Hosking Partners LLP boosted its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 7.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 391,248 shares of the company’s stock after acquiring an additional 26,826 shares during the quarter. Hosking Partners LLP’s holdings in Activision Blizzard were worth $24,774,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Barings LLC boosted its stake in Activision Blizzard by 57.1% in the fourth quarter. Barings LLC now owns 94,893 shares of the company’s stock valued at $6,008,000 after buying an additional 34,493 shares in the last quarter. Sei Investments Co. boosted its stake in Activision Blizzard by 3.2% in the fourth quarter. Sei Investments Co. now owns 675,322 shares of the company’s stock valued at $42,762,000 after buying an additional 20,843 shares in the last quarter. Mckinley Capital Management LLC Delaware boosted its stake in Activision Blizzard by 25.4% in the fourth quarter. Mckinley Capital Management LLC Delaware now owns 59,903 shares of the company’s stock valued at $3,793,000 after buying an additional 12,130 shares in the last quarter. Egerton Capital UK LLP boosted its stake in Activision Blizzard by 22.0% in the fourth quarter. Egerton Capital UK LLP now owns 11,051,017 shares of the company’s stock valued at $699,750,000 after buying an additional 1,991,213 shares in the last quarter. Finally, New Mexico Educational Retirement Board boosted its stake in Activision Blizzard by 12.6% in the fourth quarter. New Mexico Educational Retirement Board now owns 72,600 shares of the company’s stock valued at $4,597,000 after buying an additional 8,100 shares in the last quarter. 85.61% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO of King Digital Entertainment Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the completion of the transaction, the insider now directly owns 41,435 shares in the company, valued at $2,636,923.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.12% of the stock is owned by company insiders.

Activision Blizzard, Inc. (NASDAQ ATVI) opened at $68.32 on Tuesday. 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 quick ratio of 1.77 and a current ratio of 1.78. The stock has a market capitalization of $50,719.16, a PE ratio of 189.78, a PEG ratio of 1.85 and a beta of 1.11.

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, topping the Zacks’ consensus estimate of $0.92 by $0.02. Activision Blizzard had a return on equity of 17.48% and a net margin of 3.89%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the company earned $0.65 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. research analysts predict that Activision Blizzard, Inc. will post 2.48 EPS for the current fiscal year.

Several analysts recently weighed in on the company. TheStreet lowered Activision Blizzard from a “b” rating to a “c+” rating in a research note on Thursday, February 8th. Vetr raised Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $75.74 price objective on the stock in a research note on Monday. Barclays set a $70.00 price objective on Activision Blizzard and gave the company a “hold” rating in a research note on Friday. Credit Suisse Group raised their price objective on Activision Blizzard from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Robert W. Baird raised their price objective on Activision Blizzard from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday. Six research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Activision Blizzard currently has an average rating of “Buy” and a consensus price target of $71.75.

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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.

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

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