Activision Blizzard, Inc. (ATVI) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 3.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,971 shares of the company’s stock after selling 3,627 shares during the quarter. Amalgamated Bank’s holdings in Activision Blizzard were worth $9,481,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Mission Wealth Management LP grew its stake in Activision Blizzard by 13.5% in the second quarter. Mission Wealth Management LP now owns 6,174 shares of the company’s stock worth $471,000 after purchasing an additional 732 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Activision Blizzard by 13.8% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 6,420 shares of the company’s stock worth $490,000 after buying an additional 780 shares during the period. Beacon Investment Advisory Services Inc. lifted its holdings in Activision Blizzard by 0.7% during the second quarter. Beacon Investment Advisory Services Inc. now owns 120,887 shares of the company’s stock worth $9,226,000 after buying an additional 816 shares during the period. Perennial Advisors LLC lifted its holdings in Activision Blizzard by 5.1% during the second quarter. Perennial Advisors LLC now owns 16,976 shares of the company’s stock worth $1,296,000 after buying an additional 817 shares during the period. Finally, Coastline Trust Co lifted its holdings in Activision Blizzard by 5.4% during the third quarter. Coastline Trust Co now owns 16,020 shares of the company’s stock worth $1,333,000 after buying an additional 820 shares during the period. 89.76% of the stock is currently owned by institutional investors.

Shares of ATVI opened at $47.23 on Friday. Activision Blizzard, Inc. has a 12 month low of $45.50 and a 12 month high of $84.68. The company has a quick ratio of 2.01, a current ratio of 2.09 and a debt-to-equity ratio of 0.25. The firm has a market cap of $35.50 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Thursday, November 8th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). Activision Blizzard had a net margin of 8.07% and a return on equity of 15.44%. The business had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the company posted $0.25 EPS. The business’s revenue for the quarter was down 12.6% on a year-over-year basis. Analysts forecast that Activision Blizzard, Inc. will post 2.35 earnings per share for the current year.

A number of analysts have weighed in on the company. Wedbush upped their target price on Activision Blizzard from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 1st. BidaskClub upgraded Activision Blizzard from a “hold” rating to a “buy” rating in a report on Saturday, September 29th. Argus restated a “buy” rating and set a $90.00 target price (up previously from $81.00) on shares of Activision Blizzard in a report on Friday, September 21st. Piper Jaffray Companies restated an “overweight” rating and set a $88.00 target price on shares of Activision Blizzard in a report on Wednesday, September 26th. Finally, Robert W. Baird upped their target price on Activision Blizzard from $81.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $75.38.

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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. 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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