Guardian Life Insurance Co. of America boosted its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,671 shares of the company’s stock after buying an additional 51 shares during the period. Guardian Life Insurance Co. of America’s holdings in Activision Blizzard were worth $133,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its stake in Activision Blizzard by 0.5% in the first quarter. FMR LLC now owns 112,040,404 shares of the company’s stock valued at $5,586,335,000 after buying an additional 560,282 shares in the last quarter. Lone Pine Capital LLC raised its stake in Activision Blizzard by 19.4% in the fourth quarter. Lone Pine Capital LLC now owns 20,648,534 shares of the company’s stock valued at $745,619,000 after buying an additional 3,358,970 shares in the last quarter. Janus Capital Management LLC raised its stake in Activision Blizzard by 54.1% in the fourth quarter. Janus Capital Management LLC now owns 17,377,443 shares of the company’s stock valued at $627,710,000 after buying an additional 6,099,218 shares in the last quarter. Egerton Capital UK LLP raised its stake in Activision Blizzard by 225.7% in the first quarter. Egerton Capital UK LLP now owns 12,219,008 shares of the company’s stock valued at $609,240,000 after buying an additional 8,467,902 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in Activision Blizzard by 110,271.4% in the first quarter. Jennison Associates LLC now owns 12,179,488 shares of the company’s stock valued at $607,269,000 after buying an additional 12,168,453 shares in the last quarter. 88.00% of the stock is owned by institutional investors.

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

Activision Blizzard, Inc (NASDAQ ATVI) traded up 0.3948% during mid-day trading on Wednesday, reaching $60.3875. The company had a trading volume of 1,870,126 shares. Activision Blizzard, Inc has a 52 week low of $35.12 and a 52 week high of $61.10. The stock has a 50 day moving average of $57.28 and a 200 day moving average of $47.26. The stock has a market capitalization of $45.51 billion, a price-to-earnings ratio of 44.3048 and a beta of 1.03.

Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.11. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.09 billion. Activision Blizzard had a return on equity of 16.90% and a net margin of 14.63%. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 earnings per share. Analysts anticipate that Activision Blizzard, Inc will post $2.00 earnings per share for the current year.

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Several research firms have weighed in on ATVI. Jefferies Group LLC restated a “buy” rating and issued a $68.00 price target on shares of Activision Blizzard in a research note on Thursday, June 8th. Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.63 price target for the company in a research note on Thursday, June 8th. Benchmark Co. upped their price target on Activision Blizzard from $60.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley upped their price target on Activision Blizzard from $57.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 7th. Finally, Macquarie restated an “outperform” rating and issued a $58.00 price target on shares of Activision Blizzard in a research note on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $56.52.

In other Activision Blizzard news, Director Brian G. Kelly sold 420,063 shares of the business’s stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of $49.90, for a total transaction of $20,961,143.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $55.45, for a total value of $1,095,747.45. Following the transaction, the chief executive officer now directly owns 55,509 shares in the company, valued at approximately $3,077,974.05. The disclosure for this sale can be found here. Insiders own 2.12% of the company’s stock.

About Activision Blizzard

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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