First Midwest Bank Trust Division bought a new position in shares of Activision Blizzard Inc. (NASDAQ:ATVI) during the third quarter, Holdings Channel reports. The fund bought 34,516 shares of the company’s stock, valued at approximately $1,529,000.

Several other large investors have also made changes to their positions in ATVI. Arizona State Retirement System boosted its stake in shares of Activision Blizzard by 2.1% in the first quarter. Arizona State Retirement System now owns 137,500 shares of the company’s stock worth $4,653,000 after buying an additional 2,800 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Activision Blizzard by 126.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 53,059 shares of the company’s stock worth $1,813,000 after buying an additional 29,606 shares during the last quarter. NEXT Financial Group Inc boosted its stake in shares of Activision Blizzard by 16.3% in the second quarter. NEXT Financial Group Inc now owns 6,071 shares of the company’s stock worth $240,000 after buying an additional 850 shares during the last quarter. DNB Asset Management AS boosted its stake in shares of Activision Blizzard by 2.1% in the second quarter. DNB Asset Management AS now owns 635,953 shares of the company’s stock worth $25,203,000 after buying an additional 13,300 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its stake in shares of Activision Blizzard by 6.8% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 131,852 shares of the company’s stock worth $5,225,000 after buying an additional 8,374 shares during the last quarter. 85.46% of the stock is owned by institutional investors and hedge funds.

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

Activision Blizzard Inc. (NASDAQ:ATVI) traded up 1.55% during midday trading on Tuesday, hitting $37.95. 9,710,752 shares of the stock traded hands. Activision Blizzard Inc. has a 1-year low of $26.49 and a 1-year high of $45.55. The firm has a market cap of $28.20 billion, a P/E ratio of 32.94 and a beta of 1.11. The company has a 50-day moving average price of $41.55 and a 200-day moving average price of $41.00.

Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.07. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $6.54 billion. Activision Blizzard had a net margin of 13.81% and a return on equity of 16.63%. The business’s revenue was up 58.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. Analysts predict that Activision Blizzard Inc. will post $2.06 EPS for the current year.

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A number of research analysts have recently issued reports on the stock. Wedbush set a $43.00 price target on shares of Activision Blizzard and gave the stock a “buy” rating in a research note on Monday, August 1st. Vetr lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating and set a $42.00 price target on the stock. in a research note on Thursday, August 4th. Mizuho boosted their price target on shares of Activision Blizzard from $42.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Piper Jaffray Cos. boosted their price target on shares of Activision Blizzard from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, August 5th. Finally, Barclays PLC boosted their price target on shares of Activision Blizzard from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, August 5th. Three research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Activision Blizzard currently has a consensus rating of “Buy” and an average price target of $46.75.

In other news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $40.09, for a total value of $792,218.49. Following the transaction, the chief executive officer now directly owns 69,583 shares of the company’s stock, valued at $2,789,582.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher B. Walther sold 45,574 shares of Activision Blizzard stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $42.73, for a total transaction of $1,947,377.02. The disclosure for this sale can be found here. 25.23% of the stock is currently owned by insiders.

About Activision Blizzard

Activision Blizzard, Inc is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments.

5 Day Chart for NASDAQ:ATVI

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