Vident Investment Advisory LLC Sells 1,945 Shares of Activision Blizzard, Inc. (ATVI)

Vident Investment Advisory LLC trimmed its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 15.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,041 shares of the company’s stock after selling 1,945 shares during the quarter. Vident Investment Advisory LLC’s holdings in Activision Blizzard were worth $699,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Checchi Capital Advisers LLC grew its position in Activision Blizzard by 13.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 6,437 shares of the company’s stock valued at $408,000 after buying an additional 769 shares during the period. CI Global Investments Inc. boosted its position in shares of Activision Blizzard by 1.1% in the fourth quarter. CI Global Investments Inc. now owns 69,123 shares of the company’s stock worth $4,377,000 after purchasing an additional 780 shares during the period. Jackson Wealth Management LLC boosted its position in shares of Activision Blizzard by 6.6% in the fourth quarter. Jackson Wealth Management LLC now owns 12,744 shares of the company’s stock worth $844,000 after purchasing an additional 788 shares during the period. Ellington Management Group LLC boosted its position in shares of Activision Blizzard by 16.7% in the fourth quarter. Ellington Management Group LLC now owns 5,600 shares of the company’s stock worth $355,000 after purchasing an additional 800 shares during the period. Finally, Trust Co. of Vermont boosted its position in shares of Activision Blizzard by 2.9% in the fourth quarter. Trust Co. of Vermont now owns 29,031 shares of the company’s stock worth $1,839,000 after purchasing an additional 809 shares during the period. Institutional investors own 85.56% of the company’s stock.

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In related news, insider Stephen G. Wereb sold 120,521 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $72.38, for a total transaction of $8,723,309.98. Following the sale, the insider now owns 48,511 shares of the company’s stock, valued at $3,511,226.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Dennis M. Durkin sold 71,488 shares of the stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $75.65, for a total transaction of $5,408,067.20. Following the completion of the sale, the insider now directly owns 151,314 shares in the company, valued at approximately $11,446,904.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,701,258 shares of company stock worth $191,727,094. 2.12% of the stock is owned by insiders.

ATVI has been the subject of a number of recent analyst reports. Vetr upgraded shares of Activision Blizzard from a “sell” rating to a “hold” rating and set a $62.29 price target for the company in a research report on Wednesday, November 29th. Goldman Sachs upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 12th. BTIG Research initiated coverage on shares of Activision Blizzard in a research report on Monday, December 18th. They issued a “buy” rating and a $80.00 price target for the company. BidaskClub upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Finally, Zacks Investment Research lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Five analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $75.03.

Shares of ATVI stock opened at $68.04 on Friday. The stock has a market cap of $52,922.14, a price-to-earnings ratio of 189.00, a P/E/G ratio of 1.86 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.77 and a current ratio of 1.78. Activision Blizzard, Inc. has a 12 month low of $48.41 and a 12 month high of $79.63.

Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.02. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.55 billion. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. Activision Blizzard’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 earnings per share. equities analysts forecast that Activision Blizzard, Inc. will post 2.57 EPS for the current year.

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About Activision Blizzard

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

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