Gabelli Funds LLC Has $11.21 Million Stake in Activision Blizzard, Inc. (ATVI)

Gabelli Funds LLC reduced its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 177,000 shares of the company’s stock after selling 5,000 shares during the quarter. Gabelli Funds LLC’s holdings in Activision Blizzard were worth $11,208,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. CI Global Investments Inc. grew its position in shares of Activision Blizzard by 1.1% during the 4th quarter. CI Global Investments Inc. now owns 69,123 shares of the company’s stock worth $4,377,000 after buying an additional 780 shares during the period. Checchi Capital Advisers LLC grew its position in shares of Activision Blizzard by 13.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,437 shares of the company’s stock worth $408,000 after buying an additional 769 shares during the period. C M Bidwell & Associates Ltd. grew its position in shares of Activision Blizzard by 53,375.0% during the 4th quarter. C M Bidwell & Associates Ltd. now owns 6,417 shares of the company’s stock worth $406,000 after buying an additional 6,405 shares during the period. Trust Co. of Vermont grew its position in shares of Activision Blizzard by 2.9% during the 4th quarter. Trust Co. of Vermont now owns 29,031 shares of the company’s stock worth $1,839,000 after buying an additional 809 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Activision Blizzard during the 4th quarter worth about $125,000. Institutional investors own 86.04% of the company’s stock.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the sale, the chief executive officer now owns 41,435 shares in the company, valued at approximately $2,636,923.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.12% of the company’s stock.

Several equities analysts have recently issued reports on ATVI shares. UBS Group boosted their target price on Activision Blizzard from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. KeyCorp restated a “buy” rating and set a $74.00 target price on shares of Activision Blizzard in a research report on Tuesday, October 17th. Jefferies Group boosted their target price on Activision Blizzard from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. SunTrust Banks set a $72.00 target price on Activision Blizzard and gave the stock a “buy” rating in a research report on Sunday, October 29th. Finally, Wedbush set a $75.00 target price on Activision Blizzard and gave the stock a “buy” rating in a research report on Thursday, October 26th. Six analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $71.75.

Shares of Activision Blizzard, Inc. (NASDAQ ATVI) opened at $67.08 on Friday. Activision Blizzard, Inc. has a 12 month low of $38.93 and a 12 month high of $74.94. The stock has a market capitalization of $51,680.00, a P/E ratio of 191.66, a PEG ratio of 1.81 and a beta of 1.11. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25.

Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. Activision Blizzard had a return on equity of 17.37% and a net margin of 3.89%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. research analysts forecast that Activision Blizzard, Inc. will post 2.48 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Friday, March 30th will be paid a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.03%. This is a boost from Activision Blizzard’s previous quarterly dividend of $0.30. Activision Blizzard’s dividend payout ratio is currently 85.71%.

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Activision Blizzard Company Profile

Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.

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

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