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

MRP Capital Investments LLC lowered its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 44.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,824 shares of the company’s stock after selling 9,536 shares during the quarter. MRP Capital Investments LLC’s holdings in Activision Blizzard were worth $1,012,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ATVI. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Activision Blizzard by 186.4% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 338 shares of the company’s stock valued at $29,000 after purchasing an additional 220 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Activision Blizzard in the 1st quarter valued at about $35,000. Ameritas Advisory Services LLC acquired a new stake in shares of Activision Blizzard in the 1st quarter valued at about $38,000. Fairfield Bush & CO. acquired a new stake in shares of Activision Blizzard in the 1st quarter valued at about $41,000. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of Activision Blizzard in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 81.93% of the company’s stock.

Wall Street Analyst Weigh In

ATVI has been the topic of a number of recent analyst reports. Raymond James lowered shares of Activision Blizzard to a “market perform” rating in a research note on Tuesday, July 11th. Jefferies Financial Group downgraded shares of Activision Blizzard from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research report on Thursday, July 20th. Citigroup downgraded shares of Activision Blizzard from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $90.00 to $95.00 in a research report on Thursday, July 20th. Stifel Nicolaus downgraded shares of Activision Blizzard from a “buy” rating to a “hold” rating and boosted their price objective for the company from $88.00 to $95.00 in a research report on Wednesday, July 12th. Finally, BNP Paribas downgraded shares of Activision Blizzard from an “outperform” rating to a “neutral” rating and set a $95.00 price objective for the company. in a research report on Thursday, July 13th. Sixteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $94.37.

Activision Blizzard Price Performance

Shares of Activision Blizzard stock traded up $0.01 on Thursday, hitting $91.99. The company had a trading volume of 6,674,111 shares, compared to its average volume of 8,518,198. The business has a 50-day simple moving average of $89.38 and a 200-day simple moving average of $83.37. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.66 and a quick ratio of 4.66. The company has a market cap of $72.38 billion, a PE ratio of 33.69, a PEG ratio of 2.54 and a beta of 0.44. Activision Blizzard, Inc. has a 52 week low of $70.94 and a 52 week high of $93.67.

Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Wednesday, July 19th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.78 by $0.17. Activision Blizzard had a net margin of 24.87% and a return on equity of 14.87%. The business had revenue of $2.46 billion during the quarter, compared to analyst estimates of $2.44 billion. Research analysts expect that Activision Blizzard, Inc. will post 3.74 EPS for the current fiscal year.

Activision Blizzard Increases Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, August 17th. Investors of record on Wednesday, August 2nd were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, August 1st. This is a positive change from Activision Blizzard’s previous annual dividend of $0.47. This represents a yield of 1.07%. Activision Blizzard’s dividend payout ratio is currently 36.26%.

Activision Blizzard Profile

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.