Van Hulzen Asset Management LLC Purchases New Stake in Activision Blizzard, Inc. (NASDAQ:ATVI)

Van Hulzen Asset Management LLC purchased a new stake in Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,770 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in shares of Activision Blizzard by 5.6% in the fourth quarter. BlackRock Inc. now owns 61,381,263 shares of the company’s stock valued at $4,083,695,000 after purchasing an additional 3,239,833 shares during the last quarter. Capital International Investors increased its stake in Activision Blizzard by 57.2% during the fourth quarter. Capital International Investors now owns 39,139,403 shares of the company’s stock worth $2,604,167,000 after acquiring an additional 14,244,622 shares during the last quarter. State Street Corp increased its stake in Activision Blizzard by 0.8% during the fourth quarter. State Street Corp now owns 36,618,053 shares of the company’s stock worth $2,436,199,000 after acquiring an additional 295,205 shares during the last quarter. Capital World Investors increased its stake in Activision Blizzard by 23.8% during the fourth quarter. Capital World Investors now owns 31,818,816 shares of the company’s stock worth $2,116,906,000 after acquiring an additional 6,120,230 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Activision Blizzard by 9.3% during the fourth quarter. Geode Capital Management LLC now owns 15,484,291 shares of the company’s stock worth $1,028,035,000 after acquiring an additional 1,319,227 shares during the last quarter. Institutional investors and hedge funds own 78.78% of the company’s stock.

Activision Blizzard Stock Up 0.3 %

ATVI opened at $76.83 on Friday. The business’s 50-day simple moving average is $78.96 and its 200-day simple moving average is $78.61. The company has a debt-to-equity ratio of 0.20, a quick ratio of 6.18 and a current ratio of 6.18. Activision Blizzard, Inc. has a one year low of $56.40 and a one year high of $86.90. The stock has a market capitalization of $60.10 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 3.31 and a beta of 0.51.

Activision Blizzard (NASDAQ:ATVIGet Rating) last posted its earnings results on Monday, August 1st. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.09. Activision Blizzard had a return on equity of 10.22% and a net margin of 24.57%. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The business’s revenue was down 14.6% compared to the same quarter last year. Analysts anticipate that Activision Blizzard, Inc. will post 2.44 EPS for the current year.

Insider Transactions at Activision Blizzard

In related news, COO Daniel Alegre sold 10,000 shares of the business’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $78.16, for a total value of $781,600.00. Following the transaction, the chief operating officer now owns 176,690 shares in the company, valued at approximately $13,810,090.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Armin Zerza sold 10,174 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $80.22, for a total value of $816,158.28. Following the transaction, the chief financial officer now owns 186,117 shares in the company, valued at approximately $14,930,305.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Daniel Alegre sold 10,000 shares of the business’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $78.16, for a total value of $781,600.00. Following the completion of the transaction, the chief operating officer now owns 176,690 shares in the company, valued at approximately $13,810,090.40. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ATVI shares. Deutsche Bank Aktiengesellschaft cut their target price on Activision Blizzard from $95.00 to $84.00 in a research note on Thursday, August 4th. Moffett Nathanson raised Activision Blizzard from a “neutral” rating to a “buy” rating and set a $95.00 target price for the company in a research note on Wednesday, August 3rd. Finally, Atlantic Securities raised Activision Blizzard from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $95.00 to $84.00 in a research note on Thursday. Fifteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $93.58.

Activision Blizzard Profile

(Get Rating)

Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products.

Featured Articles

Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating).

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.