Exxonmobil Investment Management Inc. TX lessened its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 12.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,223 shares of the company’s stock after selling 17,636 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Activision Blizzard were worth $7,613,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. grew its position in Activision Blizzard by 0.5% in the second quarter. BlackRock Inc. now owns 49,147,427 shares of the company’s stock valued at $2,829,418,000 after acquiring an additional 235,362 shares during the last quarter. Vanguard Group Inc. grew its position in Activision Blizzard by 4.8% in the second quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock valued at $2,786,211,000 after acquiring an additional 2,200,995 shares during the last quarter. State Street Corp grew its holdings in shares of Activision Blizzard by 4.7% during the second quarter. State Street Corp now owns 26,680,585 shares of the company’s stock worth $1,536,010,000 after purchasing an additional 1,197,980 shares during the last quarter. Capital World Investors grew its holdings in shares of Activision Blizzard by 23.8% during the second quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock worth $1,297,513,000 after purchasing an additional 4,327,000 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Activision Blizzard by 820.8% during the second quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock worth $1,168,587,000 after purchasing an additional 18,094,334 shares during the last quarter. Hedge funds and other institutional investors own 86.92% of the company’s stock.
Shares of Activision Blizzard, Inc. (ATVI) traded down $0.78 on Thursday, reaching $73.35. The company’s stock had a trading volume of 5,136,740 shares, compared to its average volume of 5,330,000. Activision Blizzard, Inc. has a 12-month low of $38.93 and a 12-month high of $74.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25. The firm has a market capitalization of $55,460.00, a price-to-earnings ratio of 50.24, a PEG ratio of 2.10 and a beta of 1.02.
Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.11. Activision Blizzard had a return on equity of 17.56% and a net margin of 15.90%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.74 billion. equities research analysts expect that Activision Blizzard, Inc. will post 2.11 EPS for the current fiscal year.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $63.64, for a total value of $1,257,590.04. Following the transaction, the chief executive officer now directly owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.12% of the stock is currently owned by insiders.
Several analysts have recently weighed in on ATVI shares. Wedbush set a $75.00 price target on Activision Blizzard and gave the stock a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target on the stock in a report on Friday, October 27th. Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.58 price target on the stock in a report on Tuesday, October 10th. Cowen cut Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 price target on the stock. in a report on Monday, October 9th. Finally, UBS Group boosted their price target on Activision Blizzard from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Seven equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $70.77.
TRADEMARK VIOLATION WARNING: “Exxonmobil Investment Management Inc. TX Has $7.61 Million Position in Activision Blizzard, Inc. (ATVI)” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/01/exxonmobil-investment-management-inc-tx-trims-holdings-in-activision-blizzard-inc-atvi.html.
Activision Blizzard Profile
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.