Candy Crush Helps Activision Blizzard Microtransactions Sales Top $4 Billion in 2017


About 72.10 million shares traded or 61.64% up from the average.

Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, February 8th. It has outperformed by 31.13% the S&P500. Robinson Capital Management Llc sold 33,967 shares as the company's stock rose 0.78% with the market. The institutional investor held 34,611 shares of the railroads company at the end of 2017Q3, valued at $1.88M, down from 41,281 at the end of the previous reported quarter. Spindletop Capital Llc who had been investing in Svb Finl Group for a number of months, seems to be bullish on the $12.31 billion market cap company. The stock decreased 7.60% or $0.0114 during the last trading session, reaching $0.1386. The company's stock had a trading volume of 18,540,000 shares, compared to its average volume of 6,080,000. (NYSEMKT:DMF) has declined 6.20% since February 9, 2017 and is downtrending. It has outperformed by 57.91% the S&P500.

Since September 1, 2017, it had 0 insider purchases, and 2 selling transactions for $641,037 activity. $9.71 million worth of Activision Blizzard, Inc. Jefferies maintained the stock with "Buy" rating in Friday, August 11 report.

Spindletop Capital Llc, which manages about $98.50 million and $129.89 million US Long portfolio, decreased its stake in Us Bancorp Del (NYSE:USB) by 10,000 shares to 110,000 shares, valued at $5.90M in 2017Q3, according to the filing. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 4,100 shares in the quarter, leaving it with 188,700 shares, and cut its stake in Viavi Solutions Inc. Therefore 80% are positive. Activision Blizzard had 123 analyst reports since July 28, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of ATVI in report on Wednesday, November 1 with "Hold" rating. On Thursday, September 10 the stock rating was maintained by M Partners with "Neutral". Wedbush maintained it with "Outperform" rating and $53 target in Friday, November 4 report.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm's stock in a transaction dated Friday, November 17th. Finally, BidaskClub raised Activision Blizzard from a "hold" rating to a "buy" rating in a research note on Tuesday, January 16th. The rating was upgraded by Barclays Capital to "Overweight" on Friday, February 3. The firm has "Buy" rating given on Monday, August 8 by Stifel Nicolaus. (NASDAQ:ATVI) by 70.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Vetr lowered Activision Blizzard from a "hold" rating to a "sell" rating and set a $69.79 price objective on the a report on Monday, January 29th. The firm has "Buy" rating given on Friday, October 27 by SunTrust.

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While Activision didn't provide specific dollar amounts, they revealed their King mobile division (Candy Crush Saga) was the "biggest contributor to our record year of in-game net [sales.]" In 2017 King managed to increase average in-game sales per user by double digits. It improved, as 63 investors sold F shares while 354 reduced holdings.

Other hedge funds also recently added to or reduced their stakes in the company. Security National Tru reported 1,500 shares. Mizuho maintained Activision Blizzard, Inc. "(NASDAQ:ATVI)" was first published by The Lincolnian Online and is owned by of The Lincolnian Online. Bartlett Co Limited Liability Co reported 900 shares. The release of Zombie Chronicles for Call of Duty: Black Ops 3 further demonstrated the value of DLC, as Activision Blizzard president and COO Coddy Johnson said it was "the number one add-on offering of the year for PlayStation North America", despite Black Ops 3 being nearly two years old when it came out. Voya Investment Limited Liability Co has 2.29M shares for 0.06% of their portfolio.

Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) for 180,545 shares. Abner Herrman & Brock Llc reported 86,642 shares. Ci Investments stated it has 68,343 shares or 0.09% of all its holdings. Teacher Retirement Systems Of Texas has invested 0.15% in Activision Blizzard, Inc. The rating was maintained by Mizuho on Friday, January 13 with "Buy". Peddock Capital Advsrs Limited Liability Corp holds 0.02% or 480 shares. Ubs Asset Americas has invested 0.02% in SVB Financial Group (NASDAQ:SIVB). (NASDAQ:ATVI). Bnp Paribas Arbitrage has 0.07% invested in Activision Blizzard, Inc. 25,046 were accumulated by Rdl Financial Inc.

Investors sentiment decreased to 0.88 in Q3 2017. Its up 0.23, from 1.15 in 2017Q2. The Manufacturers Life Insurance Company grew its holdings in Activision Blizzard by 39.0% in the 2nd quarter. 48 funds opened positions while 163 raised stakes. Invesco Limited reported 598,115 shares. M&T Bancorporation Corp reported 0.01% of its portfolio in Xilinx, Inc. Jacobson & Schmitt Advisors Limited Liability invested in 11,690 shares. Gulf Int Retail Bank (Uk) holds 0.19% or 223,399 shares in its portfolio. Svcs Automobile Association accumulated 402,813 shares. Capital Glob owns 1.13M shares. Ferguson Wellman Mngmt Incorporated holds 18,573 shares. First Manhattan Co. now owns 12,122 shares of the company's stock valued at $781,000 after acquiring an additional 860 shares during the last quarter. Moreover, Ironwood Inv Management has 0.34% invested in Williams-Sonoma, Inc.