SEC Filings On Watch: Oz Management LP Has Cut Its Holding in Activision Blizzard INC (ATVI) as Share Value Rose

SEC Filings On Watch: Oz Management LP Has Cut Its Holding in Activision Blizzard INC (ATVI) as Share Value Rose

Daniel S. Och decreased its stake in Activision Blizzard Inc (ATVI) by 25.27% based on its latest 2016Q3 regulatory filing with the SEC. Oz Management Lp sold 3.59 million shares as the company’s stock rose 11.84% with the market. The hedge fund run by Daniel S. Och held 10.60 million shares of the technology company at the end of 2016Q3, valued at $469.78 million, down from 14.19M at the end of the previous reported quarter. Oz Management Lp who had been investing in Activision Blizzard Inc for a number of months, seems to be less bullish one the $29.44B market cap company. The stock is up 1.38% or $0.53 hitting $38.91, despite the negative news. About 1.78M shares traded hands. Activision Blizzard, Inc. (NASDAQ:ATVI) has risen 0.66% since June 7, 2016 and is uptrending. It has underperformed by 6.77% the S&P500.

Oz Management Lp, which manages about $56.28 billion and $17.39 billion US Long portfolio, upped its stake in Delta Air Lines Inc Del (Call) (NYSE:DAL) by 1.76 million shares to 2.96M shares, valued at $116.40M in 2016Q3, according to the filing. It also increased its holding in Energy Transfer Equity LP (NYSE:ETE) by 687,369 shares in the quarter, for a total of 15.60 million shares, and has risen its stake in Du Pont E I De Nemours & Co (NYSE:DD).

Among the biggest hedge funds company worldwide, Och-Ziff Capital Management was founded by Daniel S. Och in 1994. The company makes use of many different strategies and has an approach which is multi-geography. Its offices are located in Mumbai, Hong Kong, London, Beijing and New York. Oz Management Lp is a New York-based hedge fund that was founded by Daniel S. Och. It had more than $56.28 billion assets under management in December, 2014. Oz Management Lp is the 84th largest hedge fund in our database. Taken from Oz Management latest Adv, the fund reported to have 546 full and part-time employees. Among which 149 performing investment advisory and research functions. The hedge fund had between 26-100 clients.

Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q3. Its up 0.01, from 1.38 in 2016Q2. The ratio increased, as 52 funds sold all ATVI shares owned while 174 reduced positions. 98 funds bought stakes while 216 increased positions. They now own 621.89 million shares or 3.93% more from 598.35 million shares in 2016Q2. Zacks Inv accumulated 0.03% or 27,042 shares. The Pennsylvania-based Nationwide Fund Advisors has invested 0.12% in Activision Blizzard, Inc. (NASDAQ:ATVI). Asset Advsrs accumulated 1,570 shares or 0.01% of the stock. Goldman Sachs Group Inc reported 4.55M shares or 0.06% of all its holdings. Gam Ag reported 224,145 shares or 0.17% of all its holdings. Ls Invest Advsrs Lc accumulated 0.04% or 12,301 shares. Aqr Cap Limited Co, a Connecticut-based fund reported 2.69M shares. Cetera Advisor Network Llc holds 4,595 shares or 0.01% of its portfolio. First Foundation Advsr has 0.06% invested in the company for 19,715 shares. Alkeon Management Ltd Liability accumulated 2.61% or 3.13M shares. Analytic Ltd Llc holds 0.45% of its portfolio in Activision Blizzard, Inc. (NASDAQ:ATVI) for 910,471 shares. Old Second Natl Bank Of Aurora holds 200 shares or 0% of its portfolio. Pointstate Cap LP holds 3.03M shares or 1.38% of its portfolio. Citigroup accumulated 0.01% or 248,672 shares. Price T Rowe Md reported 1.90 million shares or 0.02% of all its holdings.

Insider Transactions: Since August 8, 2016, the stock had 1 buy, and 10 selling transactions for $885.21 million net activity. Walther Christopher B sold $1.95M worth of Activision Blizzard, Inc. (NASDAQ:ATVI) on Friday, September 2. On Monday, August 8 ZACCONI RICCARDO sold $803,380 worth of the stock or 19,761 shares. The insider KELLY BRIAN G sold 12.91M shares worth $523.03M. Another trade for 8.57M shares valued at $347.24M was sold by KOTICK ROBERT A. NOLAN PETER J had bought 20,000 shares worth $795,842. Another trade for 75,000 shares valued at $3.28 million was made by Tippl Thomas on Wednesday, September 14. Another trade for 29,999 shares valued at $1.31M was made by MORGADO ROBERT J on Wednesday, September 14.

Analysts await Activision Blizzard, Inc. (NASDAQ:ATVI) to report earnings on February, 9. They expect $0.75 earnings per share, down 7.41% or $0.06 from last year’s $0.81 per share. ATVI’s profit will be $567.61 million for 12.97 P/E if the $0.75 EPS becomes a reality. After $0.46 actual earnings per share reported by Activision Blizzard, Inc. for the previous quarter, Wall Street now forecasts 63.04% EPS growth.

Another recent and important Activision Blizzard, Inc. (NASDAQ:ATVI) news was published by Investorplace.com which published an article titled: “3 Big Stock Charts for Friday: Activision Blizzard, Inc. (ATVI), Hasbro, Inc …” on January 06, 2017.

According to Zacks Investment Research, “ACTIVISION BLIZZARD, INC. is a worldwide pure-play online and console game publisher with leading market positions across all categories of the rapidly growing interactive entertainment software industry. Activision Blizzard’s portfolio includes best-selling video games such as Guitar Hero, Call of Duty, and Tony Hawk, as well as Spider-Man, X-Men, Shrek, James Bond and TRANSFORMERS, leading franchises such as Crash Bandicoot and Spyro and Blizzard Entertainment’s StarCraft, Diablo, and Warcraft franchises including the global number one subscription-based massively multi-player online role-playing game, World of Warcraft. Activision Blizzard maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, Norway, Denmark, the Netherlands, Romania, Australia, Chile, India, Japan, China, the region of Taiwan and South Korea.”

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

Out of 22 analysts covering Activision Blizzard (NASDAQ:ATVI), 19 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 86% are positive. Activision Blizzard has been the topic of 64 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was maintained by Wedbush on Friday, February 12 with “Outperform”. UBS maintained the stock with “Buy” rating in Friday, August 5 report. The stock of Activision Blizzard, Inc. (NASDAQ:ATVI) earned “Neutral” rating by Hilliard Lyons on Thursday, August 6. On Friday, October 23 the stock rating was maintained by M Partners with “Buy”. The rating was maintained by Mizuho on Friday, May 6 with “Buy”. The rating was upgraded by Vetr to “Buy” on Wednesday, September 2. Barclays Capital maintained the shares of ATVI in a report on Friday, August 5 with “Overweight” rating. Zacks upgraded Activision Blizzard, Inc. (NASDAQ:ATVI) rating on Friday, August 7. Zacks has “Hold” rating and $32 price target. Benchmark maintained it with “Buy” rating and $40.45 target price in Friday, May 6 report. As per Wednesday, March 30, the company rating was downgraded by Hilliard Lyons.

ATVI Company Profile

Activision Blizzard, Inc., incorporated on February 17, 2000, is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Firm operates through Activision Publishing, Inc. (Activision) and its subsidiaries, Blizzard Entertainment, Inc. (Blizzard) and its subsidiaries, and Other divisions. The Firm also develops products spanning other genres, including first-person action, action/adventure, role-playing, simulation and strategy. It provides various forms of product support to both its internally and externally developed content. It distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft in the United Kingdom and NBG in Germany.

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