MUFG Securities EMEA plc Makes New $661,000 Investment in Activision Blizzard, Inc. (NASDAQ:ATVI)

MUFG Securities EMEA plc purchased a new position in Activision Blizzard, Inc. (NASDAQ:ATVI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,000 shares of the company’s stock, valued at approximately $661,000.

Other large investors have also recently made changes to their positions in the company. Athanor Capital LP purchased a new stake in shares of Activision Blizzard in the second quarter worth approximately $618,000. Toronto Dominion Bank raised its stake in shares of Activision Blizzard by 9.7% in the second quarter. Toronto Dominion Bank now owns 684,078 shares of the company’s stock worth $32,282,000 after purchasing an additional 60,720 shares during the last quarter. Ossiam raised its stake in shares of Activision Blizzard by 3.3% in the second quarter. Ossiam now owns 27,971 shares of the company’s stock worth $1,320,000 after purchasing an additional 893 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in shares of Activision Blizzard by 3.9% in the second quarter. Pictet Asset Management Ltd. now owns 344,605 shares of the company’s stock worth $16,265,000 after purchasing an additional 13,000 shares during the last quarter. Finally, Cibc World Markets Corp raised its stake in shares of Activision Blizzard by 5.7% in the second quarter. Cibc World Markets Corp now owns 767,980 shares of the company’s stock worth $36,249,000 after purchasing an additional 41,236 shares during the last quarter. Institutional investors and hedge funds own 87.07% of the company’s stock.

In other Activision Blizzard news, insider Christopher B. Walther sold 5,333 shares of the stock in a transaction on Thursday, August 1st. The stock was 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian M. Stolz sold 134,845 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $47.80, for a total value of $6,445,591.00. Following the transaction, the insider now directly owns 58,563 shares of the company’s stock, valued at $2,799,311.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 156,844 shares of company stock valued at $7,528,095. 1.29% of the stock is owned by corporate insiders.

Several brokerages have recently commented on ATVI. TheStreet raised Activision Blizzard from a “c+” rating to a “b-” rating in a research note on Tuesday, August 13th. Goldman Sachs Group raised Activision Blizzard from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $54.00 in a research note on Tuesday, May 28th. Citigroup began coverage on Activision Blizzard in a research note on Friday, June 7th. They issued a “neutral” rating and a $47.00 price objective for the company. Stifel Nicolaus increased their price objective on Activision Blizzard from $57.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Wedbush reissued an “outperform” rating and issued a $60.00 price objective on shares of Activision Blizzard in a research note on Friday, August 9th. Eight research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $61.71.

Shares of ATVI traded up $0.27 on Friday, reaching $55.72. 265,914 shares of the company’s stock traded hands, compared to its average volume of 7,147,338. The company has a current ratio of 3.46, a quick ratio of 3.43 and a debt-to-equity ratio of 0.22. The stock has a market cap of $42.85 billion, a PE ratio of 23.32, a PEG ratio of 2.22 and a beta of 0.89. The stock’s 50 day simple moving average is $49.35 and its two-hundred day simple moving average is $46.51. Activision Blizzard, Inc. has a 52-week low of $39.85 and a 52-week high of $84.68.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.14. Activision Blizzard had a return on equity of 15.54% and a net margin of 23.69%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business posted $0.41 earnings per share. Activision Blizzard’s revenue was down 12.9% on a year-over-year basis. Analysts forecast that Activision Blizzard, Inc. will post 2 earnings per share for the current year.

About Activision Blizzard

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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