0.1% or 14,762 shares.

Since August 11, 2017, it had 0 insider buys, and 1 sale for $1.21 million activity. Cox Philip C had sold 1,175 shares worth $297,007 on Friday, February 2. KeyCorp set a $83.00 price objective on shares of Activision Blizzard and gave the stock a "buy" rating in a report on Friday. Therefore 80% are positive. Activision Blizzard had 123 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has "Buy" rating by Credit Suisse on Friday, August 4. Piper Jaffray maintained the stock with "Buy" rating in Tuesday, May 30 report.

O'Shea rates Activision stock as buy and raised his price target to 86 from 82. The firm has a market cap of $50,720.00, a price-to-earnings ratio of 45.95, a price-to-earnings-growth ratio of 1.91 and a beta of 1.11.

Among 2 analysts covering Hovnanian (NYSE:HOV), 0 have Buy rating, 2 Sell and 0 Hold. On Tuesday, September 6 the stock rating was maintained by Mizuho with "Buy". The firm has "Buy" rating given on Friday, October 27 by SunTrust.

More news: 'House of Cards' and 'The Wire' Star Reg E

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.23, from 1.15 in 2017Q2. It is positive, as 37 investors sold ATVI shares while 205 reduced holdings.

A number of other hedge funds have also added to or reduced their stakes in ATVI.

"Blizzard generated record results for the year with no major game release, fueled by a steady stream of content and events across their franchises, in particular Overwatch, Hearthstone and World of Warcraft", Activision Blizzard chief financial officer Spencer Neumann said in the earnings call (via Seeking Alpha). (NASDAQ:ATVI) for 9,809 shares. It also increased its holding in Murphy Usa Inc (NYSE:MUSA) by 146,269 shares in the quarter, for a total of 2.35 million shares, and has risen its stake in Western Digital Corp (NASDAQ:WDC). Wetherby Asset Mgmt invested in 7,512 shares or 0.07% of the stock. Svcs Automobile Association accumulated 402,813 shares.

IFC Holdings Incorporated FL decreased its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI). Moreover, Spark Mngmt Limited Co has 0.1% invested in Activision Blizzard, Inc. Guggenheim Cap Limited Liability Com owns 1.34 million shares. Ledyard Fincl Bank has 492 shares for 0% of their portfolio.

Interesting, despite the condemnation of microtransactions within games like Star Wars Battlefront II, Activision Blizzard revealed they earned over $4 billion from in-game purchases. (NASDAQ:ATVI) or 70,561 shares. 167,308 were reported by Zacks. Finally, Alkeon Capital Management LLC boosted its stake in Activision Blizzard by 0.3% in the 3rd quarter.


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