Perpetual Ltd Increases Position in Activision Blizzard, Inc. (ATVI)

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Perpetual Ltd lifted its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 56.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,070 shares of the company’s stock after purchasing an additional 4,000 shares during the quarter. Perpetual Ltd’s holdings in Activision Blizzard were worth $921,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Asset Advisors Investment Management LLC bought a new stake in Activision Blizzard during the 3rd quarter worth approximately $100,000. Ashburton Jersey Ltd bought a new stake in Activision Blizzard during the 2nd quarter worth approximately $107,000. Quad Cities Investment Group LLC bought a new stake in Activision Blizzard during the 2nd quarter worth approximately $114,000. NuWave Investment Management LLC bought a new stake in Activision Blizzard during the 2nd quarter worth approximately $121,000. Finally, Kaizen Advisory LLC grew its holdings in Activision Blizzard by 155.2% during the 2nd quarter. Kaizen Advisory LLC now owns 1,876 shares of the company’s stock worth $143,000 after acquiring an additional 1,141 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

Activision Blizzard stock opened at $69.05 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.96 and a current ratio of 2.98. Activision Blizzard, Inc. has a 12-month low of $57.29 and a 12-month high of $84.68. The firm has a market cap of $51.45 billion, a P/E ratio of 33.68, a P/E/G ratio of 1.80 and a beta of 0.86.

Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Thursday, August 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.11. Activision Blizzard had a net margin of 6.96% and a return on equity of 16.39%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company earned $0.32 EPS. Activision Blizzard’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts expect that Activision Blizzard, Inc. will post 2.49 EPS for the current fiscal year.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $68.70, for a total transaction of $1,357,580.70. Following the transaction, the chief executive officer now owns 20,324 shares in the company, valued at approximately $1,396,258.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.29% of the stock is owned by insiders.

A number of equities research analysts have weighed in on ATVI shares. Needham & Company LLC boosted their target price on shares of Activision Blizzard from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Wedbush upped their price objective on shares of Activision Blizzard from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, October 1st. Bank of America lowered shares of Activision Blizzard from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $84.00 to $77.00 in a research note on Friday, August 31st. BidaskClub raised shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research note on Saturday, September 29th. Finally, Robert W. Baird upped their price objective on shares of Activision Blizzard from $81.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 13th. Ten analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. Activision Blizzard presently has an average rating of “Buy” and a consensus target price of $81.53.

Activision Blizzard 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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