Activision Blizzard, Inc. (ATVI) Holdings Trimmed by US Bancorp DE

US Bancorp DE trimmed its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,116 shares of the company’s stock after selling 2,524 shares during the period. US Bancorp DE’s holdings in Activision Blizzard were worth $7,495,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Asset Advisors Investment Management LLC acquired a new stake in Activision Blizzard in the third quarter valued at approximately $100,000. Ashburton Jersey Ltd purchased a new position in shares of Activision Blizzard in the second quarter worth $107,000. Quad Cities Investment Group LLC purchased a new position in shares of Activision Blizzard in the second quarter worth $114,000. NuWave Investment Management LLC purchased a new position in shares of Activision Blizzard in the second quarter worth $121,000. Finally, Kaizen Advisory LLC raised its holdings in shares of Activision Blizzard by 155.2% in the second quarter. Kaizen Advisory LLC now owns 1,876 shares of the company’s stock worth $143,000 after buying an additional 1,141 shares during the last quarter. Institutional investors own 86.92% of the company’s stock.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $68.70, for a total value of $1,357,580.70. Following the sale, the chief executive officer now directly owns 20,324 shares of the company’s stock, valued at approximately $1,396,258.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.29% of the stock is currently owned by insiders.

A number of research analysts have issued reports on the stock. TheStreet cut shares of Activision Blizzard from a “b” rating to a “c+” rating in a report on Thursday. UBS Group decreased their price target on shares of Activision Blizzard from $88.00 to $70.00 and set a “buy” rating for the company in a report on Friday. Credit Suisse Group decreased their price target on shares of Activision Blizzard from $85.00 to $79.00 and set an “outperform” rating for the company in a report on Friday. KeyCorp reaffirmed an “overweight” rating and issued a $80.00 price target (down previously from $85.00) on shares of Activision Blizzard in a report on Friday. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $74.00 price target on shares of Activision Blizzard in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Activision Blizzard presently has an average rating of “Buy” and an average price target of $77.62.

Activision Blizzard stock opened at $55.01 on Friday. The company has a market capitalization of $49.63 billion, a PE ratio of 26.83, a P/E/G ratio of 1.73 and a beta of 1.11. Activision Blizzard, Inc. has a 1 year low of $53.50 and a 1 year high of $84.68. The company has a current ratio of 2.98, a quick ratio of 2.96 and a debt-to-equity ratio of 0.42.

Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Activision Blizzard had a net margin of 6.96% and a return on equity of 16.39%. Activision Blizzard’s revenue was down 12.6% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. On average, research analysts forecast that Activision Blizzard, Inc. will post 2.49 EPS for the current year.

TRADEMARK VIOLATION WARNING: This article was first reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/11/10/activision-blizzard-inc-atvi-holdings-trimmed-by-us-bancorp-de.html.

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.

Recommended Story: What is a Tariff?

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

Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply