Delta Lloyd NV boosted its stake in shares of Activision Blizzard Inc. (NASDAQ:ATVI) by 26.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,177 shares of the company’s stock after buying an additional 9,115 shares during the period. Delta Lloyd NV’s holdings in Activision Blizzard were worth $1,913,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ATVI. PNC Financial Services Group Inc. increased its position in shares of Activision Blizzard by 73.1% in the third quarter. PNC Financial Services Group Inc. now owns 62,309 shares of the company’s stock worth $2,760,000 after buying an additional 26,317 shares in the last quarter. Retirement Systems of Alabama increased its position in shares of Activision Blizzard by 32.9% in the third quarter. Retirement Systems of Alabama now owns 345,011 shares of the company’s stock worth $15,284,000 after buying an additional 85,324 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Activision Blizzard by 373.3% in the third quarter. Penserra Capital Management LLC now owns 29,295 shares of the company’s stock worth $1,296,000 after buying an additional 23,105 shares in the last quarter. CIBC World Markets Inc. increased its position in shares of Activision Blizzard by 31.5% in the third quarter. CIBC World Markets Inc. now owns 114,155 shares of the company’s stock worth $5,057,000 after buying an additional 27,378 shares in the last quarter. Finally, Commerce Bank increased its position in shares of Activision Blizzard by 0.3% in the third quarter. Commerce Bank now owns 17,148 shares of the company’s stock worth $760,000 after buying an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 85.46% of the company’s stock.

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

Shares of Activision Blizzard Inc. (NASDAQ:ATVI) traded up 1.55% during mid-day trading on Tuesday, hitting $37.95. The company’s stock had a trading volume of 9,710,752 shares. The stock has a 50-day moving average of $41.55 and a 200-day moving average of $41.00. Activision Blizzard Inc. has a 12-month low of $26.49 and a 12-month high of $45.55. The company has a market cap of $28.20 billion, a PE ratio of 32.94 and a beta of 1.11.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.07. Activision Blizzard had a return on equity of 16.63% and a net margin of 13.81%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $6.54 billion. During the same period in the previous year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was up 58.4% compared to the same quarter last year. On average, equities research analysts forecast that Activision Blizzard Inc. will post $2.06 EPS for the current year.

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Several research firms have recently issued reports on ATVI. Vetr downgraded shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $42.09 price objective on the stock. in a report on Tuesday, September 13th. Jefferies Group upped their price objective on shares of Activision Blizzard from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, August 5th. Mizuho upped their price objective on shares of Activision Blizzard from $42.00 to $46.00 and gave the company a “buy” rating in a report on Friday, August 5th. Cowen and Company restated an “outperform” rating and set a $45.00 price objective on shares of Activision Blizzard in a report on Tuesday, August 23rd. Finally, Benchmark Co. restated a “buy” rating on shares of Activision Blizzard in a report on Wednesday, August 10th. Three equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Activision Blizzard currently has an average rating of “Buy” and an average price target of $46.75.

In other Activision Blizzard news, COO Thomas Tippl sold 75,000 shares of the business’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $43.76, for a total transaction of $3,282,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher B. Walther sold 45,574 shares of the business’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $42.73, for a total value of $1,947,377.02. The disclosure for this sale can be found here. 25.23% of the stock is owned by corporate insiders.

About Activision Blizzard

Activision Blizzard, Inc is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments.

5 Day Chart for NASDAQ:ATVI

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