Activision Blizzard, Inc. (NASDAQ:ATVI) Shares Sold by Brinker Capital Investments LLC

Brinker Capital Investments LLC trimmed its holdings in Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) by 2.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 11,811 shares of the company’s stock after selling 324 shares during the quarter. Brinker Capital Investments LLC’s holdings in Activision Blizzard were worth $878,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Waldron Private Wealth LLC raised its position in shares of Activision Blizzard by 0.6% in the second quarter. Waldron Private Wealth LLC now owns 21,015 shares of the company’s stock valued at $1,636,000 after buying an additional 126 shares during the last quarter. Roberts Glore & Co. Inc. IL raised its position in shares of Activision Blizzard by 1.7% in the second quarter. Roberts Glore & Co. Inc. IL now owns 7,564 shares of the company’s stock valued at $589,000 after buying an additional 130 shares during the last quarter. NuWave Investment Management LLC raised its position in shares of Activision Blizzard by 2.4% in the third quarter. NuWave Investment Management LLC now owns 6,211 shares of the company’s stock valued at $462,000 after buying an additional 144 shares during the last quarter. Asset Dedication LLC raised its position in shares of Activision Blizzard by 13.3% in the second quarter. Asset Dedication LLC now owns 1,237 shares of the company’s stock valued at $97,000 after buying an additional 145 shares during the last quarter. Finally, Boltwood Capital Management raised its position in shares of Activision Blizzard by 2.7% in the third quarter. Boltwood Capital Management now owns 5,537 shares of the company’s stock valued at $412,000 after buying an additional 148 shares during the last quarter. 79.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Benchmark reiterated a “buy” rating and issued a $100.00 target price on shares of Activision Blizzard in a research report on Friday, December 9th. MKM Partners raised shares of Activision Blizzard from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Tuesday, November 15th. Morgan Stanley raised shares of Activision Blizzard from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a report on Monday, November 28th. JPMorgan Chase & Co. dropped their price objective on shares of Activision Blizzard from $95.00 to $86.00 in a report on Monday, November 28th. Finally, Truist Financial raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and upped their price objective for the company from $79.00 to $81.00 in a report on Monday, November 28th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $91.85.

Activision Blizzard Trading Up 0.1 %

Shares of ATVI stock opened at $73.84 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 5.76 and a quick ratio of 5.76. The firm has a market cap of $57.79 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 2.24 and a beta of 0.47. The company has a 50-day moving average of $75.75 and a two-hundred day moving average of $76.25. Activision Blizzard, Inc. has a 1-year low of $70.94 and a 1-year high of $82.00.

Activision Blizzard (NASDAQ:ATVIGet Rating) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.16. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Activision Blizzard had a net margin of 22.75% and a return on equity of 9.64%. On average, analysts predict that Activision Blizzard, Inc. will post 2.61 EPS for the current year.

Activision Blizzard Profile

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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.

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

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