Activision Blizzard, Inc. (NASDAQ:ATVI) Shares Bought by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 405,877 shares of the company’s stock after acquiring an additional 24,389 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Activision Blizzard were worth $27,364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. boosted its stake in Activision Blizzard by 0.5% in the third quarter. BlackRock Inc. now owns 58,141,430 shares of the company’s stock valued at $4,499,567,000 after acquiring an additional 267,407 shares in the last quarter. Capital World Investors boosted its stake in Activision Blizzard by 2.4% in the third quarter. Capital World Investors now owns 25,698,586 shares of the company’s stock valued at $1,988,814,000 after acquiring an additional 605,277 shares in the last quarter. Geode Capital Management LLC boosted its stake in Activision Blizzard by 8.3% in the third quarter. Geode Capital Management LLC now owns 14,165,064 shares of the company’s stock valued at $1,093,649,000 after acquiring an additional 1,079,708 shares in the last quarter. Morgan Stanley boosted its stake in Activision Blizzard by 7.3% in the second quarter. Morgan Stanley now owns 10,097,483 shares of the company’s stock valued at $963,703,000 after acquiring an additional 687,258 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Activision Blizzard by 37.4% in the third quarter. Deutsche Bank AG now owns 7,393,088 shares of the company’s stock valued at $572,151,000 after acquiring an additional 2,010,651 shares in the last quarter. Institutional investors own 84.01% of the company’s stock.

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Wednesday, January 19th. Stifel Nicolaus lifted their price objective on shares of Activision Blizzard from $77.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, January 19th. BMO Capital Markets lifted their price objective on shares of Activision Blizzard from $90.00 to $95.00 in a research note on Thursday, January 20th. Truist Financial downgraded shares of Activision Blizzard from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $74.00 to $95.00 in a research note on Tuesday, January 18th. Finally, BNP Paribas downgraded shares of Activision Blizzard from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $106.00 to $95.00 in a research note on Wednesday, January 19th. Nineteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Activision Blizzard presently has an average rating of “Hold” and a consensus price target of $96.82.

ATVI opened at $78.90 on Friday. Activision Blizzard, Inc. has a fifty-two week low of $56.40 and a fifty-two week high of $99.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 5.21 and a current ratio of 5.21. The company has a fifty day moving average of $80.17 and a two-hundred day moving average of $73.57. The stock has a market capitalization of $61.61 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 1.63 and a beta of 0.55.

Activision Blizzard (NASDAQ:ATVIGet Rating) last released its quarterly earnings data on Thursday, February 3rd. The company reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.23). Activision Blizzard had a net margin of 30.65% and a return on equity of 15.15%. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the previous year, the firm posted $1.13 EPS. On average, equities research analysts forecast that Activision Blizzard, Inc. will post 3.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 6th. Stockholders of record on Friday, April 15th will be paid a dividend of $0.47 per share. The ex-dividend date is Wednesday, April 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.38%. This is a boost from Activision Blizzard’s previous quarterly dividend of $0.34. Activision Blizzard’s payout ratio is currently 13.62%.

In other news, CAO Jesse Yang sold 2,072 shares of the business’s stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $79.54, for a total transaction of $164,806.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Daniel Alegre sold 14,563 shares of the business’s stock in a transaction dated Monday, March 14th. The stock was sold at an average price of $79.66, for a total transaction of $1,160,088.58. The disclosure for this sale can be found here. 0.77% of the stock is owned by insiders.

About Activision Blizzard (Get Rating)

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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