Rational Advisors LLC cut its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 79.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,925 shares of the company’s stock after selling 23,022 shares during the quarter. Rational Advisors LLC’s holdings in Activision Blizzard were worth $493,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. boosted its holdings in Activision Blizzard by 16.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,524 shares of the company’s stock valued at $345,000 after acquiring an additional 634 shares during the last quarter. Wetherby Asset Management Inc. boosted its holdings in Activision Blizzard by 7.8% in the second quarter. Wetherby Asset Management Inc. now owns 9,385 shares of the company’s stock valued at $716,000 after acquiring an additional 680 shares during the last quarter. Mission Wealth Management LP boosted its holdings in Activision Blizzard by 13.5% in the second quarter. Mission Wealth Management LP now owns 6,174 shares of the company’s stock valued at $471,000 after acquiring an additional 732 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Activision Blizzard by 13.8% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 6,420 shares of the company’s stock valued at $490,000 after acquiring an additional 780 shares during the last quarter. Finally, Altman Advisors Inc. bought a new position in Activision Blizzard in the second quarter valued at about $323,000. Institutional investors own 87.83% of the company’s stock.

Shares of ATVI opened at $49.14 on Tuesday. The company has a current ratio of 2.09, a quick ratio of 2.01 and a debt-to-equity ratio of 0.25. Activision Blizzard, Inc. has a 1 year low of $48.89 and a 1 year high of $84.68. The stock has a market cap of $38.87 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 1.50 and a beta of 1.11.

Activision Blizzard (NASDAQ:ATVI) last issued its earnings results on Thursday, November 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.03). Activision Blizzard had a return on equity of 15.44% and a net margin of 8.07%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the business posted $0.25 EPS. Activision Blizzard’s quarterly revenue was down 12.6% on a year-over-year basis. As a group, equities analysts predict that Activision Blizzard, Inc. will post 2.36 earnings per share for the current year.

Several equities analysts recently issued reports on ATVI shares. BidaskClub cut Activision Blizzard from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Needham & Company LLC raised their price target on Activision Blizzard from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Wedbush set a $81.00 price target on Activision Blizzard and gave the company a “buy” rating in a report on Thursday, July 26th. Argus reiterated a “buy” rating and issued a $90.00 price target (up previously from $81.00) on shares of Activision Blizzard in a report on Friday, September 21st. Finally, BTIG Research raised their price target on Activision Blizzard from $80.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $75.99.

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About Activision Blizzard

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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