Activision Blizzard, Inc. (ATVI) Shares Sold by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC cut its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 12.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,121 shares of the company’s stock after selling 1,020 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Activision Blizzard were worth $451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in ATVI. Macquarie Group Ltd. raised its stake in shares of Activision Blizzard by 0.4% during the second quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock worth $711,000 after acquiring an additional 45 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Activision Blizzard by 13.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 6,437 shares of the company’s stock worth $408,000 after acquiring an additional 769 shares in the last quarter. CI Global Investments Inc. raised its stake in shares of Activision Blizzard by 1.1% during the fourth quarter. CI Global Investments Inc. now owns 69,123 shares of the company’s stock worth $4,377,000 after acquiring an additional 780 shares in the last quarter. Jackson Wealth Management LLC raised its stake in shares of Activision Blizzard by 6.6% during the fourth quarter. Jackson Wealth Management LLC now owns 12,744 shares of the company’s stock worth $844,000 after acquiring an additional 788 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Activision Blizzard by 20.8% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,640 shares of the company’s stock worth $299,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.99, for a total transaction of $1,402,833.39. Following the sale, the chief executive officer now owns 34,398 shares in the company, valued at approximately $2,441,914.02. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Brian G. Kelly sold 680,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $71.00, for a total transaction of $48,280,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,487,761 shares of company stock worth $175,937,273. Company insiders own 2.12% of the company’s stock.

Several research analysts have commented on the stock. Vetr raised shares of Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $80.56 price target on the stock in a research note on Thursday. Argus lifted their target price on shares of Activision Blizzard from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Zacks Investment Research downgraded shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. TheStreet downgraded shares of Activision Blizzard from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Finally, Barclays set a $70.00 target price on shares of Activision Blizzard and gave the stock a “hold” rating in a research note on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $73.25.

Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $72.07 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.77 and a debt-to-equity ratio of 0.46. The stock has a market cap of $56,520.00, a price-to-earnings ratio of 205.91, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11. Activision Blizzard, Inc. has a 1 year low of $44.84 and a 1 year high of $74.94.

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

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Activision Blizzard 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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