Barings LLC raised its stake in Activision Blizzard, Inc. (NASDAQ:ATVI) by 57.1% in the 4th quarter, Holdings Channel reports. The firm owned 94,893 shares of the company’s stock after acquiring an additional 34,493 shares during the period. Barings LLC’s holdings in Activision Blizzard were worth $6,008,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. grew its position in shares of Activision Blizzard by 321.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after buying an additional 1,180 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Activision Blizzard during the 4th quarter valued at about $125,000. Goodman Financial Corp bought a new stake in shares of Activision Blizzard during the 4th quarter valued at about $127,000. Grove Bank & Trust grew 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 valued at $140,000 after buying an additional 1,570 shares during the last quarter. Finally, Phocas Financial Corp. bought a new stake in shares of Activision Blizzard during the 2nd quarter valued at about $173,000. 85.61% of the stock is owned by institutional investors.

A number of brokerages recently weighed in on ATVI. Vetr downgraded shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.27 price objective for the company. in a research report on Monday, November 20th. Morgan Stanley boosted their price objective on shares of Activision Blizzard from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, November 3rd. Sanford C. Bernstein began coverage on shares of Activision Blizzard in a research report on Thursday, January 18th. They set a “market perform” rating and a $74.00 price objective for the company. Wedbush set a $81.00 price objective on shares of Activision Blizzard and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, Credit Suisse Group boosted their price objective on shares of Activision Blizzard from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Activision Blizzard currently has a consensus rating of “Buy” and a consensus target price of $71.95.

In other news, CEO of King Digital Entertainment Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $63.64, for a total value of $1,257,590.04. Following the completion of the sale, the insider now directly owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.12% of the company’s stock.

Shares of Activision Blizzard, Inc. (NASDAQ ATVI) opened at $69.65 on Thursday. The firm has a market cap of $51,437.45, a P/E ratio of 193.47, a PEG ratio of 1.81 and a beta of 1.11. Activision Blizzard, Inc. has a one year low of $44.47 and a one year high of $74.94. The company has a quick ratio of 1.77, a current ratio of 1.78 and a debt-to-equity ratio of 0.46.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.55 billion. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. research analysts anticipate that Activision Blizzard, Inc. will post 2.57 earnings per share for the current year.

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Activision Blizzard Company 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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