Tokio Marine Asset Management Co. Ltd. trimmed its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 25.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,672 shares of the company’s stock after selling 1,587 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Activision Blizzard were worth $296,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in shares of Activision Blizzard by 25.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,476,125 shares of the company’s stock worth $482,285,000 after buying an additional 1,523,740 shares during the period. Boston Partners boosted its holdings in shares of Activision Blizzard by 0.5% during the 3rd quarter. Boston Partners now owns 6,778,871 shares of the company’s stock worth $437,305,000 after buying an additional 33,114 shares during the period. Carmignac Gestion boosted its holdings in shares of Activision Blizzard by 0.5% during the 3rd quarter. Carmignac Gestion now owns 5,920,188 shares of the company’s stock worth $381,911,000 after buying an additional 26,761 shares during the period. Swedbank boosted its holdings in shares of Activision Blizzard by 11.4% during the 3rd quarter. Swedbank now owns 3,898,176 shares of the company’s stock worth $251,471,000 after buying an additional 399,162 shares during the period. Finally, Alkeon Capital Management LLC boosted its holdings in shares of Activision Blizzard by 0.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 3,822,121 shares of the company’s stock worth $246,565,000 after buying an additional 10,000 shares during the period. 86.04% of the stock is owned by institutional investors.

Several equities analysts recently commented on ATVI shares. Vetr cut shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.27 target price for the company. in a research note on Monday, November 20th. Morgan Stanley upped their target price on shares of Activision Blizzard from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, November 3rd. Sanford C. Bernstein started coverage on shares of Activision Blizzard in a research note on Thursday, January 18th. They set a “market perform” rating and a $74.00 target price for the company. Wedbush set a $81.00 target price on shares of Activision Blizzard and gave the company a “buy” rating in a research note on Friday. Finally, Credit Suisse Group upped their target price on shares of Activision Blizzard from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday. Six analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Activision Blizzard presently has an average rating of “Buy” and a consensus target price of $71.75.

Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $67.08 on Friday. Activision Blizzard, Inc. has a one year low of $38.93 and a one year high of $74.94. The stock has a market cap of $50,719.19, a price-to-earnings ratio of 186.33, a PEG ratio of 1.85 and a beta of 1.11. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44.

Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.02. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.37%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The business’s revenue was up 7.7% on a year-over-year basis. sell-side analysts forecast that Activision Blizzard, Inc. will post 2.48 earnings per share for the current year.

In other news, CEO of King Digital Entertainment Riccardo Zacconi sold 19,761 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $63.64, for a total value of $1,257,590.04. Following the completion of the transaction, the insider now owns 41,435 shares in the company, valued at approximately $2,636,923.40. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.12% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this news story on another website, it was stolen and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this news story can be read at https://theolympiareport.com/2018/02/11/tokio-marine-asset-management-co-ltd-sells-1587-shares-of-activision-blizzard-inc-atvi.html.

About Activision Blizzard

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.

Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision Blizzard, Inc. (NASDAQ:ATVI).

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

Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.