Activision Blizzard, Inc. (ATVI) Stake Decreased by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC lessened its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 56.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,045 shares of the company’s stock after selling 4,000 shares during the period. Joel Isaacson & Co. LLC’s holdings in Activision Blizzard were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Standard Life Aberdeen plc lifted its holdings in shares of Activision Blizzard by 2.7% during the 2nd quarter. Standard Life Aberdeen plc now owns 1,666,892 shares of the company’s stock worth $127,226,000 after acquiring an additional 44,538 shares during the period. Gladstone Capital Management LLP lifted its holdings in shares of Activision Blizzard by 13.0% during the 2nd quarter. Gladstone Capital Management LLP now owns 304,889 shares of the company’s stock worth $23,175,000 after acquiring an additional 35,000 shares during the period. Gabelli Funds LLC lifted its holdings in shares of Activision Blizzard by 62.4% during the 2nd quarter. Gabelli Funds LLC now owns 284,200 shares of the company’s stock worth $21,690,000 after acquiring an additional 109,200 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in shares of Activision Blizzard during the 2nd quarter worth approximately $1,196,000. Finally, Gateway Investment Advisers LLC bought a new position in Activision Blizzard in the 2nd quarter valued at approximately $37,904,000. 87.14% of the stock is owned by institutional investors.

Shares of NASDAQ ATVI opened at $69.75 on Friday. The company has a quick ratio of 2.96, a current ratio of 2.98 and a debt-to-equity ratio of 0.42. Activision Blizzard, Inc. has a 52-week low of $57.29 and a 52-week high of $84.68. The company has a market capitalization of $54.75 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 1.91 and a beta of 0.86.

Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.11. Activision Blizzard had a net margin of 6.96% and a return on equity of 16.39%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company posted $0.32 EPS. The company’s revenue was down 2.3% on a year-over-year basis. As a group, research analysts expect that Activision Blizzard, Inc. will post 2.49 earnings per share for the current year.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $68.70, for a total value of $1,357,580.70. Following the completion of the transaction, the chief executive officer now directly owns 20,324 shares in the company, valued at approximately $1,396,258.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.29% of the company’s stock.

ATVI has been the subject of several research reports. BidaskClub downgraded shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 25th. Needham & Company LLC increased their price objective on shares of Activision Blizzard from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Wedbush set a $81.00 price objective on shares of Activision Blizzard and gave the company a “buy” rating in a research note on Thursday, July 26th. Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Wednesday, July 4th. Finally, Argus reissued a “buy” rating and issued a $90.00 price objective (up previously from $81.00) on shares of Activision Blizzard in a research note on Friday, September 21st. Eight research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $82.16.

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. The company 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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