Sarasin & Partners LLP reduced its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 1.3% during the second quarter, HoldingsChannel reports. The firm owned 1,424,431 shares of the company’s stock after selling 18,823 shares during the quarter. Sarasin & Partners LLP’s holdings in Activision Blizzard were worth $67,233,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massey Quick Simon & CO. LLC acquired a new stake in Activision Blizzard in the first quarter valued at $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in Activision Blizzard in the first quarter valued at $27,000. Thor Advisors LLC acquired a new stake in Activision Blizzard in the first quarter valued at $40,000. Carroll Financial Associates Inc. raised its holdings in Activision Blizzard by 57.3% in the second quarter. Carroll Financial Associates Inc. now owns 1,082 shares of the company’s stock valued at $51,000 after acquiring an additional 394 shares in the last quarter. Finally, Lindbrook Capital LLC raised its holdings in 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. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently issued reports on ATVI. Buckingham Research set a $32.50 price target on shares of Fastenal and gave the company a “hold” rating in a report on Friday, April 12th. Citigroup began coverage on shares of UBISOFT ENTMT S/ADR in a report on Friday, June 7th. They issued a “buy” rating on the stock. Goldman Sachs Group set a $27.00 price target on shares of Melco Resorts & Entertainment and gave the company a “buy” rating in a report on Tuesday, May 28th. Jefferies Financial Group upped their price target on shares of Wynn Resorts from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Finally, BidaskClub raised shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. Thirteen equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Activision Blizzard presently has a consensus rating of “Buy” and a consensus target price of $60.20.

Shares of NASDAQ:ATVI traded down $0.38 on Tuesday, reaching $48.07. 242,860 shares of the company’s stock were exchanged, compared to its average volume of 4,837,002. The business has a 50-day simple moving average of $46.66. The company has a market cap of $36.76 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 2.39 and a beta of 0.90. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.63 and a quick ratio of 2.61. Activision Blizzard, Inc. has a fifty-two week low of $39.85 and a fifty-two week high of $84.68.

Activision Blizzard (NASDAQ:ATVI) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.18 by $0.13. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Activision Blizzard had a net margin of 23.90% and a return on equity of 16.19%. The company’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Sell-side analysts anticipate that Activision Blizzard, Inc. will post 1.98 EPS for the current year.

In other news, insider Christopher B. Walther sold 11,333 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $47.91, for a total transaction of $542,964.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher B. Walther sold 2,333 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $45.91, for a total transaction of $107,108.03. The disclosure for this sale can be found here. Insiders have sold 15,999 shares of company stock valued at $752,724 in the last 90 days. Insiders own 1.31% of the company’s stock.

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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