Activision Blizzard, Inc. (NASDAQ:ATVI) Stake Lowered by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) by 6.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,430 shares of the company’s stock after selling 7,827 shares during the period. Yousif Capital Management LLC’s holdings in Activision Blizzard were worth $8,209,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ATVI. FMR LLC boosted its holdings in Activision Blizzard by 39.8% in the second quarter. FMR LLC now owns 19,689,007 shares of the company’s stock worth $1,532,987,000 after purchasing an additional 5,605,802 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Activision Blizzard in the first quarter worth $281,635,000. Sculptor Capital LP bought a new stake in Activision Blizzard in the first quarter worth $147,019,000. Maj Invest Holding A S bought a new stake in Activision Blizzard in the third quarter worth $112,817,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Activision Blizzard by 177.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,182,615 shares of the company’s stock worth $174,849,000 after purchasing an additional 1,395,017 shares in the last quarter. 79.34% of the stock is currently owned by institutional investors.

Activision Blizzard Stock Performance

NASDAQ:ATVI opened at $75.11 on Wednesday. Activision Blizzard, Inc. has a 12-month low of $70.94 and a 12-month high of $82.00. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $58.78 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 2.24 and a beta of 0.47. The firm has a 50-day moving average price of $75.80 and a 200 day moving average price of $76.20.

Activision Blizzard (NASDAQ:ATVIGet Rating) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.16. Activision Blizzard had a net margin of 22.75% and a return on equity of 9.64%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.70 billion. Research analysts anticipate that Activision Blizzard, Inc. will post 2.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Activision Blizzard from $95.00 to $86.00 in a research report on Monday, November 28th. Truist Financial raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and boosted their target price for the stock from $79.00 to $81.00 in a research report on Monday, November 28th. Raymond James raised shares of Activision Blizzard from a “market perform” rating to an “outperform” rating and set a $95.00 target price for the company in a research report on Thursday, November 10th. Edward Jones raised shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research report on Tuesday, December 6th. Finally, Morgan Stanley raised shares of Activision Blizzard from an “equal weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research report on Monday, November 28th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.85.

About Activision Blizzard

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Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. It operates through the following segments: Activision Publishing, Blizzard Entertainment, and King Digital Entertainment. The Activision Publishing segment delivers content through both premium and free-to-play offerings and generates revenue from full-game and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision products.

See Also

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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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