M&T Bank Corp trimmed its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,772 shares of the company’s stock after selling 8,885 shares during the quarter. M&T Bank Corp’s holdings in Activision Blizzard were worth $3,405,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in Activision Blizzard by 25.6% during the third 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 grew its position in Activision Blizzard by 0.5% during the third 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 grew its position in Activision Blizzard by 0.5% during the third 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 grew its position in Activision Blizzard by 11.4% during the third 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 grew its position in Activision Blizzard by 0.3% during the third 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. Institutional investors and hedge funds own 85.61% of the company’s stock.

Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $69.65 on Thursday. 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 cap of $51,437.45, a P/E ratio of 193.47, a P/E/G ratio of 1.81 and a beta of 1.11. Activision Blizzard, Inc. has a one year low of $44.47 and a one year high of $74.94.

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 the consensus estimate of $0.92 by $0.02. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.55 billion. Activision Blizzard had a net margin of 3.89% and a return on equity of 17.48%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 earnings per share. research analysts forecast that Activision Blizzard, Inc. will post 2.57 EPS for the current fiscal year.

Several research analysts have weighed in on ATVI shares. Wedbush set a $75.00 target price on shares of Activision Blizzard and gave the stock a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 target price on the stock in a research report on Friday, October 27th. UBS Group upped their target price on shares of Activision Blizzard from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Vetr lowered shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $59.97 target price on the stock. in a research report on Monday, October 30th. Finally, BidaskClub upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Six research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Activision Blizzard presently has an average rating of “Buy” and an average target price of $71.95.

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

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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.

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

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