Activision Blizzard, Inc. (ATVI) Shares Sold by Pendal Group Ltd

Pendal Group Ltd lowered its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 58.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,971 shares of the company’s stock after selling 29,322 shares during the period. Pendal Group Ltd’s holdings in Activision Blizzard were worth $1,745,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Asset Advisors Investment Management LLC bought a new position in shares of Activision Blizzard in the third quarter valued at approximately $100,000. Ashburton Jersey Ltd bought a new position in shares of Activision Blizzard in the second quarter valued at approximately $107,000. Quad Cities Investment Group LLC bought a new position in shares of Activision Blizzard in the second quarter valued at approximately $114,000. NuWave Investment Management LLC bought a new position in shares of Activision Blizzard in the second quarter valued at approximately $121,000. Finally, Kaizen Advisory LLC raised its stake 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 valued at $143,000 after acquiring an additional 1,141 shares during the last quarter. Institutional investors own 86.92% of the company’s stock.

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

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

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction on Monday, August 20th. The shares were sold at an average price of $68.70, for a total transaction of $1,357,580.70. Following the completion of the sale, the chief executive officer now owns 20,324 shares of the company’s stock, valued at approximately $1,396,258.80. The transaction was disclosed in a document filed 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 recently issued reports on ATVI shares. Piper Jaffray Companies reiterated an “overweight” rating and issued a $88.00 target price on shares of Activision Blizzard in a research note on Wednesday, September 26th. Credit Suisse Group cut their target price on shares of Activision Blizzard from $85.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday. BidaskClub cut shares of Activision Blizzard from a “hold” rating to a “sell” rating in a research note on Thursday. Wedbush set a $81.00 price target on shares of Activision Blizzard and gave the company a “buy” rating in a report on Thursday, July 26th. Finally, Oppenheimer lowered their price target on shares of Activision Blizzard from $87.00 to $68.00 and set an “outperform” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Activision Blizzard currently has a consensus rating of “Buy” and an average price target of $77.62.

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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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