Marshall Wace LLP decreased its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 33.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,864 shares of the company’s stock after selling 32,760 shares during the quarter. Marshall Wace LLP’s holdings in Activision Blizzard were worth $3,914,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Manchester Financial Inc. bought a new stake in Activision Blizzard during the 4th quarter valued at approximately $25,000. Candriam Luxembourg S.C.A. boosted its stake in Activision Blizzard by 50.7% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 489,868 shares of the company’s stock valued at $29,000 after purchasing an additional 164,842 shares during the period. Quantum Capital Management bought a new stake in Activision Blizzard during the 3rd quarter valued at approximately $33,000. Global Retirement Partners LLC boosted its stake in Activision Blizzard by 77.2% during the 4th quarter. Global Retirement Partners LLC now owns 576 shares of the company’s stock valued at $34,000 after purchasing an additional 251 shares during the period. Finally, Peddock Capital Advisors LLC bought a new stake in Activision Blizzard during the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 88.98% of the company’s stock.

In other news, Director Robert J. Morgado sold 32,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $62.24, for a total value of $1,991,680.00. Following the completion of the transaction, the director now directly owns 85,161 shares of the company’s stock, valued at approximately $5,300,420.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher B. Walther sold 159,452 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $55.00, for a total value of $8,769,860.00. The disclosure for this sale can be found here. Corporate insiders own 1.31% of the company’s stock.

Several analysts recently weighed in on ATVI shares. Benchmark restated a “buy” rating and set a $72.00 target price on shares of Activision Blizzard in a research note on Tuesday. Stephens restated an “overweight” rating on shares of Activision Blizzard in a research note on Tuesday, March 3rd. Stifel Nicolaus restated a “buy” rating and set a $70.00 target price (up previously from $65.00) on shares of Activision Blizzard in a research note on Friday, January 10th. Piper Sandler increased their target price on Activision Blizzard from $62.00 to $69.00 and gave the company an “overweight” rating in a research note on Tuesday, January 28th. Finally, SunTrust Banks restated a “buy” rating and set a $68.00 target price on shares of Activision Blizzard in a research note on Tuesday, March 10th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $64.81.

Shares of ATVI opened at $54.43 on Wednesday. Activision Blizzard, Inc. has a 1 year low of $41.84 and a 1 year high of $64.53. The company has a current ratio of 2.50, a quick ratio of 2.49 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $59.66 and a 200-day simple moving average of $57.09. The stock has a market cap of $43.44 billion, a PE ratio of 27.91, a PEG ratio of 2.03 and a beta of 0.77.

Activision Blizzard (NASDAQ:ATVI) last issued its earnings results on Thursday, February 6th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.04. Activision Blizzard had a return on equity of 13.16% and a net margin of 23.18%. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the prior year, the firm posted $0.84 EPS. Activision Blizzard’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, sell-side analysts forecast that Activision Blizzard, Inc. will post 2.29 EPS for the current fiscal year.

The business also recently announced an annual dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 15th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, April 14th. This is a boost from Activision Blizzard’s previous annual dividend of $0.37. This represents a dividend yield of 0.67%. Activision Blizzard’s dividend payout ratio is presently 17.79%.

Activision Blizzard Company 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. It 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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