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Activision Blizzard

15 Posts
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  1. Goudvis69 15 november 2014 14:23

    Steve Birenberg, CFA
    Portfolio Manager, long only, ETF investing
    Profile| Send Message|
    Follow (234 followers)
    Activision Blizzard: Attractive Play On Video Game Cycle
    Nov. 14, 2014 4:42 PM ET | About: Activision Blizzard, Inc (ATVI)

    Activision Blizzard (NASDAQ:ATVI) is a new buy for Northlake clients. Now is a good time to invest in ATVI following recently announced better than expected third quarter results. In addition, there have been concerns about growth at ATVI for 2015, but the worries seem to be easing due to the just reported better than expected sales and recent announcements about the pipeline of games in 2015. ATVI is trading at a meaningful discount to its peers. As growth expectations pick up, we believe ATVI could experience expansion in its P-E to match the industry average.

    An additional positive is that there could be upside to 2015 EPS estimates as Vivendi sells the last tranche of ATVI stock it received in the sale of Blizzard to Activision. Over the years, ATVI has been opportunistically buying back its own shares and more share buybacks could drive 2015 EPS estimates higher.

    The bottom line is that Northlake has taken a new long position in ATVI at what we see as a low valuation on conservative earnings estimates. We believe that the P-E multiple could expand from 14x to 16x 2015 earnings of $1.50 per share, giving us a price target of $24 for a gain of 20%. At 16x earnings, ATVI would still trade at a discount to its closest peer, Electronic Arts (NASDAQ:EA), which trades at over 18x 2015 estimates presently. Should the story evolve as we expect, especially success in recently introduced games and the game releases in 2015, a secondary target in the upper $20s is achievable in the next 12 months.

    The video game industry as a whole is looking strong as a new generation of game consoles has been selling briskly and well ahead of initial expectations. Gamers should now shift their spending to software for their new consoles. ATVI has a strong pipeline of next generation games to drive growth during the hardware to software shift, starting this holiday season.

    Key titles include the recently released Destiny and Call of Duty: Advanced Warfare and the upcoming expansions to World of Warcraft, Starcraft and Skylanders. Additionally, the Blizzard unit announced their first new intellectual property in 17 years, Overwatch. The initial beta of the game offered to attendees at last week’s Blizzcon convention was met favorably. Another new title for 2015 that has received good buzz is Heroes of the Storm.

    Overall, we believe ATVI is well positioned for a successful holiday season and for growth in 2015 and beyond. The shares are currently undervalued with positive catalysts lined up from now through 2015.

    Disclosure: ATVI is widely held by clients of Northlake Capital Management, LLC, including in Steve Birenberg’s personal accounts. Steve is sole proprietor of Northlake, a registered investment advisor. Northlake’s regulatory filings can be found at www.sec.gov. ATVI is a net long position in the Entermedia Funds. Steve is portfolio manager and managing partner of Entermedia, long/short equity hedge funds focused on media, entertainment, leisure, communications, and related technologies.

    seekingalpha.com/article/2683885-acti...
  2. Goudvis69 20 november 2014 14:45
    Settlement Reached in Activision Blizzard Shareholder Case

    By
    Published: Nov 19, 2014 4:34 p.m. ET

    0
    SANTA MONICA, Calif., Nov 19, 2014 (BUSINESS WIRE) -- Activision Blizzard, Inc. ATVI, -2.20% today announced that an agreement has been reached to settle the consolidated derivative and class action shareholder case stemming from the October 2013 purchase by the Company and an investor group of 88 percent of Vivendi SA’s shares in the Company. The settlement is subject to completion of appropriate documentation and approval by the Delaware Chancery Court.

    Multiple insurance companies, along with various defendants, will pay Activision Blizzard $275 million. The Company believes the settlement, which acknowledges no wrongdoing by any party, is in the interest of all stakeholders.

    The Board of Directors stated: “The transaction, structured through the efforts and significant personal investment of Bobby Kotick and Brian Kelly, has contributed to the creation of over $3 billion of value for shareholders. We are pleased to be able to put this matter to rest.”

    Other terms of the settlement include the addition of two unaffiliated Company directors, payment of reasonable and customary fees and costs of plaintiff’s attorneys by the Company, an adjustment of voting rights and a global release of all claims against the defendants.

    The October 2013 transaction was approved by Vivendi SA and the Company’s Board of Directors following a recommendation of a Special Committee of independent directors formed by the Board of Directors to negotiate the transaction on behalf of the Company.

    About Activision Blizzard

    Activision Blizzard, Inc. is the largest and most profitable independent western interactive entertainment publishing company. It develops and publishes some of the most successful and beloved entertainment franchises in any medium, including Call of Duty®, Destiny®, Skylanders®,World of Warcraft®, StarCraft®, and Diablo®.

    Headquartered in Santa Monica, California, it maintains operations throughout the United States, Europe, and Asia. Activision Blizzard develops and publishes games on all leading interactive platforms and its games are available in most countries around the world. More information about Activision Blizzard and its products can be found on the company's website, www.activisionblizzard.com.

    SOURCE: Activision Blizzard, Inc.

    Activision Blizzard, Inc.
    Mary Osako
    (424) 322-5166
    mary.osako@activision.com

    Copyright Business Wire 2014
  3. Goudvis69 4 december 2014 16:49
    Activision Blizzard (ATVI) Stock Higher Today on 'Call of Duty Online' Reviews in China
    BYSebastian SilvaFollow | 12/04/14 - 10:23 AM EST|

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    Stocks in this article: ATVI
    Find out if (ATVI) is in Cramer's Portfolio.
    NEW YORK (TheStreet) -- Shares of Activision Blizzard (ATVI) are up 1.12% to $21.72 as reviews fueled Pacific Crest analysts' optimism on the commercialization potential of its Call of Duty Online video game in China.

    Call of Duty Online is currently the most anticipated upcoming game on Tencent's gaming portal, analysts said, citing approximately 3,700 reviews on games.qq.com that yielded a 9.5 user rating out of 10.

    "After reading consumer reviews of the closed beta version, we are much more optimistic it will be a success," analysts said about the game set to release in China on January 11, 2015.
  4. Goudvis69 5 december 2014 08:58
    De 22 dollar is dus helaas (nog) niet behaald. Misschien vanavond?

    by Kara Harper - Dec 4, 2014 5:05 pm EST


    WallStreet Scope – Thursday December 4th: Closing Bell Reports

    Activision Blizzard, Inc. (ATVI) of the Technology finished up Thursday at $21.77 with a relative volume of 0.89. Activision Blizzard, Inc. (ATVI) changed today by 1.35% (change from open of 1.16%) at a volume of 8,220,556 shares. Activision Blizzard, Inc. (ATVI) currently has a weekly performance of- 1.15% and a 52 week low of 32.82% and insider ownership of 1.20%. Activision Blizzard, Inc. (ATVI)’s monthly performance stands at 5.81% in the Multimedia & Graphics Software industry and we give it a recommendation of1.7 for tomorrow (Scale = 5 Strong Sell – 3 Neutral – 1 Strong Buy)
  5. Goudvis69 14 februari 2015 16:46
    Inmiddels boven de 23 dollar en een upgrade

    NEW YORK (TheStreet) -- Activision Blizzard (ATVI - Get Report) has been upgraded by TheStreet Ratings from Hold to Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

    "We rate ACTIVISION BLIZZARD INC (ATVI) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
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