Garde Capital Inc. Purchases 645 Shares of Activision Blizzard, Inc. (NASDAQ:ATVI)

Garde Capital Inc. raised its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 24.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,281 shares of the company’s stock after buying an additional 645 shares during the period. Garde Capital Inc.’s holdings in Activision Blizzard were worth $281,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ATVI. Migdal Insurance & Financial Holdings Ltd. boosted its position in Activision Blizzard by 186.4% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 338 shares of the company’s stock valued at $29,000 after buying an additional 220 shares during the last quarter. Front Row Advisors LLC grew its stake in shares of Activision Blizzard by 140.4% during the first quarter. Front Row Advisors LLC now owns 351 shares of the company’s stock worth $30,000 after purchasing an additional 205 shares during the period. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Activision Blizzard during the first quarter worth $35,000. Ameritas Advisory Services LLC acquired a new stake in shares of Activision Blizzard during the first quarter worth $38,000. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of Activision Blizzard during the fourth quarter worth $40,000. 81.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Raymond James cut Activision Blizzard to a “market perform” rating in a research note on Tuesday, July 11th. Edward Jones cut Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. BNP Paribas lowered Activision Blizzard from an “outperform” rating to a “neutral” rating and set a $95.00 target price on the stock. in a report on Thursday, July 13th. Truist Financial lowered Activision Blizzard from a “buy” rating to a “hold” rating and lifted their target price for the stock from $84.00 to $95.00 in a report on Wednesday, July 12th. Finally, Moffett Nathanson lowered Activision Blizzard from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $91.00 to $95.00 in a report on Wednesday, July 12th. Sixteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Activision Blizzard currently has an average rating of “Hold” and an average target price of $94.37.

Activision Blizzard Stock Up 0.4 %

Shares of NASDAQ:ATVI traded up $0.34 during midday trading on Wednesday, reaching $92.47. The company had a trading volume of 1,005,175 shares, compared to its average volume of 8,316,817. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average price is $90.96 and its 200 day moving average price is $84.36. The stock has a market cap of $72.76 billion, a PE ratio of 33.75, a P/E/G ratio of 2.55 and a beta of 0.44. Activision Blizzard, Inc. has a 1-year low of $70.94 and a 1-year high of $93.67.

Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Wednesday, July 19th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.17. The business had revenue of $2.46 billion for the quarter, compared to the consensus estimate of $2.44 billion. Activision Blizzard had a return on equity of 14.87% and a net margin of 24.87%. Research analysts forecast that Activision Blizzard, Inc. will post 3.74 EPS for the current fiscal year.

Activision Blizzard Increases Dividend

The firm also recently declared an annual dividend, which was paid on Thursday, August 17th. Shareholders of record on Wednesday, August 2nd were given a dividend of $0.99 per share. This represents a yield of 1.07%. The ex-dividend date of this dividend was Tuesday, August 1st. This is an increase from Activision Blizzard’s previous annual dividend of $0.47. Activision Blizzard’s payout ratio is 36.26%.

About Activision Blizzard

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.