Fmr LLC Has Cut Its Position in Activision Blizzard INC (ATVI) by $485.62 Million

September 30, 2018 - By William Brooks

Activision Blizzard, Inc. (NASDAQ:ATVI) LogoInvestors sentiment increased to 1.2 in 2018 Q2. Its up 0.30, from 0.9 in 2018Q1. It increased, as 51 investors sold ATVI shares while 222 reduced holdings. 95 funds opened positions while 232 raised stakes. 644.93 million shares or 0.98% more from 638.65 million shares in 2018Q1 were reported. Asset Mngmt Inc invested 0.2% in Activision Blizzard, Inc. (NASDAQ:ATVI). Gru One Trading Limited Partnership holds 0% in Activision Blizzard, Inc. (NASDAQ:ATVI) or 2,558 shares. 2,908 were accumulated by Bluecrest Cap Mgmt Ltd. Mcdaniel Terry And Company owns 3,500 shares. Eqis Mngmt reported 9,164 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt accumulated 0.08% or 79,684 shares. Vigilant Mgmt Ltd Liability Corp owns 179,888 shares or 1.99% of their US portfolio. Cap Intl Sarl reported 0.14% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI). The United Kingdom-based Gulf International Natl Bank (Uk) Ltd has invested 0.22% in Activision Blizzard, Inc. (NASDAQ:ATVI). Martingale Asset Mgmt Lp holds 12,206 shares or 0.01% of its portfolio. Guggenheim Limited Liability Com, Illinois-based fund reported 259,854 shares. 12,600 are owned by Interest Incorporated Ca. Hwg Limited Partnership reported 1.61% in Activision Blizzard, Inc. (NASDAQ:ATVI). Moreover, Alkeon Mngmt Ltd Limited Liability Company has 1.01% invested in Activision Blizzard, Inc. (NASDAQ:ATVI) for 2.83 million shares. Regions Fincl Corp, a Alabama-based fund reported 16,915 shares.

Since May 16, 2018, it had 0 insider purchases, and 3 sales for $4.14 million activity.

Fmr Llc decreased its stake in Activision Blizzard Inc (ATVI) by 6.47% based on its latest 2018Q2 regulatory filing with the SEC. Fmr Llc sold 6.39 million shares as the company’s stock rose 5.02% with the market. The institutional investor held 92.32M shares of the technology company at the end of 2018Q2, valued at $7.05B, down from 98.71 million at the end of the previous reported quarter. Fmr Llc who had been investing in Activision Blizzard Inc for a number of months, seems to be less bullish one the $63.43 billion market cap company. The stock increased 0.39% or $0.32 during the last trading session, reaching $83.19. About 6.02M shares traded. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 21.83% since September 30, 2017 and is uptrending. It has outperformed by 6.21% the S&P500.

Fmr Llc, which manages about $846.93B US Long portfolio, upped its stake in Abeona Therapeutics Inc by 2.29M shares to 7.09 million shares, valued at $113.51M in 2018Q2, according to the filing. It also increased its holding in Emerson Elec Co (NYSE:EMR) by 622,701 shares in the quarter, for a total of 3.43M shares, and has risen its stake in Benefitfocus Inc (NASDAQ:BNFT).

Analysts await Activision Blizzard, Inc. (NASDAQ:ATVI) to report earnings on November, 1. They expect $0.47 EPS, up 9.30 % or $0.04 from last year’s $0.43 per share. ATVI’s profit will be $358.33 million for 44.25 P/E if the $0.47 EPS becomes a reality. After $0.56 actual EPS reported by Activision Blizzard, Inc. for the previous quarter, Wall Street now forecasts -16.07 % negative EPS growth.

More notable recent Activision Blizzard, Inc. (NASDAQ:ATVI) news were published by: Nasdaq.com which released: “Why ATVI Is Still A Buy, Even After Yesterday’s Pop” on September 12, 2018, also Fool.com with their article: “Activision Blizzard vs. Electronic Arts: One Gaming Giant Has the Clear Advantage This Holiday Season” published on September 29, 2018, Nasdaq.com published: “5 Communications Stocks That Will Rule the Newest Sector” on September 25, 2018. More interesting news about Activision Blizzard, Inc. (NASDAQ:ATVI) were released by: Fool.com and their article: “Overwatch League Expansion Could Bring in $480 million for Activision Blizzard” published on September 16, 2018 as well as Seekingalpha.com‘s news article titled: “Chinese online game player Jump World plans IPO” with publication date: September 26, 2018.

Activision Blizzard, Inc. (NASDAQ:ATVI) Ratings Coverage

Among 9 analysts covering Activision Blizzard (NASDAQ:ATVI), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Activision Blizzard had 10 analyst reports since May 1, 2018 according to SRatingsIntel. On Tuesday, May 1 the stock rating was initiated by J.P. Morgan with “Hold”. On Friday, May 4 the stock rating was maintained by Stifel Nicolaus with “Buy”. As per Friday, August 31, the company rating was downgraded by Bank of America. As per Friday, May 4, the company rating was maintained by Bank of America. The rating was maintained by Credit Suisse on Friday, May 4 with “Outperform”. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, July 11. As per Friday, May 4, the company rating was maintained by William Blair. KeyBanc Capital Markets maintained the shares of ATVI in report on Monday, June 18 with “Overweight” rating. The firm has “Equal-Weight” rating given on Monday, August 6 by Barclays Capital.

Activision Blizzard, Inc. (NASDAQ:ATVI) Ratings Chart

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