Activision Blizzard, Inc. (NASDAQ:ATVI) Shares Bought by WESPAC Advisors SoCal LLC

WESPAC Advisors SoCal LLC lifted its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,399 shares of the company’s stock after acquiring an additional 760 shares during the period. Activision Blizzard comprises approximately 0.9% of WESPAC Advisors SoCal LLC’s holdings, making the stock its 28th largest holding. WESPAC Advisors SoCal LLC’s holdings in Activision Blizzard were worth $1,986,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Activision Blizzard by 4.0% during the second quarter. BlackRock Inc. now owns 54,133,188 shares of the company’s stock worth $4,108,711,000 after acquiring an additional 2,081,954 shares during the last quarter. Morgan Stanley raised its position in shares of Activision Blizzard by 65.3% during the first quarter. Morgan Stanley now owns 8,571,832 shares of the company’s stock worth $509,853,000 after acquiring an additional 3,385,187 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Activision Blizzard by 21.2% during the second quarter. Bank of New York Mellon Corp now owns 7,379,831 shares of the company’s stock worth $560,130,000 after acquiring an additional 1,288,384 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Activision Blizzard by 13.8% during the second quarter. Nuveen Asset Management LLC now owns 5,029,018 shares of the company’s stock worth $381,703,000 after acquiring an additional 609,667 shares during the last quarter. Finally, APG Asset Management N.V. raised its position in shares of Activision Blizzard by 52.1% during the second quarter. APG Asset Management N.V. now owns 3,512,802 shares of the company’s stock worth $237,387,000 after acquiring an additional 1,203,372 shares during the last quarter. 86.12% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Claudine Macartney sold 12,902 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $86.06, for a total transaction of $1,110,346.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Dennis M. Durkin sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $83.51, for a total value of $4,175,500.00. Following the sale, the chief financial officer now owns 442,096 shares in the company, valued at approximately $36,919,436.96. The disclosure for this sale can be found here. Insiders have sold 62,904 shares of company stock worth $5,286,012 in the last quarter. 1.29% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently commented on ATVI shares. MKM Partners lifted their price objective on Activision Blizzard from $87.00 to $100.00 in a research note on Thursday, August 13th. Benchmark lifted their price objective on Activision Blizzard from $77.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. lifted their price objective on Activision Blizzard from $92.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday. Stifel Nicolaus lifted their price objective on Activision Blizzard from $97.00 to $102.00 and gave the stock a “buy” rating in a research note on Wednesday, October 21st. Finally, BidaskClub raised Activision Blizzard from a “hold” rating to a “buy” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $89.89.

Shares of ATVI stock traded down $0.51 on Monday, hitting $80.53. 108,932 shares of the stock were exchanged, compared to its average volume of 7,379,813. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $62.55 billion, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 1.68 and a beta of 0.72. The business has a 50-day moving average of $79.85 and a 200 day moving average of $76.15. Activision Blizzard, Inc. has a fifty-two week low of $50.51 and a fifty-two week high of $87.73.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.30. Activision Blizzard had a return on equity of 17.66% and a net margin of 25.96%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.69 billion. As a group, research analysts forecast that Activision Blizzard, Inc. will post 3.05 EPS for the current fiscal year.

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. 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.

Read More: The Role of a Fiduciary and Individual Investors

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