Activision Blizzard, Inc. (NASDAQ:ATVI) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its stake in Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,968 shares of the company’s stock after selling 2,392 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Activision Blizzard were worth $4,403,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its position in Activision Blizzard by 15.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,010,445 shares of the company’s stock worth $80,947,000 after buying an additional 134,883 shares during the period. City State Bank grew its stake in shares of Activision Blizzard by 14.9% in the first quarter. City State Bank now owns 4,250 shares of the company’s stock worth $341,000 after purchasing an additional 550 shares in the last quarter. Walleye Capital LLC grew its stake in shares of Activision Blizzard by 194.0% in the first quarter. Walleye Capital LLC now owns 30,931 shares of the company’s stock worth $2,478,000 after purchasing an additional 20,412 shares in the last quarter. Quantum Private Wealth LLC grew its stake in shares of Activision Blizzard by 0.9% in the first quarter. Quantum Private Wealth LLC now owns 58,487 shares of the company’s stock worth $4,573,000 after purchasing an additional 500 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of Activision Blizzard by 92.0% in the first quarter. Advisory Services Network LLC now owns 31,589 shares of the company’s stock worth $2,531,000 after purchasing an additional 15,137 shares in the last quarter. 78.78% of the stock is owned by institutional investors and hedge funds.

Activision Blizzard Stock Down 1.1 %

ATVI opened at $76.02 on Monday. Activision Blizzard, Inc. has a fifty-two week low of $56.40 and a fifty-two week high of $86.90. The business has a 50-day moving average of $78.88 and a 200-day moving average of $78.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.18 and a quick ratio of 6.18. The company has a market capitalization of $59.47 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 3.28 and a beta of 0.51.

Activision Blizzard (NASDAQ:ATVIGet Rating) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.47 earnings per share 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 company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the business earned $0.86 EPS. The business’s quarterly revenue was down 14.6% on a year-over-year basis. Equities research analysts forecast that Activision Blizzard, Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Transactions at Activision Blizzard

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

About Activision Blizzard

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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.

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

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