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Activision Blizzard INC (ATVI) Position Upped by Egerton Capital Uk Llp

06 May, 2018, 16:33 | Author: Rafael Roberts
  • Activision Blizzard's Q1 Earnings Leaked Ahead Of Release

Activision Blizzard's net revenue for its first quarter this year was up almost 14% compared to the same period last year, with the company hitting a first quarter record of $1.97 billion, the company reported Thursday. The hedge fund run by John Armitage held 11.05 million shares of the technology company at the end of 2017Q4, valued at $699.75M, up from 9.06M at the end of the previous reported quarter. It also reported that first-quarter profit rose to $500 million from $426 million a year ago.

At 3:03 p.m., while trading was still halted, Activision Blizzard officially reported adjusted earnings of 38 cents a share, topping expectations of 35 cents. The stock price is up +27.9% over the a year ago.

Dow Jones Newswires, the professional business information service operated by the Journal's publisher, inadvertently published select earnings results, including an incorrect revenue number, for Activision's latest quarter ahead of their scheduled release. Walleye Trading Limited Liability Company, a Minnesota-based fund reported 222,948 shs. (NASDAQ:ATVI). Brookmont Capital Mngmt invested in 0.16% or 5,792 shares. The news wire later revised its initial headline on revenue higher to $1.965 billion. Moreover, Axiom Invsts Ltd De has 0.67% invested in Activision Blizzard, Inc. Scopus Asset Management L P reported 0.7% stake. Egerton Capital UK LLP increased its position in shares of Activision Blizzard by 22.0% during the fourth quarter. Victory Cap Inc has invested 0.13% in Activision Blizzard, Inc.

Analysts have given a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Klingenstein Fields And Ltd owns 54,160 shares or 0.15% of their United States portfolio. Valley Natl Advisers holds 0.01% of its capital in Activision Blizzard, Inc. On Friday, February 9 the firm earned "Outperform" rating by Credit Suisse. The stock decreased 5.10% or $3.49 during the last trading session, reaching $64.9. Epoch Inv Prtn reported 1.32 million shares. $5.41 million worth of Activision Blizzard, Inc. The value of beta is explains if its stand on 1 means price moves with the market but if less than 1 means that security is theoretically less volatile than the market and vice versa. The company was maintained on Monday, October 30 by RBC Capital Markets. (NASDAQ:ATVI). 29,334 are held by Ontario Teachers Pension Plan Board. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. Activision Blizzard presently has an average rating of "Buy" and a consensus price target of $75.03. (NASDAQ:ATVI) or 70,351 shares.


Taking a look at another technical level, Activision Blizzard, Inc. Also, Director Brian G. Kelly sold 1,700,000 shares of the stock in a transaction that occurred on Friday, February 23rd. (NYSE:DKS) earned "Perform" rating by Oppenheimer on Tuesday, February 21. The insider Morhaime Michael sold $14.62 million. Finally, KeyCorp set a $80.00 target price on shares of Activision and gave the company a "buy" rating in a research report on Monday, January 8th. Cambridge Investment Research Advisors Inc. now owns 108,861 shares of the company's stock valued at $6,893,000 after purchasing an additional 48,667 shares during the last quarter. The company was maintained on Friday, February 9 by Piper Jaffray. As per Wednesday, October 18, the company rating was maintained by Leerink Swann. Benchmark maintained the shares of ATVI in report on Friday, August 7 with "Buy" rating. As per Tuesday, February 6, the company rating was maintained by Bank of America.

Activision Blizzard, Inc. develops and publishes games for video game consoles, personal computers, mobile devices, and online social platforms. 19 are the (NASDAQ:ATVI)'s ratings reports on 4 May 2018 according to StockzIntelligence Inc.

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