Dimensional Fund Advisors LP Increases Position in Activision Blizzard, Inc (ATVI)

Dimensional Fund Advisors LP boosted its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 1.0% during the first quarter, Holdings Channel reports. The institutional investor owned 2,658,324 shares of the company’s stock after buying an additional 25,455 shares during the period. Dimensional Fund Advisors LP’s holdings in Activision Blizzard were worth $132,546,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ATVI. Jennison Associates LLC raised its position in shares of Activision Blizzard by 110,271.4% in the first quarter. Jennison Associates LLC now owns 12,179,488 shares of the company’s stock valued at $607,269,000 after buying an additional 12,168,453 shares in the last quarter. Egerton Capital UK LLP raised its position in shares of Activision Blizzard by 225.7% in the first quarter. Egerton Capital UK LLP now owns 12,219,008 shares of the company’s stock valued at $609,240,000 after buying an additional 8,467,902 shares in the last quarter. Norges Bank purchased a new position in shares of Activision Blizzard during the fourth quarter valued at about $165,030,000. Iridian Asset Management LLC CT purchased a new position in shares of Activision Blizzard during the first quarter valued at about $148,547,000. Finally, Vanguard Group Inc. raised its position in shares of Activision Blizzard by 6.8% in the first quarter. Vanguard Group Inc. now owns 46,195,943 shares of the company’s stock valued at $2,303,328,000 after buying an additional 2,943,200 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

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

Activision Blizzard, Inc (NASDAQ:ATVI) opened at 60.44 on Friday. Activision Blizzard, Inc has a 12-month low of $35.12 and a 12-month high of $61.10. The firm has a market cap of $45.55 billion, a P/E ratio of 44.34 and a beta of 1.03. The firm’s 50-day moving average price is $57.28 and its 200 day moving average price is $47.26.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.11. Activision Blizzard had a net margin of 14.63% and a return on equity of 16.90%. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Activision Blizzard’s revenue for the quarter was up 31.7% on a year-over-year basis. Analysts forecast that Activision Blizzard, Inc will post $2.00 earnings per share for the current fiscal year.

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Several equities analysts recently issued reports on ATVI shares. Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $50.88 price target on the stock in a research note on Monday, April 17th. Morgan Stanley boosted their price target on Activision Blizzard from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, March 27th. Jefferies Group LLC set a $55.00 price target on Activision Blizzard and gave the company a “buy” rating in a research note on Thursday, March 16th. Credit Suisse Group restated an “outperform” rating and set a $62.00 price target (up from $61.00) on shares of Activision Blizzard in a research note on Friday, May 5th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $59.00 price objective (up from $53.00) on shares of Activision Blizzard in a research note on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Activision Blizzard has an average rating of “Buy” and a consensus price target of $57.59.

In related news, Director Brian G. Kelly sold 420,063 shares of the business’s stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of $49.90, for a total value of $20,961,143.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $55.45, for a total transaction of $1,095,747.45. Following the completion of the sale, the chief executive officer now directly owns 55,509 shares in the company, valued at approximately $3,077,974.05. The disclosure for this sale can be found here. Insiders own 2.12% of the company’s stock.

Activision Blizzard Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ATVI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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