Mitsubishi UFJ Trust & Banking Corp Reduces Position in Activision Blizzard, Inc. (NASDAQ:ATVI)

Mitsubishi UFJ Trust & Banking Corp decreased its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 16.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 692,259 shares of the company’s stock after selling 136,054 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Activision Blizzard were worth $64,375,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Allred Capital Management LLC purchased a new position in Activision Blizzard during the first quarter worth $25,000. TFO TDC LLC purchased a new stake in shares of Activision Blizzard in the first quarter valued at $28,000. Ropes Wealth Advisors LLC purchased a new stake in shares of Activision Blizzard in the fourth quarter valued at $29,000. Freedman Financial Associates Inc. purchased a new stake in shares of Activision Blizzard in the fourth quarter valued at $32,000. Finally, Better Money Decisions LLC purchased a new stake in shares of Activision Blizzard in the first quarter valued at $35,000. 85.91% of the stock is owned by institutional investors.

In related news, Director Peter J. Nolan bought 15,000 shares of the stock in a transaction dated Monday, May 10th. The stock was bought at an average cost of $95.62 per share, with a total value of $1,434,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher B. Walther sold 45,030 shares of the company’s stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $91.98, for a total value of $4,141,859.40. The disclosure for this sale can be found here. Insiders have bought 22,000 shares of company stock valued at $2,089,120 over the last ninety days. Corporate insiders own 0.77% of the company’s stock.

A number of research firms have issued reports on ATVI. BMO Capital Markets raised Activision Blizzard from a “market perform” rating to an “outperform” rating and set a $116.00 price target for the company in a research report on Monday, May 17th. Zacks Investment Research downgraded Activision Blizzard from a “buy” rating to a “hold” rating and set a $101.00 price target for the company. in a research report on Tuesday, April 20th. Argus boosted their price target on Activision Blizzard from $102.00 to $122.00 in a research report on Thursday, February 18th. Morgan Stanley boosted their price target on Activision Blizzard from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Activision Blizzard from $115.00 to $118.00 and gave the company a “buy” rating in a research report on Monday, May 10th. Two research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Activision Blizzard has an average rating of “Buy” and an average target price of $109.64.

Shares of NASDAQ ATVI opened at $97.69 on Friday. The company’s 50 day moving average price is $94.94. Activision Blizzard, Inc. has a 52-week low of $70.25 and a 52-week high of $104.53. The firm has a market capitalization of $75.91 billion, a PE ratio of 32.89, a P/E/G ratio of 1.55 and a beta of 0.61. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.43 and a quick ratio of 3.43.

Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings data on Monday, May 3rd. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.19. The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Activision Blizzard had a return on equity of 18.18% and a net margin of 26.95%. Activision Blizzard’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 earnings per share. As a group, research analysts anticipate that Activision Blizzard, Inc. will post 3.42 EPS for the current fiscal year.

Activision Blizzard Company Profile

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 Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment.

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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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