24,936 Shares in Activision Blizzard, Inc. (ATVI) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,936 shares of the company’s stock, valued at approximately $2,074,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Advisory Research Inc. purchased a new position in shares of Activision Blizzard during the 3rd quarter worth $200,000. Franklin Resources Inc. grew its holdings in Activision Blizzard by 19.9% during the 3rd quarter. Franklin Resources Inc. now owns 841,971 shares of the company’s stock valued at $70,044,000 after purchasing an additional 139,806 shares during the last quarter. Blair William & Co. IL grew its holdings in Activision Blizzard by 20.9% during the 3rd quarter. Blair William & Co. IL now owns 418,276 shares of the company’s stock valued at $34,796,000 after purchasing an additional 72,419 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Activision Blizzard by 88.9% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 21,919 shares of the company’s stock valued at $1,823,000 after purchasing an additional 10,315 shares during the last quarter. Finally, Meiji Yasuda Life Insurance Co purchased a new stake in Activision Blizzard in the 3rd quarter valued at about $1,947,000. Institutional investors and hedge funds own 89.76% of the company’s stock.

ATVI has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Activision Blizzard from a “sell” rating to a “strong sell” rating in a research note on Friday, November 16th. Oppenheimer cut their price objective on shares of Activision Blizzard from $87.00 to $68.00 and set an “outperform” rating on the stock in a research note on Friday, November 9th. Jefferies Financial Group set a $85.00 price objective on shares of Activision Blizzard and gave the company a “buy” rating in a report on Saturday, November 10th. Bank of America decreased their price objective on shares of Activision Blizzard from $77.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, November 9th. Finally, Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Wednesday, November 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Activision Blizzard currently has an average rating of “Buy” and an average target price of $75.99.

ATVI stock opened at $49.88 on Monday. Activision Blizzard, Inc. has a twelve month low of $46.83 and a twelve month high of $84.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.09 and a quick ratio of 2.01. The company has a market cap of $38.06 billion, a PE ratio of 24.33, a P/E/G ratio of 1.55 and a beta of 1.06.

Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings results on Thursday, November 8th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). Activision Blizzard had a return on equity of 15.44% and a net margin of 8.07%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the business posted $0.25 EPS. The firm’s quarterly revenue was down 12.6% compared to the same quarter last year. On average, analysts anticipate that Activision Blizzard, Inc. will post 2.36 EPS for the current year.

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Activision Blizzard Profile

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

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

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