Trade Report: The Proficio Capital Partners LLC decides to keep it stake in Activision Blizzard Inc. (ATVI) to the level of $1,402,000

The Proficio Capital Partners LLC decides to keep it stake in Activision Blizzard Inc. (ATVI) to the level of $1,402,000

Proficio Capital Partners LLC increased its position in shares of Activision Blizzard Inc. (NASDAQ:ATVI) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 34,807 shares of the company’s stock after buying an additional 94 shares during the period. Activision Blizzard accounts for approximately 0.9% of Proficio Capital Partners LLC’s holdings, making the stock its 29th largest position. Proficio Capital Partners LLC’s holdings in Activision Blizzard were worth $1,402,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. NN Investment Partners Holdings N.V. bought a new stake in shares of Activision Blizzard during the first quarter worth about $1,151,000. Aviva PLC raised its stake in shares of Activision Blizzard by 3.6% in the first quarter. Aviva PLC now owns 351,149 shares of the company’s stock worth $11,883,000 after buying an additional 12,180 shares during the period. Credit Agricole S A raised its stake in shares of Activision Blizzard by 99.1% in the first quarter. Credit Agricole S A now owns 213,420 shares of the company’s stock worth $7,223,000 after buying an additional 106,249 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Activision Blizzard by 71.3% in the first quarter. Canada Pension Plan Investment Board now owns 270,828 shares of the company’s stock worth $9,165,000 after buying an additional 112,700 shares during the period. Finally, Rafferty Asset Management LLC raised its stake in shares of Activision Blizzard by 8.5% in the first quarter. Rafferty Asset Management LLC now owns 24,187 shares of the company’s stock worth $818,000 after buying an additional 1,902 shares during the period. Institutional investors and hedge funds own 83.74% of the company’s stock.

Activision Blizzard Inc. (NASDAQ:ATVI) traded down 0.37% during midday trading on Monday, reaching $43.53. 4,725,751 shares of the company’s stock were exchanged. Activision Blizzard Inc. has a 1-year low of $26.49 and a 1-year high of $45.12. The firm’s 50-day moving average is $43.50 and its 200 day moving average is $39.51. The stock has a market cap of $32.28 billion, a P/E ratio of 43.84 and a beta of 1.09.

Activision Blizzard (NASDAQ:ATVI) last announced its earnings results on Thursday, August 4th. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.03. Activision Blizzard had a net margin of 13.95% and a return on equity of 14.49%. The company earned $1.57 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm posted $0.13 earnings per share. The company’s revenue was up 112.0% on a year-over-year basis. Equities analysts anticipate that Activision Blizzard Inc. will post $1.99 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the stock. Pacific Crest reiterated a “buy” rating on shares of Activision Blizzard in a research note on Sunday, June 26th. Vetr upgraded shares of Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $41.75 price objective on the stock in a research note on Tuesday, June 28th. Robert W. Baird reiterated an “outperform” rating on shares of Activision Blizzard in a research note on Thursday, June 30th. Cowen and Company reiterated an “outperform” rating and set a $44.00 price objective on shares of Activision Blizzard in a research note on Friday, July 1st. Finally, Wedbush reiterated an “outperform” rating and set a $43.00 price objective on shares of Activision Blizzard in a research note on Wednesday, July 6th. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $45.30.

In related news, COO Thomas Tippl sold 44,427 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $41.83, for a total transaction of $1,858,381.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert A. Kotick sold 4,588,775 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $40.51, for a total transaction of $185,891,275.25. Following the sale, the chief executive officer now directly owns 797,049 shares of the company’s stock, valued at $32,288,454.99. The disclosure for this sale can be found here. Corporate insiders own 25.23% of the company’s stock.

About Activision Blizzard

Activision Blizzard, Inc is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments.

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