Artemis Investment Management LLP lessened its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 21.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 510,026 shares of the company’s stock after selling 139,855 shares during the quarter. Artemis Investment Management LLP owned approximately 0.07% of Activision Blizzard worth $30,293,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Schroder Investment Management Group increased its holdings in shares of Activision Blizzard by 4.8% during the 2nd quarter. Schroder Investment Management Group now owns 378,901 shares of the company’s stock worth $17,885,000 after buying an additional 17,493 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Activision Blizzard by 14.2% during the 2nd quarter. Asset Management One Co. Ltd. now owns 487,408 shares of the company’s stock worth $23,006,000 after buying an additional 60,528 shares during the last quarter. National Pension Service increased its holdings in shares of Activision Blizzard by 5.7% during the 2nd quarter. National Pension Service now owns 804,984 shares of the company’s stock worth $37,995,000 after buying an additional 43,314 shares during the last quarter. AMP Capital Investors Ltd increased its holdings in shares of Activision Blizzard by 16.1% during the 2nd quarter. AMP Capital Investors Ltd now owns 330,107 shares of the company’s stock worth $15,606,000 after buying an additional 45,735 shares during the last quarter. Finally, ETF Managers Group LLC increased its holdings in shares of Activision Blizzard by 19.2% during the 2nd quarter. ETF Managers Group LLC now owns 52,056 shares of the company’s stock worth $2,461,000 after buying an additional 8,381 shares during the last quarter. 88.55% of the stock is currently owned by institutional investors.

NASDAQ:ATVI opened at $60.05 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.43 and a quick ratio of 3.38. The firm has a 50-day moving average of $57.72 and a two-hundred day moving average of $52.97. The stock has a market cap of $45.29 billion, a P/E ratio of 25.13, a PEG ratio of 1.94 and a beta of 0.83. Activision Blizzard, Inc. has a 1-year low of $39.85 and a 1-year high of $60.88.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Activision Blizzard had a net margin of 23.66% and a return on equity of 13.91%. The firm’s revenue for the quarter was down 27.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 EPS. As a group, equities analysts expect that Activision Blizzard, Inc. will post 2.03 earnings per share for the current year.

In other news, COO Collister Johnson sold 3,800 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $52.43, for a total transaction of $199,234.00. Following the transaction, the chief operating officer now owns 280,983 shares of the company’s stock, valued at $14,731,938.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.31% of the company’s stock.

A number of analysts have recently commented on the company. SunTrust Banks upped their price objective on Activision Blizzard from $59.00 to $61.00 and gave the stock a “buy” rating in a report on Monday, December 9th. BidaskClub upgraded Activision Blizzard from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 8th. Needham & Company LLC restated a “buy” rating and set a $62.00 price objective on shares of Activision Blizzard in a report on Friday, November 8th. Sanford C. Bernstein downgraded Activision Blizzard from a “market perform” rating to an “underperform” rating and upped their price objective for the stock from $41.00 to $43.00 in a report on Wednesday, October 2nd. Finally, Bank of America set a $62.00 price objective on Activision Blizzard and gave the stock a “buy” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $60.96.

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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