ICICI Prudential Asset Management Co Ltd Acquires 318 Shares of Activision Blizzard, Inc. (NASDAQ:ATVI)

ICICI Prudential Asset Management Co Ltd increased its holdings in Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) by 16.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,240 shares of the company’s stock after purchasing an additional 318 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in Activision Blizzard were worth $180,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Capital International Investors boosted its holdings in Activision Blizzard by 57.2% during the fourth quarter. Capital International Investors now owns 39,139,403 shares of the company’s stock valued at $2,604,167,000 after acquiring an additional 14,244,622 shares during the period. Norges Bank bought a new stake in Activision Blizzard during the fourth quarter valued at about $507,115,000. Capital World Investors boosted its holdings in Activision Blizzard by 23.8% during the fourth quarter. Capital World Investors now owns 31,818,816 shares of the company’s stock valued at $2,116,906,000 after acquiring an additional 6,120,230 shares during the period. Alliancebernstein L.P. boosted its holdings in Activision Blizzard by 162.2% during the fourth quarter. Alliancebernstein L.P. now owns 6,272,823 shares of the company’s stock valued at $417,331,000 after acquiring an additional 3,880,552 shares during the period. Finally, BlackRock Inc. boosted its holdings in Activision Blizzard by 5.6% during the fourth quarter. BlackRock Inc. now owns 61,381,263 shares of the company’s stock valued at $4,083,695,000 after acquiring an additional 3,239,833 shares during the period. 83.11% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Armin Zerza sold 10,174 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $80.22, for a total transaction of $816,158.28. Following the sale, the chief financial officer now directly owns 186,117 shares in the company, valued at $14,930,305.74. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.77% of the stock is currently owned by company insiders.

Activision Blizzard Trading Down 0.2 %

ATVI opened at $80.49 on Friday. The firm’s fifty day moving average is $77.80 and its two-hundred day moving average is $78.88. The company has a debt-to-equity ratio of 0.20, a quick ratio of 5.45 and a current ratio of 6.18. The firm has a market cap of $62.97 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 3.51 and a beta of 0.51. Activision Blizzard, Inc. has a twelve month low of $56.40 and a twelve month high of $86.90.

Activision Blizzard (NASDAQ:ATVIGet Rating) last issued its quarterly earnings data 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 net margin of 24.57% and a return on equity of 10.22%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the business posted $0.86 earnings per share. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. Equities research analysts anticipate that Activision Blizzard, Inc. will post 2.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ATVI. Jefferies Financial Group restated a “buy” rating and set a $95.00 price target on shares of Activision Blizzard in a report on Wednesday, April 27th. Moffett Nathanson upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Activision Blizzard from $95.00 to $84.00 in a research report on Thursday. Eighteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Activision Blizzard currently has a consensus rating of “Hold” and a consensus price target of $94.73.

Activision Blizzard Company Profile

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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.

See Also

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

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