Fort L.P. Has $978,000 Stake in Activision Blizzard, Inc. (NASDAQ:ATVI)

Fort L.P. decreased its stake in Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) by 14.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,693 shares of the company’s stock after selling 2,388 shares during the period. Fort L.P.’s holdings in Activision Blizzard were worth $978,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ATVI. Morgan Stanley grew its holdings in shares of Activision Blizzard by 7.3% in the 2nd 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. Creative Planning grew its holdings in Activision Blizzard by 7.4% during the third quarter. Creative Planning now owns 51,297 shares of the company’s stock worth $3,970,000 after purchasing an additional 3,533 shares during the period. BOKF NA bought a new position in Activision Blizzard during the third quarter worth about $1,487,000. Cumberland Partners Ltd grew its holdings in Activision Blizzard by 23.0% during the third quarter. Cumberland Partners Ltd now owns 16,550 shares of the company’s stock worth $1,280,000 after purchasing an additional 3,100 shares during the period. Finally, American Century Companies Inc. grew its holdings in Activision Blizzard by 12.5% during the third quarter. American Century Companies Inc. now owns 232,018 shares of the company’s stock worth $17,955,000 after purchasing an additional 25,817 shares during the period. Institutional investors own 83.11% of the company’s stock.

Shares of Activision Blizzard stock traded down $0.30 on Wednesday, hitting $78.24. 40,238 shares of the company traded hands, compared to its average volume of 7,390,463. The company has a market cap of $61.17 billion, a P/E ratio of 24.85, a P/E/G ratio of 2.00 and a beta of 0.56. The firm’s 50-day simple moving average is $78.91 and its 200 day simple moving average is $73.54. Activision Blizzard, Inc. has a 12-month low of $56.40 and a 12-month high of $99.46. The company has a current ratio of 5.45, a quick ratio of 5.45 and a debt-to-equity ratio of 0.20.

Activision Blizzard (NASDAQ:ATVIGet Rating) last issued its earnings results on Monday, April 25th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.07). Activision Blizzard had a return on equity of 12.70% and a net margin of 29.82%. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the business earned $0.69 EPS. Activision Blizzard’s revenue for the quarter was down 22.3% compared to the same quarter last year. Analysts predict that Activision Blizzard, Inc. will post 2.68 earnings per share for the current year.

In other Activision Blizzard news, CAO Jesse Yang sold 10,812 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $78.68, for a total value of $850,688.16. Following the completion of the transaction, the chief accounting officer now directly owns 62,272 shares in the company, valued at $4,899,560.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Daniel Alegre sold 14,563 shares of the company’s stock in a transaction that occurred on 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. Insiders have sold a total of 27,447 shares of company stock worth $2,175,584 in the last ninety days. Insiders own 0.77% of the company’s stock.

A number of equities analysts recently commented on ATVI shares. StockNews.com assumed coverage on Activision Blizzard in a report on Thursday, March 31st. They set a “hold” rating for the company. Truist Financial cut Activision Blizzard from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $74.00 to $95.00 in a report on Tuesday, January 18th. Raymond James downgraded shares of Activision Blizzard from an “outperform” rating to a “market perform” rating in a research report on Friday, January 21st. Credit Suisse Group downgraded shares of Activision Blizzard from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $125.00 to $95.00 in a research report on Wednesday, January 19th. Finally, Exane BNP Paribas downgraded shares of Activision Blizzard from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $106.00 to $95.00 in a report on Wednesday, January 19th. Nineteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $95.86.

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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