Activision Blizzard, Inc (NASDAQ:ATVI) Position Decreased by BB&T Corp
BB&T Corp reduced its position in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 300,817 shares of the company’s stock after selling 3,794 shares during the period. BB&T Corp’s holdings in Activision Blizzard were worth $17,318,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of ATVI. FMR LLC raised its stake in Activision Blizzard by 0.5% in the first quarter. FMR LLC now owns 112,040,404 shares of the company’s stock valued at $5,586,335,000 after buying an additional 560,282 shares during the period. BlackRock Inc. raised its stake in Activision Blizzard by 3,032.9% in the first quarter. BlackRock Inc. now owns 48,912,065 shares of the company’s stock valued at $2,438,753,000 after buying an additional 47,350,818 shares during the period. Vanguard Group Inc. raised its stake in Activision Blizzard by 6.8% in the first quarter. Vanguard Group Inc. now owns 46,195,943 shares of the company’s stock valued at $2,303,328,000 after buying an additional 2,943,200 shares during the period. State Street Corp raised its stake in Activision Blizzard by 2.1% in the first quarter. State Street Corp now owns 25,482,605 shares of the company’s stock valued at $1,270,575,000 after buying an additional 523,213 shares during the period. Finally, Janus Capital Management LLC raised its stake in Activision Blizzard by 4.0% in the first quarter. Janus Capital Management LLC now owns 18,069,393 shares of the company’s stock valued at $900,934,000 after buying an additional 691,950 shares during the period. Institutional investors and hedge funds own 87.45% of the company’s stock.
Shares of Activision Blizzard, Inc (NASDAQ:ATVI) traded down 0.25% during mid-day trading on Friday, reaching $60.93. 5,803,676 shares of the company were exchanged. The stock has a market capitalization of $45.92 billion, a P/E ratio of 44.70 and a beta of 1.07. The firm has a 50-day moving average price of $59.29 and a 200 day moving average price of $50.54. Activision Blizzard, Inc has a 12 month low of $35.12 and a 12 month high of $62.39.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.16 by $0.11. Activision Blizzard had a net margin of 14.63% and a return on equity of 16.90%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company earned $0.23 EPS. Activision Blizzard’s revenue was up 31.7% on a year-over-year basis. Equities research analysts anticipate that Activision Blizzard, Inc will post $2.00 EPS for the current fiscal year.
Several equities research analysts recently weighed in on ATVI shares. Morgan Stanley increased their price objective on shares of Activision Blizzard from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, March 27th. Vetr lowered shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $48.23 price objective on the stock. in a research note on Tuesday, March 28th. Robert W. Baird reiterated an “outperform” rating and set a $47.00 price objective on shares of Activision Blizzard in a research note on Sunday, April 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $55.00 price objective on shares of Activision Blizzard in a research note on Tuesday, April 18th. Finally, Pacific Crest reiterated an “overweight” rating and set a $60.00 price objective on shares of Activision Blizzard in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company. Activision Blizzard currently has a consensus rating of “Buy” and an average target price of $60.34.
In other news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $55.45, for a total transaction of $1,095,747.45. Following the completion of the sale, the chief executive officer now owns 55,509 shares in the company, valued at approximately $3,077,974.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.12% of the stock is owned by insiders.
Activision Blizzard Company Profile
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
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