Zurich Insurance Group Ltd FI lowered its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 19.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,043 shares of the company’s stock after selling 28,170 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Activision Blizzard were worth $9,009,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY increased its holdings in shares of Activision Blizzard by 1.6% during the second quarter. Metropolitan Life Insurance Co. NY now owns 151,915 shares of the company’s stock valued at $11,594,000 after acquiring an additional 2,438 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Activision Blizzard by 28,256.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 28,356 shares of the company’s stock worth $2,165,000 after buying an additional 28,256 shares during the period. Marshall Wace LLP increased its holdings in Activision Blizzard by 545.7% in the 2nd quarter. Marshall Wace LLP now owns 1,216,280 shares of the company’s stock worth $92,826,000 after buying an additional 1,027,904 shares during the period. Macquarie Group Ltd. increased its holdings in Activision Blizzard by 18.5% in the 2nd quarter. Macquarie Group Ltd. now owns 98,644 shares of the company’s stock worth $7,528,000 after buying an additional 15,400 shares during the period. Finally, Highland Capital Management LP increased its holdings in Activision Blizzard by 33.3% in the 2nd quarter. Highland Capital Management LP now owns 40,000 shares of the company’s stock worth $3,053,000 after buying an additional 10,000 shares during the period. Hedge funds and other institutional investors own 87.04% of the company’s stock.

Shares of NASDAQ:ATVI opened at $81.27 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.96 and a current ratio of 2.98. The company has a market cap of $61.39 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87. Activision Blizzard, Inc. has a 1 year low of $57.29 and a 1 year high of $82.03.

Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.11. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. Activision Blizzard had a return on equity of 18.00% and a net margin of 6.96%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS. sell-side analysts expect that Activision Blizzard, Inc. will post 2.49 EPS for the current fiscal year.

Several equities research analysts have commented on ATVI shares. BidaskClub upgraded Activision Blizzard from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 13th. KeyCorp upped their price objective on Activision Blizzard from $83.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, June 18th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Wednesday, July 4th. Morgan Stanley upped their price objective on Activision Blizzard from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 11th. Finally, Piper Jaffray Companies upped their price objective on Activision Blizzard to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 25th. Nine analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $79.32.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $68.70, for a total value of $1,357,580.70. Following the transaction, the chief executive officer now owns 20,324 shares in the company, valued at approximately $1,396,258.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.29% of the company’s stock.

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. The company 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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