San Francisco Sentry Investment Group CA decreased its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 82.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,565 shares of the company’s stock after selling 11,795 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Activision Blizzard were worth $196,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global X Management Co. LLC raised its position in Activision Blizzard by 18.5% in the 1st quarter. Global X Management Co. LLC now owns 7,959 shares of the company’s stock valued at $537,000 after purchasing an additional 1,242 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Activision Blizzard by 49.9% during the first quarter. Daiwa Securities Group Inc. now owns 84,200 shares of the company’s stock worth $5,680,000 after acquiring an additional 28,035 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its holdings in Activision Blizzard by 53.6% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 55,524 shares of the company’s stock worth $3,647,000 after acquiring an additional 19,370 shares in the last quarter. Morse Asset Management Inc raised its holdings in Activision Blizzard by 90.1% during the first quarter. Morse Asset Management Inc now owns 43,255 shares of the company’s stock worth $2,918,000 after acquiring an additional 20,505 shares in the last quarter. Finally, Miracle Mile Advisors LLC bought a new stake in Activision Blizzard during the first quarter worth about $5,110,000. Institutional investors own 85.58% of the company’s stock.

Several research firms have issued reports on ATVI. BidaskClub lowered Activision Blizzard from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research lowered Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Barclays dropped their price objective on Activision Blizzard from $82.00 to $79.00 and set a “hold” rating on the stock in a research note on Sunday, August 5th. Wedbush set a $85.00 price objective on Activision Blizzard and gave the company a “buy” rating in a research note on Friday, August 3rd. Finally, Needham & Company LLC upped their target price on Activision Blizzard from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $78.51.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the 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 of the company’s stock, valued at $1,928,676.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.29% of the company’s stock.

Shares of NASDAQ:ATVI opened at $70.61 on Monday. The company has a market cap of $53.83 billion, a P/E ratio of 34.44, a P/E/G ratio of 1.86 and a beta of 0.97. Activision Blizzard, Inc. has a 1 year low of $57.29 and a 1 year high of $81.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.96 and a current ratio of 2.98.

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

Activision Blizzard Company Profile

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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