Wright Investors Service Inc. Acquires 1,662 Shares of Activision Blizzard, Inc. (NASDAQ:ATVI)

Wright Investors Service Inc. lifted its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 9.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,575 shares of the company’s stock after purchasing an additional 1,662 shares during the quarter. Wright Investors Service Inc.’s holdings in Activision Blizzard were worth $877,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Activision Blizzard by 7.4% during the fourth quarter. Geode Capital Management LLC now owns 9,116,102 shares of the company’s stock worth $423,741,000 after purchasing an additional 626,387 shares during the period. Swedbank boosted its position in shares of Activision Blizzard by 21.5% during the 1st quarter. Swedbank now owns 6,007,179 shares of the company’s stock worth $273,507,000 after acquiring an additional 1,063,547 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Activision Blizzard by 4.6% during the 1st quarter. Artisan Partners Limited Partnership now owns 5,063,920 shares of the company’s stock worth $230,560,000 after acquiring an additional 222,722 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt boosted its position in shares of Activision Blizzard by 10.0% during the 2nd quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,950,000 shares of the company’s stock worth $233,640,000 after acquiring an additional 450,000 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Activision Blizzard by 5.8% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,902,506 shares of the company’s stock worth $136,998,000 after acquiring an additional 159,847 shares in the last quarter. 86.34% of the stock is currently owned by institutional investors.

In other news, insider Christopher B. Walther sold 5,333 shares of Activision Blizzard stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $50.34, for a total transaction of $268,463.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher B. Walther sold 2,333 shares of Activision Blizzard stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $44.00, for a total transaction of $102,652.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,999 shares of company stock worth $914,079. 1.29% of the stock is owned by company insiders.

ATVI has been the topic of several analyst reports. ValuEngine upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Bank of America increased their price target on shares of Activision Blizzard from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Credit Suisse Group reduced their price target on shares of Activision Blizzard from $65.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Nomura initiated coverage on shares of Activision Blizzard in a research report on Thursday, June 6th. They set a “neutral” rating and a $49.00 price target on the stock. Finally, BidaskClub lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research report on Wednesday. Twelve analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $59.68.

Activision Blizzard stock traded up $0.11 during mid-day trading on Thursday, reaching $45.37. The company had a trading volume of 214,949 shares, compared to its average volume of 6,763,880. Activision Blizzard, Inc. has a fifty-two week low of $39.85 and a fifty-two week high of $84.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.61 and a current ratio of 2.63. The firm has a market cap of $36.11 billion, a P/E ratio of 18.93, a P/E/G ratio of 2.06 and a beta of 0.90. The company has a fifty day moving average of $47.41.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Activision Blizzard had a net margin of 23.69% and a return on equity of 15.81%. Activision Blizzard’s revenue was down 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. Sell-side analysts predict that Activision Blizzard, Inc. will post 2.01 earnings per share for the current fiscal year.

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. It 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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