Wedbush Securities Inc. reduced its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,232 shares of the company’s stock after selling 565 shares during the quarter. Wedbush Securities Inc.’s holdings in Activision Blizzard were worth $1,177,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ATVI. Massey Quick Simon & CO. LLC bought a new position in Activision Blizzard in the third quarter worth about $29,000. Capital Investment Advisory Services LLC raised its holdings in Activision Blizzard by 189.5% in the second quarter. Capital Investment Advisory Services LLC now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 362 shares in the last quarter. Redhawk Wealth Advisors Inc. bought a new position in Activision Blizzard in the second quarter worth about $29,000. Meeder Asset Management Inc. raised its holdings in Activision Blizzard by 104.0% in the third quarter. Meeder Asset Management Inc. now owns 722 shares of the company’s stock worth $38,000 after purchasing an additional 368 shares in the last quarter. Finally, Freestone Capital Holdings LLC bought a new position in Activision Blizzard in the second quarter worth about $18,898,000. Hedge funds and other institutional investors own 87.04% of the company’s stock.

A number of equities analysts have commented on ATVI shares. MKM Partners reiterated a “neutral” rating and issued a $47.00 target price (up from $45.00) on shares of Activision Blizzard in a report on Friday, August 9th. Piper Jaffray Companies boosted their target price on shares of Activision Blizzard from $55.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Nomura upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $49.00 to $64.00 in a report on Thursday, September 12th. ValuEngine upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, BidaskClub upgraded shares of Activision Blizzard from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Activision Blizzard has an average rating of “Buy” and an average target price of $59.50.

In related news, insider Christopher B. Walther sold 5,333 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $50.34, for a total value of $268,463.22. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brian M. Stolz sold 134,845 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $47.80, for a total value of $6,445,591.00. Following the completion of the sale, the insider now owns 58,563 shares in the company, valued at approximately $2,799,311.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 150,844 shares of company stock worth $7,266,020. 1.29% of the stock is owned by insiders.

Shares of ATVI stock traded down $1.05 during trading hours on Friday, reaching $54.54. 8,215,901 shares of the company’s stock were exchanged, compared to its average volume of 7,939,254. Activision Blizzard, Inc. has a 1 year low of $39.85 and a 1 year high of $74.58. The stock has a market cap of $42.64 billion, a PE ratio of 22.82, a PEG ratio of 2.15 and a beta of 0.85. The company has a current ratio of 3.46, a quick ratio of 3.43 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average price is $54.03 and its two-hundred day moving average price is $48.40.

Activision Blizzard (NASDAQ:ATVI) last issued its earnings results on Thursday, August 8th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.14. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Activision Blizzard had a return on equity of 15.54% and a net margin of 23.69%. Activision Blizzard’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share. On average, equities analysts expect that Activision Blizzard, Inc. will post 2 EPS 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. It 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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