Mark Asset Management Corp raised its stake in Activision Blizzard, Inc. (NASDAQ:ATVI) by 41.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 165,640 shares of the company’s stock after buying an additional 48,468 shares during the period. Activision Blizzard makes up about 3.3% of Mark Asset Management Corp’s investment portfolio, making the stock its 7th largest holding. Mark Asset Management Corp’s holdings in Activision Blizzard were worth $13,780,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Asset Advisors Investment Management LLC acquired a new stake in Activision Blizzard during the 3rd quarter valued at $100,000. Ashburton Jersey Ltd acquired a new stake in Activision Blizzard during the 2nd quarter valued at $107,000. Quad Cities Investment Group LLC acquired a new stake in Activision Blizzard during the 2nd quarter valued at $114,000. Psagot Investment House Ltd. acquired a new stake in Activision Blizzard during the 3rd quarter valued at $135,000. Finally, Acadian Asset Management LLC acquired a new stake in Activision Blizzard during the 2nd quarter valued at $156,000. 89.76% of the stock is currently owned by institutional investors.

NASDAQ ATVI opened at $46.52 on Wednesday. Activision Blizzard, Inc. has a 1-year low of $46.34 and a 1-year high of $84.68. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.01 and a current ratio of 2.09. The firm has a market capitalization of $38.06 billion, a PE ratio of 22.69, a P/E/G ratio of 1.45 and a beta of 1.05.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, November 8th. The company reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.03). Activision Blizzard had a return on equity of 15.44% and a net margin of 8.07%. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the company posted $0.25 earnings per share. The company’s revenue was down 12.6% compared to the same quarter last year. On average, sell-side analysts predict that Activision Blizzard, Inc. will post 2.36 EPS for the current year.

Several analysts have issued reports on the stock. Wedbush boosted their target price on shares of Activision Blizzard from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 1st. BidaskClub raised shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research note on Saturday, September 29th. Argus reissued a “buy” rating and set a $90.00 target price (up from $81.00) on shares of Activision Blizzard in a research note on Friday, September 21st. Piper Jaffray Companies reissued an “overweight” rating and set a $88.00 target price on shares of Activision Blizzard in a research note on Wednesday, September 26th. Finally, Robert W. Baird boosted their target price on shares of Activision Blizzard from $81.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $75.53.

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About Activision Blizzard

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. The company 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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