Markel Corp Raises Stock Holdings in Activision Blizzard, Inc. (NASDAQ:ATVI)

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Markel Corp boosted its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 5.6% during the second quarter, HoldingsChannel.com reports. The firm owned 262,800 shares of the company’s stock after purchasing an additional 14,000 shares during the period. Markel Corp’s holdings in Activision Blizzard were worth $12,404,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ATVI. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of Activision Blizzard in the first quarter valued at approximately $27,000. Thor Advisors LLC purchased a new position in shares of Activision Blizzard in the first quarter valued at approximately $40,000. Kavar Capital Partners LLC purchased a new position in shares of Activision Blizzard in the second quarter valued at approximately $47,000. Executive Wealth Management LLC lifted its position in shares of Activision Blizzard by 42.5% in the second quarter. Executive Wealth Management LLC now owns 1,026 shares of the company’s stock valued at $48,000 after acquiring an additional 306 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of Activision Blizzard by 33.9% in the first quarter. Lindbrook Capital LLC now owns 1,083 shares of the company’s stock valued at $49,000 after acquiring an additional 274 shares in the last quarter. Institutional investors own 86.34% of the company’s stock.

ATVI stock traded up $1.15 during midday trading on Friday, hitting $46.66. 5,767,400 shares of the company’s stock were exchanged, compared to its average volume of 6,894,210. The business has a 50-day simple moving average of $47.37 and a two-hundred day simple moving average of $45.68. The company has a current ratio of 3.46, a quick ratio of 2.61 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $34.91 billion, a PE ratio of 19.52, a P/E/G ratio of 1.81 and a beta of 0.90. Activision Blizzard, Inc. has a 1-year low of $39.85 and a 1-year high of $84.68.

Activision Blizzard (NASDAQ:ATVI) last posted its earnings results on Thursday, August 8th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.14. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Activision Blizzard had a return on equity of 15.54% and a net margin of 23.69%. The firm’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. As a group, research analysts expect that Activision Blizzard, Inc. will post 2 EPS for the current fiscal year.

ATVI has been the topic of several research reports. Bank of America raised their target price on Activision Blizzard from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Goldman Sachs Group upgraded Activision Blizzard from a “neutral” rating to a “buy” rating and raised their target price for the company from $50.00 to $54.00 in a research report on Tuesday, May 28th. Morgan Stanley restated an “overweight” rating and issued a $57.00 target price (up previously from $55.00) on shares of Activision Blizzard in a research report on Friday, August 9th. TheStreet upgraded Activision Blizzard from a “c+” rating to a “b-” rating in a research report on Tuesday, August 13th. Finally, BMO Capital Markets raised their target price on Activision Blizzard from $40.00 to $43.00 and gave the company a “market perform” rating in a research report on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $59.68.

In other Activision Blizzard news, insider Brian M. Stolz sold 134,845 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $47.80, for a total transaction of $6,445,591.00. Following the completion of the sale, the insider now owns 58,563 shares of the company’s stock, valued at $2,799,311.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Christopher B. Walther sold 2,333 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $44.00, for a total value of $102,652.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 153,844 shares of company stock valued at $7,359,670. 1.29% of the stock is owned by insiders.

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. It 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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