IFP Advisors Nearly Quintuples Take-Two Stake in Q3
IFP Advisors raised its Take-Two Interactive position by 398.2% during the third quarter, adding 9,060 shares for a total of 11,335 shares worth about $2.35 million. The company posted revenue of $1.53 billion, topping estimates, but reported a quarterly loss of $0.18 per share. Analysts currently have a Moderate Buy consensus with an average target price of $298.82.
The filing shows IFP Advisors ended Q3 with 11,335 TTWO shares after adding 9,060, a 398.2% increase; the stake was valued near $2.35 million. Institutional and hedge-fund ownership stands at 95.46%, underscoring how heavily professional investors influence the stock's trading profile.
Take-Two's latest quarter generated $1.53 billion in revenue, exceeding expectations, but the company posted a $0.18 per-share loss. Analyst sentiment is mostly favorable: 18 Buy ratings, one Strong Buy, one Hold and one Sell, with a $298.82 consensus target. Company insiders disposed of 53,636 shares valued near $12.9 million during the preceding 90-day window.
News that a professional investor sharply increased its Take-Two stake may draw attention from retail shareholders and employees, potentially influencing short-term sentiment around the shares. Because institutional ownership is already high, such filings could reinforce perceptions that large investors are shaping market moves, while ordinary savers exposed through funds may see indirect effects. The company’s revenue beat and loss may also affect how consumers and workers view its financial health.