Janney Montgomery Scott LLC Has $3.67 Million Stock Holdings in Activision Blizzard, Inc. (NASDAQ:ATVI)

Janney Montgomery Scott LLC raised its stake in Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) by 18.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,304 shares of the company’s stock after acquiring an additional 7,703 shares during the period. Janney Montgomery Scott LLC’s holdings in Activision Blizzard were worth $3,665,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATVI. ACG Wealth acquired a new position in Activision Blizzard in the 2nd quarter valued at $25,000. Joseph P. Lucia & Associates LLC bought a new position in shares of Activision Blizzard in the 2nd quarter valued at $25,000. Orion Capital Management LLC increased its stake in shares of Activision Blizzard by 75.7% in the 2nd quarter. Orion Capital Management LLC now owns 355 shares of the company’s stock valued at $28,000 after purchasing an additional 153 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Activision Blizzard in the 3rd quarter valued at $33,000. Finally, Activest Wealth Management increased its stake in shares of Activision Blizzard by 203.9% in the 3rd quarter. Activest Wealth Management now owns 471 shares of the company’s stock valued at $35,000 after purchasing an additional 316 shares during the last quarter. 79.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Raymond James upgraded Activision Blizzard from a “market perform” rating to an “outperform” rating and set a $95.00 price target on the stock in a research note on Thursday, November 10th. MKM Partners upgraded Activision Blizzard from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Tuesday, November 15th. Robert W. Baird upgraded Activision Blizzard from a “neutral” rating to an “outperform” rating and set a $95.00 price objective on the stock in a research report on Tuesday, November 22nd. Wells Fargo & Company upgraded Activision Blizzard from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a research report on Monday, November 28th. Finally, Truist Financial upgraded Activision Blizzard from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $79.00 to $81.00 in a research report on Monday, November 28th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $93.11.

Activision Blizzard Stock Down 0.9 %

Shares of ATVI opened at $77.00 on Thursday. The company has a market capitalization of $60.26 billion, a PE ratio of 36.15, a PEG ratio of 2.35 and a beta of 0.47. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 0.19. The stock’s 50-day moving average price is $75.34 and its two-hundred day moving average price is $76.40. Activision Blizzard, Inc. has a 12 month low of $62.99 and a 12 month high of $86.90.

Activision Blizzard (NASDAQ:ATVIGet Rating) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.16. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.70 billion. Activision Blizzard had a return on equity of 9.64% and a net margin of 22.75%. On average, analysts anticipate that Activision Blizzard, Inc. will post 2.61 EPS for the current year.

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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