Activision Blizzard, Inc. (NASDAQ:ATVI) Shares Sold by Anderson Hoagland & Co.

Anderson Hoagland & Co. decreased its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 0.6% during the 3rd quarter, Holdings Channel reports. The firm owned 35,730 shares of the company’s stock after selling 225 shares during the quarter. Activision Blizzard comprises about 1.1% of Anderson Hoagland & Co.’s holdings, making the stock its 23rd biggest position. Anderson Hoagland & Co.’s holdings in Activision Blizzard were worth $1,808,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Capital Investment Advisory Services LLC boosted its stake in shares of Activision Blizzard by 189.5% during the second quarter. Capital Investment Advisory Services LLC now owns 553 shares of the company’s stock valued at $25,000 after acquiring an additional 362 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Activision Blizzard during the second quarter valued at $29,000. Thor Advisors LLC acquired a new stake in shares of Activision Blizzard during the first quarter valued at $40,000. Kavar Capital Partners LLC acquired a new stake in shares of Activision Blizzard during the second quarter valued at $47,000. Finally, Executive Wealth Management LLC boosted its stake in shares of Activision Blizzard by 42.5% during the second quarter. Executive Wealth Management LLC now owns 1,026 shares of the company’s stock valued at $48,000 after acquiring an additional 306 shares during the last quarter. 86.97% of the stock is currently owned by institutional investors.

ATVI has been the topic of a number of analyst reports. Stephens raised Activision Blizzard from an “equal” rating to a “weight” rating and increased their price objective for the company from $52.00 to $65.00 in a research note on Thursday, September 5th. Ascendiant Capital Markets reaffirmed a “buy” rating and set a $55.00 price objective (up previously from $53.00) on shares of Activision Blizzard in a research note on Wednesday, August 14th. Stifel Nicolaus increased their price objective on Activision Blizzard from $57.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Wedbush reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Activision Blizzard in a research note on Friday, August 9th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $60.00 price objective on shares of Activision Blizzard in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $60.00.

Shares of Activision Blizzard stock traded down $0.70 during trading hours on Wednesday, reaching $53.43. The stock had a trading volume of 8,343,829 shares, compared to its average volume of 9,143,277. The firm has a 50 day simple moving average of $52.91 and a two-hundred day simple moving average of $48.01. The firm has a market capitalization of $42.52 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 2.14 and a beta of 0.85. The company has a current ratio of 3.46, a quick ratio of 3.43 and a debt-to-equity ratio of 0.22. Activision Blizzard, Inc. has a 1 year low of $39.85 and a 1 year high of $80.25.

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

In other news, insider Brian M. Stolz sold 134,845 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was 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 in the company, valued at approximately $2,799,311.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher B. Walther sold 5,333 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $52.67, for a total value of $280,889.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 150,844 shares of company stock worth $7,266,020. Company insiders own 1.31% of the company’s stock.

Activision Blizzard Company Profile

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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