Activision Blizzard, Inc. (ATVI) Holdings Trimmed by Earnest Partners LLC

Earnest Partners LLC lessened its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 14.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 681,570 shares of the company’s stock after selling 113,390 shares during the quarter. Earnest Partners LLC owned 0.09% of Activision Blizzard worth $43,968,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Janus Henderson Group PLC grew its position in shares of Activision Blizzard by 820.8% in the 2nd quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock worth $1,168,587,000 after acquiring an additional 18,094,334 shares in the last quarter. Jennison Associates LLC grew its position in shares of Activision Blizzard by 82.6% in the 2nd quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock worth $1,283,097,000 after acquiring an additional 10,083,717 shares in the last quarter. Capital World Investors grew its position in shares of Activision Blizzard by 23.8% in the 2nd quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock worth $1,297,513,000 after acquiring an additional 4,327,000 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Activision Blizzard by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock worth $2,786,211,000 after acquiring an additional 2,200,995 shares in the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Activision Blizzard by 108.6% in the 3rd quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock worth $205,444,000 after acquiring an additional 1,657,730 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Shares of Activision Blizzard, Inc. (ATVI) opened at $62.43 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25. The firm has a market capitalization of $47,203.32, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 2.17 and a beta of 1.03. Activision Blizzard, Inc. has a 12 month low of $35.86 and a 12 month high of $67.03.

ATVI has been the subject of several research reports. Buckingham Research initiated coverage on Activision Blizzard in a research report on Wednesday, September 20th. They issued a “buy” rating and a $79.00 target price for the company. Vetr upgraded Activision Blizzard from a “sell” rating to a “hold” rating and set a $62.29 target price for the company in a research report on Wednesday, November 29th. Wedbush set a $75.00 target price on Activision Blizzard and gave the stock a “buy” rating in a research report on Thursday, October 26th. Goldman Sachs Group began coverage on Activision Blizzard in a research report on Friday, September 8th. They issued a “neutral” rating and a $65.00 target price for the company. Finally, Jefferies Group reissued a “buy” rating and issued a $78.00 price target on shares of Activision Blizzard in a report on Sunday, October 8th. Five research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $68.71.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction on 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 sale, the chief executive officer now owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.12% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: “Activision Blizzard, Inc. (ATVI) Holdings Trimmed by Earnest Partners LLC” was reported by Week Herald and is the property of of Week Herald. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://weekherald.com/2017/12/10/activision-blizzard-inc-atvi-holdings-trimmed-by-earnest-partners-llc.html.

Activision Blizzard 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.

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

Leave a Reply