Siemens Fonds Invest GmbH Sells 189 Shares of Activision Blizzard, Inc. (NASDAQ:ATVI)

Siemens Fonds Invest GmbH reduced its stake in Activision Blizzard, Inc. (NASDAQ:ATVIGet Rating) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,560 shares of the company’s stock after selling 189 shares during the period. Siemens Fonds Invest GmbH’s holdings in Activision Blizzard were worth $3,089,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ATVI. Loomis Sayles & Co. L P grew its holdings in Activision Blizzard by 9.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 21,917 shares of the company’s stock worth $1,458,000 after acquiring an additional 1,825 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Activision Blizzard by 1.1% in the first quarter. Mutual of America Capital Management LLC now owns 103,969 shares of the company’s stock worth $8,329,000 after buying an additional 1,133 shares in the last quarter. Ellevest Inc. lifted its holdings in Activision Blizzard by 28.0% during the first quarter. Ellevest Inc. now owns 2,946 shares of the company’s stock worth $236,000 after buying an additional 645 shares during the period. IFM Investors Pty Ltd boosted its position in Activision Blizzard by 23.1% during the 1st quarter. IFM Investors Pty Ltd now owns 123,121 shares of the company’s stock valued at $9,863,000 after acquiring an additional 23,119 shares in the last quarter. Finally, Aviva PLC increased its holdings in shares of Activision Blizzard by 2.7% in the 1st quarter. Aviva PLC now owns 269,056 shares of the company’s stock valued at $21,554,000 after acquiring an additional 7,104 shares during the period. 78.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ATVI has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on Activision Blizzard from $95.00 to $84.00 in a research report on Thursday, August 4th. Moffett Nathanson raised shares of Activision Blizzard from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Wednesday, August 3rd. Sixteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $94.05.

Insiders Place Their Bets

In other news, CFO Armin Zerza sold 10,174 shares of Activision Blizzard stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $80.22, for a total transaction of $816,158.28. Following the completion of the transaction, the chief financial officer now directly owns 186,117 shares of the company’s stock, valued at approximately $14,930,305.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

Activision Blizzard Trading Up 1.4 %

Shares of Activision Blizzard stock opened at $78.51 on Friday. The stock has a market cap of $61.42 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 3.33 and a beta of 0.51. The firm has a fifty day moving average price of $79.05 and a 200 day moving average price of $78.68. Activision Blizzard, Inc. has a 1 year low of $56.40 and a 1 year high of $86.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.18 and a quick ratio of 6.18.

Activision Blizzard (NASDAQ:ATVIGet Rating) last released its quarterly earnings data on Monday, August 1st. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.09. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.57 billion. Activision Blizzard had a return on equity of 10.22% and a net margin of 24.57%. The company’s revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. Equities research analysts predict that Activision Blizzard, Inc. will post 2.44 earnings per share for the current year.

Activision Blizzard Company Profile

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Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products.

Further Reading

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

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