Jackson Wealth Management LLC lifted its stake in Activision Blizzard, Inc. (NASDAQ:ATVI) by 13.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,745 shares of the company’s stock after acquiring an additional 2,973 shares during the period. Jackson Wealth Management LLC’s holdings in Activision Blizzard were worth $1,966,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Global X Management Co. LLC raised its stake in shares of Activision Blizzard by 18.5% in the 1st quarter. Global X Management Co. LLC now owns 7,959 shares of the company’s stock valued at $537,000 after acquiring an additional 1,242 shares during the period. Daiwa Securities Group Inc. increased its stake in Activision Blizzard by 49.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 84,200 shares of the company’s stock worth $5,680,000 after buying an additional 28,035 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in Activision Blizzard by 53.6% during the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 55,524 shares of the company’s stock worth $3,647,000 after buying an additional 19,370 shares during the period. Morse Asset Management Inc increased its stake in Activision Blizzard by 90.1% during the 1st quarter. Morse Asset Management Inc now owns 43,255 shares of the company’s stock worth $2,918,000 after buying an additional 20,505 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new stake in Activision Blizzard during the 1st quarter worth approximately $5,110,000. 85.58% of the stock is owned by hedge funds and other institutional investors.

NASDAQ ATVI traded down $0.98 on Friday, hitting $68.71. 84,166 shares of the stock were exchanged, compared to its average volume of 6,131,312. The company has a quick ratio of 2.96, a current ratio of 2.98 and a debt-to-equity ratio of 0.42. Activision Blizzard, Inc. has a fifty-two week low of $57.29 and a fifty-two week high of $81.64. The stock has a market capitalization of $53.83 billion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.30 by $0.11. Activision Blizzard had a net margin of 6.96% and a return on equity of 18.00%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business posted $0.32 EPS. The firm’s revenue was down 2.3% on a year-over-year basis. equities research analysts expect that Activision Blizzard, Inc. will post 2.49 earnings per share for the current fiscal year.

Several brokerages recently weighed in on ATVI. Zacks Investment Research raised shares of Activision Blizzard from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. Barclays cut their target price on shares of Activision Blizzard from $82.00 to $79.00 and set a “hold” rating on the stock in a research note on Sunday, August 5th. Piper Jaffray Companies upped their target price on shares of Activision Blizzard to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 25th. Credit Suisse Group upped their target price on shares of Activision Blizzard from $84.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, May 4th. Finally, Bank of America cut their target price on shares of Activision Blizzard from $77.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, May 4th. Eight analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $78.51.

Activision Blizzard Company Profile

Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.

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

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