Marshall Wace North America L.P. Sells 698,892 Shares of Activision Blizzard, Inc. (ATVI)

Marshall Wace North America L.P. lessened its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 76.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 219,034 shares of the company’s stock after selling 698,892 shares during the quarter. Marshall Wace North America L.P.’s holdings in Activision Blizzard were worth $18,222,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mission Wealth Management LP boosted its stake in Activision Blizzard by 13.5% during the 2nd quarter. Mission Wealth Management LP now owns 6,174 shares of the company’s stock worth $471,000 after acquiring an additional 732 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in Activision Blizzard by 13.8% during the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 6,420 shares of the company’s stock worth $490,000 after acquiring an additional 780 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its stake in Activision Blizzard by 0.7% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 120,887 shares of the company’s stock worth $9,226,000 after acquiring an additional 816 shares during the last quarter. Perennial Advisors LLC boosted its stake in Activision Blizzard by 5.1% during the 2nd quarter. Perennial Advisors LLC now owns 16,976 shares of the company’s stock worth $1,296,000 after acquiring an additional 817 shares during the last quarter. Finally, Coastline Trust Co boosted its stake in Activision Blizzard by 5.4% during the 3rd quarter. Coastline Trust Co now owns 16,020 shares of the company’s stock worth $1,333,000 after acquiring an additional 820 shares during the last quarter. 89.76% of the stock is currently owned by institutional investors.

NASDAQ ATVI opened at $47.23 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.01 and a current ratio of 2.09. Activision Blizzard, Inc. has a 12-month low of $45.50 and a 12-month high of $84.68. The company has a market capitalization of $36.74 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.50 and a beta of 1.05.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data 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 net margin of 8.07% and a return on equity of 15.44%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the business earned $0.25 earnings per share. Activision Blizzard’s revenue for the quarter was down 12.6% on a year-over-year basis. On average, analysts predict that Activision Blizzard, Inc. will post 2.35 EPS for the current fiscal year.

Several research firms recently weighed in on ATVI. Zacks Investment Research lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. JPMorgan Chase & Co. upgraded shares of Activision Blizzard from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $72.00 to $66.00 in a report on Thursday. Credit Suisse Group dropped their target price on shares of Activision Blizzard from $85.00 to $79.00 and set an “outperform” rating on the stock in a report on Friday, November 9th. Gabelli started coverage on shares of Activision Blizzard in a report on Tuesday. They set a “buy” rating and a $64.00 target price on the stock. Finally, Morgan Stanley dropped their target price on shares of Activision Blizzard from $80.00 to $72.00 and set a “positive” rating on the stock in a report on Friday, November 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Activision Blizzard presently has a consensus rating of “Buy” and a consensus price target of $75.38.

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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.

Further Reading: Compound Interest

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

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