Guggenheim Capital LLC Has $24.06 Million Holdings in Activision Blizzard, Inc. (NASDAQ:ATVI)

Guggenheim Capital LLC decreased its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) by 22.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,350 shares of the company’s stock after selling 86,444 shares during the period. Guggenheim Capital LLC’s holdings in Activision Blizzard were worth $24,061,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Confluence Wealth Services Inc. acquired a new position in Activision Blizzard during the 4th quarter worth $25,000. MV Capital Management Inc. lifted its position in Activision Blizzard by 275.5% during the 1st quarter. MV Capital Management Inc. now owns 353 shares of the company’s stock worth $28,000 after acquiring an additional 259 shares during the last quarter. James Investment Research Inc. acquired a new position in Activision Blizzard during the 1st quarter worth $37,000. Professional Financial Advisors LLC acquired a new position in Activision Blizzard during the 1st quarter worth $38,000. Finally, Tcwp LLC acquired a new position in Activision Blizzard during the 1st quarter worth $38,000. Institutional investors and hedge funds own 78.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Activision Blizzard from $95.00 to $84.00 in a research report on Thursday, August 4th. Moffett Nathanson raised shares of Activision Blizzard from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Wednesday, August 3rd. Sixteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $94.05.

Activision Blizzard Price Performance

Shares of Activision Blizzard stock opened at $78.13 on Tuesday. The company has a current ratio of 6.18, a quick ratio of 6.18 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $61.12 billion, a price-to-earnings ratio of 32.55, a P/E/G ratio of 3.38 and a beta of 0.51. Activision Blizzard, Inc. has a 1-year low of $56.40 and a 1-year high of $86.90. The firm’s 50-day moving average price is $79.05 and its two-hundred day moving average price is $78.66.

Activision Blizzard (NASDAQ:ATVIGet Rating) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.09. Activision Blizzard had a net margin of 24.57% and a return on equity of 10.22%. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, equities analysts predict that Activision Blizzard, Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Daniel Alegre sold 10,000 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $78.16, for a total transaction of $781,600.00. Following the sale, the chief operating officer now directly owns 176,690 shares of the company’s stock, valued at $13,810,090.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Armin Zerza sold 10,174 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $80.22, for a total value of $816,158.28. Following the transaction, the chief financial officer now owns 186,117 shares of the company’s stock, valued at approximately $14,930,305.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Daniel Alegre sold 10,000 shares of Activision Blizzard stock in a transaction on Friday, September 9th. The stock was sold at an average price of $78.16, for a total value of $781,600.00. Following the sale, the chief operating officer now directly owns 176,690 shares of the company’s stock, valued at $13,810,090.40. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Activision Blizzard Profile

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Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products.

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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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