Activision Blizzard, Inc. (NASDAQ:ATVI) Shares Purchased by Coastline Trust Co

Coastline Trust Co boosted its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,925 shares of the company’s stock after purchasing an additional 990 shares during the quarter. Coastline Trust Co’s holdings in Activision Blizzard were worth $2,695,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Truvestments Capital LLC increased its stake in Activision Blizzard by 4.6% in the third quarter. Truvestments Capital LLC now owns 4,428 shares of the company’s stock valued at $234,000 after purchasing an additional 194 shares during the last quarter. Cornerstone Advisors Inc. increased its stake in Activision Blizzard by 13.1% during the second quarter. Cornerstone Advisors Inc. now owns 1,972 shares of the company’s stock worth $93,000 after acquiring an additional 229 shares during the last quarter. Dowling & Yahnke LLC increased its stake in Activision Blizzard by 1.0% during the second quarter. Dowling & Yahnke LLC now owns 26,404 shares of the company’s stock worth $1,246,000 after acquiring an additional 258 shares during the last quarter. Burns J W & Co. Inc. NY increased its stake in Activision Blizzard by 3.8% during the third quarter. Burns J W & Co. Inc. NY now owns 7,880 shares of the company’s stock worth $417,000 after acquiring an additional 290 shares during the last quarter. Finally, Executive Wealth Management LLC increased its stake in Activision Blizzard by 42.5% during the second quarter. Executive Wealth Management LLC now owns 1,026 shares of the company’s stock worth $48,000 after acquiring an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 87.04% of the company’s stock.

Several equities research analysts have commented on ATVI shares. Wedbush restated an “outperform” rating and set a $60.00 price target on shares of Activision Blizzard in a research note on Friday, August 9th. Bank of America upped their price target on Activision Blizzard from $57.00 to $62.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Ascendiant Capital Markets restated a “buy” rating and set a $55.00 price target (up from $53.00) on shares of Activision Blizzard in a research note on Wednesday, August 14th. TheStreet upgraded Activision Blizzard from a “c+” rating to a “b-” rating in a research note on Tuesday, August 13th. Finally, Citigroup upped their price target on Activision Blizzard from $47.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 15th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Activision Blizzard presently has an average rating of “Buy” and a consensus price target of $59.50.

In related news, insider Christopher B. Walther sold 5,333 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $50.34, for a total value of $268,463.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian M. Stolz sold 134,845 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $47.80, for a total value of $6,445,591.00. Following the completion of the transaction, the insider now directly owns 58,563 shares of the company’s stock, valued at approximately $2,799,311.40. The disclosure for this sale can be found here. Insiders sold 150,844 shares of company stock valued at $7,266,020 in the last three months. 1.29% of the stock is currently owned by company insiders.

ATVI stock opened at $54.54 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.43 and a current ratio of 3.46. Activision Blizzard, Inc. has a 1 year low of $39.85 and a 1 year high of $74.58. The firm has a market cap of $42.64 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 2.15 and a beta of 0.85. The stock has a 50-day simple moving average of $54.03 and a 200-day simple moving average of $48.40.

Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, August 8th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. Activision Blizzard had a return on equity of 15.54% and a net margin of 23.69%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was down 12.9% compared to the same quarter last year. On average, equities research analysts predict that Activision Blizzard, Inc. will post 2 EPS for the current year.

About Activision Blizzard

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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