Capital International Sarl Has $9.89 Million Holdings in Activision Blizzard, Inc. (NASDAQ:ATVI)

Capital International Sarl raised its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 166,480 shares of the company’s stock after buying an additional 6,741 shares during the quarter. Activision Blizzard accounts for 1.5% of Capital International Sarl’s investment portfolio, making the stock its 18th largest holding. Capital International Sarl’s holdings in Activision Blizzard were worth $9,892,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. GWM Advisors LLC grew its holdings in Activision Blizzard by 4.2% during the fourth quarter. GWM Advisors LLC now owns 4,415 shares of the company’s stock valued at $262,000 after purchasing an additional 179 shares during the period. First Foundation Advisors grew its stake in Activision Blizzard by 3.1% in the fourth quarter. First Foundation Advisors now owns 7,018 shares of the company’s stock worth $417,000 after purchasing an additional 208 shares in the last quarter. Capital Analysts LLC lifted its holdings in shares of Activision Blizzard by 0.3% during the 4th quarter. Capital Analysts LLC now owns 74,165 shares of the company’s stock valued at $4,407,000 after purchasing an additional 208 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Activision Blizzard by 0.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 43,107 shares of the company’s stock worth $2,562,000 after acquiring an additional 217 shares during the last quarter. Finally, Ameritas Investment Company LLC raised its stake in Activision Blizzard by 45.1% in the 4th quarter. Ameritas Investment Company LLC now owns 711 shares of the company’s stock worth $42,000 after acquiring an additional 221 shares during the last quarter. 88.98% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on ATVI. BMO Capital Markets raised their target price on shares of Activision Blizzard from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. BidaskClub upgraded shares of Activision Blizzard from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. Benchmark reiterated a “buy” rating and issued a $72.00 target price on shares of Activision Blizzard in a report on Tuesday. Nomura reiterated a “buy” rating and issued a $70.00 target price on shares of Activision Blizzard in a report on Sunday, February 9th. Finally, Stephens reiterated an “overweight” rating on shares of Activision Blizzard in a report on Tuesday, March 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $64.89.

In other Activision Blizzard news, Director Robert J. Morgado sold 32,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $62.24, for a total transaction of $1,991,680.00. Following the transaction, the director now owns 85,161 shares of the company’s stock, valued at $5,300,420.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Christopher B. Walther sold 159,452 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $55.00, for a total transaction of $8,769,860.00. The disclosure for this sale can be found here. 1.29% of the stock is currently owned by corporate insiders.

ATVI traded up $3.27 on Thursday, reaching $56.14. The company had a trading volume of 4,358,002 shares, compared to its average volume of 11,255,580. Activision Blizzard, Inc. has a 1 year low of $41.84 and a 1 year high of $64.53. The stock has a market capitalization of $41.87 billion, a PE ratio of 28.79, a P/E/G ratio of 1.96 and a beta of 0.77. The company has a quick ratio of 2.49, a current ratio of 2.50 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $59.59 and a 200-day moving average price of $57.10.

Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.04. Activision Blizzard had a net margin of 23.18% and a return on equity of 13.16%. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the previous year, the company earned $0.84 earnings per share. Activision Blizzard’s quarterly revenue was down 4.5% compared to the same quarter last year. As a group, analysts expect that Activision Blizzard, Inc. will post 2.29 earnings per share for the current fiscal year.

The business also recently declared an annual dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 15th will be given a $0.41 dividend. The ex-dividend date is Tuesday, April 14th. This is a boost from Activision Blizzard’s previous annual dividend of $0.37. This represents a yield of 0.67%. Activision Blizzard’s payout ratio is 17.79%.

Activision Blizzard Profile

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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