Aureus Asset Management LLC Boosts Position in Activision Blizzard, Inc (ATVI)

Aureus Asset Management LLC increased its position in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 41.7% during the first quarter, Holdings Channel reports. The institutional investor owned 22,210 shares of the company’s stock after buying an additional 6,540 shares during the period. Aureus Asset Management LLC’s holdings in Activision Blizzard were worth $1,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ATVI. Dimensional Fund Advisors LP increased its position in Activision Blizzard by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,658,324 shares of the company’s stock worth $132,546,000 after buying an additional 25,455 shares in the last quarter. Geode Capital Management LLC increased its position in Activision Blizzard by 9.9% in the first quarter. Geode Capital Management LLC now owns 6,501,835 shares of the company’s stock worth $323,718,000 after buying an additional 587,310 shares in the last quarter. Bluestein R H & Co. increased its position in Activision Blizzard by 1,065.8% in the first quarter. Bluestein R H & Co. now owns 174,863 shares of the company’s stock worth $8,719,000 after buying an additional 159,863 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Activision Blizzard by 107.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 49,985 shares of the company’s stock worth $2,492,000 after buying an additional 25,910 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Activision Blizzard by 6.8% in the first quarter. Vanguard Group Inc. now owns 46,195,943 shares of the company’s stock worth $2,303,328,000 after buying an additional 2,943,200 shares in the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Activision Blizzard, Inc (ATVI) opened at 60.44 on Friday. The firm has a 50-day moving average of $57.28 and a 200 day moving average of $47.26. The stock has a market capitalization of $45.55 billion, a PE ratio of 44.34 and a beta of 1.03. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $61.10.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.11. Activision Blizzard had a net margin of 14.63% and a return on equity of 16.90%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. Analysts predict that Activision Blizzard, Inc will post $2.00 EPS for the current year.

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A number of research analysts have recently weighed in on the stock. CIBC reissued an “outperform” rating and set a $70.00 target price (up from $60.00) on shares of Activision Blizzard in a research report on Thursday. Oppenheimer Holdings, Inc. increased their target price on shares of Activision Blizzard from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday. Benchmark Co. increased their target price on shares of Activision Blizzard from $60.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday. Vetr raised shares of Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $65.85 target price for the company in a research report on Thursday, June 15th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $68.00 target price on shares of Activision Blizzard in a research report on Thursday, June 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $57.59.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $55.45, for a total transaction of $1,095,747.45. Following the transaction, the chief executive officer now owns 55,509 shares of the company’s stock, valued at $3,077,974.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian G. Kelly sold 420,063 shares of Activision Blizzard stock in a transaction that occurred on Tuesday, March 28th. The shares were sold at an average price of $49.90, for a total transaction of $20,961,143.70. The disclosure for this sale can be found here. 2.12% of the stock is owned by insiders.

Activision Blizzard Company Profile

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

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