QCI Asset Management Inc. NY raised its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 197,050 shares of the company’s stock after buying an additional 1,622 shares during the quarter. QCI Asset Management Inc. NY’s holdings in Activision Blizzard were worth $15,039,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ATVI. Massachusetts Financial Services Co. MA grew its position in shares of Activision Blizzard by 5.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,151,670 shares of the company’s stock valued at $545,816,000 after purchasing an additional 389,194 shares during the period. OppenheimerFunds Inc. grew its position in shares of Activision Blizzard by 284.7% in the 1st quarter. OppenheimerFunds Inc. now owns 4,159,793 shares of the company’s stock valued at $280,621,000 after purchasing an additional 3,078,408 shares during the period. Swedbank grew its position in shares of Activision Blizzard by 3.1% in the 2nd quarter. Swedbank now owns 3,782,058 shares of the company’s stock valued at $288,647,000 after purchasing an additional 115,007 shares during the period. FIL Ltd grew its position in shares of Activision Blizzard by 32.1% in the 1st quarter. FIL Ltd now owns 3,018,342 shares of the company’s stock valued at $203,618,000 after purchasing an additional 733,922 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Activision Blizzard by 2.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,756,464 shares of the company’s stock valued at $185,952,000 after purchasing an additional 78,583 shares during the period. Institutional investors own 85.94% of the company’s stock.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $70.49, for a total transaction of $1,392,952.89. Following the sale, the chief executive officer now owns 27,361 shares in the company, valued at approximately $1,928,676.89. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.29% of the company’s stock.

Several equities analysts recently issued reports on ATVI shares. Wedbush set a $81.00 price objective on Activision Blizzard and gave the company a “buy” rating in a research report on Monday, April 30th. JPMorgan Chase & Co. started coverage on Activision Blizzard in a research report on Tuesday, May 1st. They issued a “neutral” rating and a $70.00 price objective for the company. Credit Suisse Group boosted their price objective on Activision Blizzard from $84.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, May 4th. Bank of America decreased their price objective on Activision Blizzard from $77.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, May 4th. Finally, TheStreet upgraded Activision Blizzard from a “c+” rating to a “b” rating in a research report on Thursday, May 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $78.51.

Shares of Activision Blizzard opened at $70.61 on Friday, Marketbeat reports. Activision Blizzard, Inc. has a 12-month low of $57.29 and a 12-month high of $81.64. The company has a market cap of $53.75 billion, a PE ratio of 30.13, a P/E/G ratio of 1.86 and a beta of 0.97. The company has a current ratio of 2.98, a quick ratio of 2.96 and a debt-to-equity ratio of 0.42.

Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. Activision Blizzard had a return on equity of 18.00% and a net margin of 6.96%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the business posted $0.32 EPS. The business’s revenue was down 2.3% compared to the same quarter last year. equities analysts expect that Activision Blizzard, Inc. will post 2.49 earnings per share for the current fiscal year.

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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