Schaper Benz & Wise Investment Counsel Inc. WI Sells 3,115 Shares of Activision Blizzard, Inc. (NASDAQ:ATVI)

Schaper Benz & Wise Investment Counsel Inc. WI lessened its position in Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) by 8.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,787 shares of the company’s stock after selling 3,115 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Activision Blizzard were worth $2,181,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Brown Advisory Inc. lifted its position in Activision Blizzard by 1.2% in the fourth quarter. Brown Advisory Inc. now owns 11,691 shares of the company’s stock valued at $778,000 after buying an additional 133 shares during the last quarter. TCI Wealth Advisors Inc. increased its stake in shares of Activision Blizzard by 18.1% during the fourth quarter. TCI Wealth Advisors Inc. now owns 1,019 shares of the company’s stock worth $68,000 after buying an additional 156 shares during the period. Essex LLC increased its stake in shares of Activision Blizzard by 5.4% during the fourth quarter. Essex LLC now owns 3,146 shares of the company’s stock worth $209,000 after buying an additional 160 shares during the period. Ellevest Inc. increased its stake in shares of Activision Blizzard by 8.4% during the fourth quarter. Ellevest Inc. now owns 2,301 shares of the company’s stock worth $153,000 after buying an additional 179 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in Activision Blizzard by 3.4% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 5,440 shares of the company’s stock valued at $362,000 after purchasing an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 83.11% of the company’s stock.

In other news, COO Daniel Alegre sold 14,563 shares of the business’s stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $79.66, for a total value of $1,160,088.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jesse Yang sold 10,812 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $78.68, for a total value of $850,688.16. Following the completion of the sale, the chief accounting officer now owns 62,272 shares of the company’s stock, valued at $4,899,560.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,447 shares of company stock worth $2,175,584. 0.77% of the stock is currently owned by corporate insiders.

Shares of ATVI traded up $0.36 during trading on Friday, reaching $77.74. The company’s stock had a trading volume of 4,680,734 shares, compared to its average volume of 7,129,515. The company has a fifty day moving average of $79.02 and a two-hundred day moving average of $73.58. Activision Blizzard, Inc. has a twelve month low of $56.40 and a twelve month high of $99.46. The company has a market cap of $60.78 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 2.00 and a beta of 0.56. The company has a quick ratio of 5.45, a current ratio of 5.45 and a debt-to-equity ratio of 0.20.

Activision Blizzard (NASDAQ:ATVIGet Rating) last announced its earnings results on Monday, April 25th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.07). Activision Blizzard had a net margin of 29.82% and a return on equity of 12.70%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was down 22.3% on a year-over-year basis. As a group, equities analysts forecast that Activision Blizzard, Inc. will post 2.68 EPS for the current fiscal year.

Several brokerages have commented on ATVI. Deutsche Bank Aktiengesellschaft lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Wednesday, January 19th. Benchmark increased their price target on Activision Blizzard from $95.00 to $100.00 in a report on Friday, February 4th. Truist Financial downgraded Activision Blizzard from a “buy” rating to a “hold” rating and increased their price target for the stock from $74.00 to $95.00 in a report on Tuesday, January 18th. Morgan Stanley raised their target price on Activision Blizzard from $65.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday, January 19th. Finally, BMO Capital Markets raised their target price on Activision Blizzard from $90.00 to $95.00 in a report on Thursday, January 20th. Nineteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $95.86.

About Activision Blizzard (Get Rating)

Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products.

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

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