Activision Blizzard, Inc. (NASDAQ:ATVI) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lessened its stake in Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) by 57.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,524 shares of the company’s stock after selling 4,825 shares during the period. J.W. Cole Advisors Inc.’s holdings in Activision Blizzard were worth $282,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ATVI. MV Capital Management Inc. increased its position in Activision Blizzard by 275.5% in the 1st quarter. MV Capital Management Inc. now owns 353 shares of the company’s stock valued at $28,000 after acquiring an additional 259 shares during the period. James Investment Research Inc. purchased a new stake in Activision Blizzard in the 1st quarter valued at approximately $37,000. Professional Financial Advisors LLC purchased a new stake in Activision Blizzard in the 1st quarter valued at approximately $38,000. Tcwp LLC purchased a new stake in Activision Blizzard in the 1st quarter valued at approximately $38,000. Finally, Fairfield Bush & CO. purchased a new stake in Activision Blizzard in the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 78.78% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on ATVI. Deutsche Bank Aktiengesellschaft lowered their price objective on Activision Blizzard from $95.00 to $84.00 in a report on Thursday, August 4th. Moffett Nathanson raised Activision Blizzard from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Wednesday, August 3rd. Finally, Atlantic Securities raised Activision Blizzard from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $95.00 to $84.00 in a report on Thursday, September 15th. Fifteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Activision Blizzard has an average rating of “Hold” and a consensus target price of $93.58.

Activision Blizzard Price Performance

ATVI stock opened at $75.04 on Wednesday. Activision Blizzard, Inc. has a 1 year low of $56.40 and a 1 year high of $86.90. The company has a debt-to-equity ratio of 0.20, a quick ratio of 6.18 and a current ratio of 6.18. The stock’s 50 day moving average price is $78.84 and its 200 day moving average price is $78.46. The firm has a market cap of $58.70 billion, a P/E ratio of 31.27, a PEG ratio of 3.28 and a beta of 0.51.

Activision Blizzard (NASDAQ:ATVIGet Rating) last posted its earnings results on Monday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.09. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.57 billion. Activision Blizzard had a return on equity of 10.22% and a net margin of 24.57%. Activision Blizzard’s revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. On average, sell-side analysts expect that Activision Blizzard, Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Activision Blizzard

In other Activision Blizzard news, CFO Armin Zerza sold 10,174 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $80.22, for a total value of $816,158.28. Following the completion of the transaction, the chief financial officer now directly owns 186,117 shares in the company, valued at approximately $14,930,305.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Activision Blizzard news, CFO Armin Zerza sold 10,174 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $80.22, for a total value of $816,158.28. Following the completion of the transaction, the chief financial officer now directly owns 186,117 shares in the company, valued at approximately $14,930,305.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Daniel Alegre sold 10,000 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $78.16, for a total value of $781,600.00. Following the completion of the transaction, the chief operating officer now owns 176,690 shares of the company’s stock, valued at $13,810,090.40. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

About Activision Blizzard

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Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products.

Further Reading

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

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