Capital One National Association lowered its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 6.4% during the 4th quarter, HoldingsChannel reports. The fund owned 54,797 shares of the company’s stock after selling 3,751 shares during the quarter. Capital One National Association’s holdings in Activision Blizzard were worth $3,469,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. AGF Investments Inc. raised its holdings in shares of Activision Blizzard by 47.3% in the 4th quarter. AGF Investments Inc. now owns 1,110,395 shares of the company’s stock valued at $70,310,000 after acquiring an additional 356,647 shares in the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of Activision Blizzard by 4.6% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 42,359 shares of the company’s stock valued at $2,682,000 after acquiring an additional 1,854 shares in the last quarter. NuWave Investment Management LLC purchased a new stake in shares of Activision Blizzard in the 4th quarter valued at about $222,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Activision Blizzard by 4.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 26,925 shares of the company’s stock valued at $1,704,000 after acquiring an additional 1,267 shares in the last quarter. Finally, Whittier Trust Co. raised its holdings in shares of Activision Blizzard by 3.1% during the 4th quarter. Whittier Trust Co. now owns 129,192 shares of the company’s stock valued at $8,179,000 after buying an additional 3,877 shares in the last quarter. 85.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Activision Blizzard, Inc. (NASDAQ ATVI) opened at $68.32 on Tuesday. The firm has a market capitalization of $50,719.16, a P/E ratio of 30.22, a PEG ratio of 1.85 and a beta of 1.11. Activision Blizzard, Inc. has a 1 year low of $44.47 and a 1 year high of $74.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.77.

Activision Blizzard (NASDAQ:ATVI) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.02. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.55 billion. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. equities research analysts anticipate 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 Activision Blizzard stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $63.64, for a total value of $1,257,590.04. Following the sale, the insider now directly 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 through this link. 2.12% of the stock is currently owned by company insiders.

ATVI has been the topic of a number of research reports. KeyCorp reissued a “buy” rating and set a $74.00 price objective on shares of Activision Blizzard in a report on Tuesday, October 17th. Vetr cut Activision Blizzard from a “buy” rating to a “hold” rating and set a $59.97 price objective on the stock. in a report on Monday, October 23rd. Wedbush set a $75.00 price objective on Activision Blizzard and gave the company a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective on the stock in a report on Friday, October 27th. Finally, SunTrust Banks set a $72.00 price objective on Activision Blizzard and gave the company a “buy” rating in a report on Sunday, October 29th. Six investment 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 stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $71.75.

ILLEGAL ACTIVITY WARNING: This article was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://theolympiareport.com/2018/02/13/activision-blizzard-inc-atvi-holdings-decreased-by-capital-one-national-association.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.