Chemical Bank cut its stake in Activision Blizzard, Inc. (NASDAQ:ATVI) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,706 shares of the company’s stock after selling 3,514 shares during the quarter. Chemical Bank’s holdings in Activision Blizzard were worth $3,527,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. SeaCrest Wealth Management LLC acquired a new stake in shares of Activision Blizzard during the 4th quarter worth about $125,000. Goodman Financial Corp acquired a new stake in shares of Activision Blizzard during the 4th quarter worth about $127,000. Grove Bank & Trust increased its position in shares of Activision Blizzard by 261.7% during the 3rd quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock worth $140,000 after purchasing an additional 1,570 shares during the last quarter. James Hambro & Partners acquired a new stake in shares of Activision Blizzard during the 4th quarter worth about $184,000. Finally, Exane Derivatives increased its position in shares of Activision Blizzard by 15,900.0% during the 4th quarter. Exane Derivatives now owns 3,040 shares of the company’s stock worth $192,000 after purchasing an additional 3,021 shares during the last quarter. 85.56% of the stock is owned by institutional investors and hedge funds.

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A number of analysts recently issued reports on ATVI shares. Vetr downgraded Activision Blizzard from a “hold” rating to a “sell” rating and set a $62.29 price objective for the company. in a research report on Tuesday, December 12th. SunTrust Banks set a $77.00 price objective on Activision Blizzard and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Goldman Sachs raised Activision Blizzard from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Tuesday, January 2nd. Finally, Argus raised their price objective on Activision Blizzard from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Activision Blizzard presently has a consensus rating of “Buy” and an average target price of $75.03.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $70.99, for a total transaction of $1,402,833.39. Following the completion of the sale, the chief executive officer now owns 34,398 shares in the company, valued at $2,441,914.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brian G. Kelly sold 1,700,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $70.65, for a total value of $120,105,000.00. Following the sale, the director now owns 69,474 shares of the company’s stock, valued at approximately $4,908,338.10. The disclosure for this sale can be found here. Insiders sold a total of 2,701,258 shares of company stock valued at $191,727,094 in the last quarter. Company insiders own 2.12% of the company’s stock.

Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $69.76 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.77. The stock has a market capitalization of $54,325.61, a PE ratio of 193.78, a PEG ratio of 1.91 and a beta of 1.10. Activision Blizzard, Inc. has a 52 week low of $48.13 and a 52 week high of $79.63.

Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.02. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. sell-side analysts expect that Activision Blizzard, Inc. will post 2.57 earnings per share for the current fiscal year.

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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.

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

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