Weekly Stock Spotlight: Activision Blizzard

Ticker Symbol: ATVI

Founded: 2008 after merger of Activision & Vivendi Games

Market Cap: $45.0B

2016 Rev.: $6.6B

No. Employees: 9,000

Chairman, CEO: Bobby Kotick

HQ: Santa Monica, California

Part of S&P 500: yes

Stock Stats: 52-Wk Low: 35.12 / 52-Wk High: 60.13

iScreener Rating: ★★☆☆

Word on the Street: Billionaires are buying ATVI. Last quarter they bought 3M shares.

iBillionaire Investors:

1. Steve Mandel has a $1B stake in Activision Blizzard.

2. George Soros has a $12M stake in ATVI.

Activision Blizzard at a Glance:

You might not know it, but Activision Blizzard is the company behind many of the world’s most popular games and series. The company and its franchises have produced legendary games such as Call of Duty, World of Warcraft, Starcraft, Guitar Hero, Diablo and the highly addictive Candy Crush Saga.

Activision Blizzard was even awarded the biggest entertainment launch of the year, with the release of Call of Duty: Black Ops III that grossed a mega $500 million in worldwide sales during its opening weekend in 2015. Investors are excited about the Sept. 8 release of Destiny 2 and also the hopeful release of Overwatch League in late 2017, showing that this company could be a good long-term investment.

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