Activision Blizzard, Inc. (NASDAQ:ATVI) Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC lessened its stake in Activision Blizzard, Inc. (NASDAQ:ATVI) by 86.4% during the second quarter, HoldingsChannel.com reports. The firm owned 2,306 shares of the company’s stock after selling 14,687 shares during the period. Wealthspire Advisors LLC’s holdings in Activision Blizzard were worth $220,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ATVI. Comgest Global Investors S.A.S. raised its stake in shares of Activision Blizzard by 256.2% in the 2nd quarter. Comgest Global Investors S.A.S. now owns 3,048,210 shares of the company’s stock valued at $290,921,000 after purchasing an additional 2,192,485 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Activision Blizzard by 306.9% in the 1st quarter. Renaissance Technologies LLC now owns 2,047,598 shares of the company’s stock valued at $190,427,000 after purchasing an additional 1,544,400 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Activision Blizzard by 7.5% in the 2nd quarter. Geode Capital Management LLC now owns 13,085,356 shares of the company’s stock valued at $1,245,612,000 after purchasing an additional 908,734 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Activision Blizzard by 101.7% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,417,670 shares of the company’s stock valued at $135,302,000 after purchasing an additional 714,751 shares in the last quarter. Finally, HS Management Partners LLC raised its stake in shares of Activision Blizzard by 55.2% in the 1st quarter. HS Management Partners LLC now owns 1,893,813 shares of the company’s stock valued at $176,125,000 after purchasing an additional 673,578 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Activision Blizzard in a research report on Wednesday, July 28th. Moffett Nathanson assumed coverage on shares of Activision Blizzard in a research report on Thursday, June 24th. They set a “buy” rating and a $124.00 price objective for the company. Berenberg Bank boosted their price objective on shares of Activision Blizzard from $105.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, July 13th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Activision Blizzard from $118.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, July 21st. Finally, Jefferies Financial Group assumed coverage on shares of Activision Blizzard in a research report on Wednesday, September 29th. They set a “buy” rating and a $120.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $111.91.

Shares of NASDAQ:ATVI opened at $75.25 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.83 and a current ratio of 4.83. The company has a market cap of $58.52 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 1.48 and a beta of 0.59. Activision Blizzard, Inc. has a 52 week low of $71.19 and a 52 week high of $104.53. The firm has a 50 day simple moving average of $79.49 and a 200 day simple moving average of $88.50.

Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings data on Monday, August 2nd. The company reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.15. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.89 billion. Activision Blizzard had a net margin of 29.17% and a return on equity of 17.05%. On average, equities analysts predict that Activision Blizzard, Inc. will post 3.47 earnings per share for the current year.

In related news, Director Peter J. Nolan acquired 3,950 shares of the company’s stock in a transaction on Monday, August 9th. The shares were purchased at an average price of $81.93 per share, for a total transaction of $323,623.50. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.77% of the stock is currently owned by corporate insiders.

Activision Blizzard Company Profile

Activision Blizzard, Inc engages in the development and publication of interactive entertainment. It operates through the following segments: Activision Publishing, Blizzard Entertainment and King Digital Entertainment. The Activision Publishing segment develops and publishes interactive software products and entertainment content, particularly for the console platform.

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

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