Rhumbline Advisers grew its holdings in Activision Blizzard, Inc (NASDAQ:ATVI) by 5.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,187,170 shares of the company’s stock after acquiring an additional 61,093 shares during the period. Rhumbline Advisers owned about 0.16% of Activision Blizzard worth $76,584,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in ATVI. Cornerstone Advisors Inc. lifted its position in shares of Activision Blizzard by 321.5% in the third quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock worth $100,000 after buying an additional 1,180 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in shares of Activision Blizzard in the second quarter worth about $142,000. Huntington National Bank lifted its position in shares of Activision Blizzard by 122.6% in the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after buying an additional 1,366 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Activision Blizzard by 16.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after buying an additional 363 shares in the last quarter. Finally, Phocas Financial Corp. purchased a new stake in shares of Activision Blizzard in the second quarter worth about $173,000. Institutional investors and hedge funds own 86.15% of the company’s stock.
ATVI has been the topic of several analyst reports. Benchmark Co. boosted their price objective on Activision Blizzard from $71.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Bank of America Corporation raised Activision Blizzard from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $65.00 to $76.00 in a research note on Friday, August 4th. UBS AG reissued a “buy” rating and set a $72.00 price objective (up from $67.00) on shares of Activision Blizzard in a research note on Monday, July 31st. MKM Partners reissued a “buy” rating and set a $63.00 price objective (up from $60.00) on shares of Activision Blizzard in a research note on Wednesday, July 26th. Finally, Needham & Company LLC initiated coverage on Activision Blizzard in a research note on Monday, July 17th. They set a “buy” rating and a $75.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Activision Blizzard presently has a consensus rating of “Buy” and a consensus target price of $68.75.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the sale, the chief executive officer now directly owns 48,472 shares of the company’s stock, valued at approximately $2,972,303.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.12% of the company’s stock.
Shares of Activision Blizzard, Inc (NASDAQ:ATVI) traded up $0.62 during mid-day trading on Monday, reaching $63.62. The company had a trading volume of 3,019,233 shares, compared to its average volume of 6,861,648. The stock has a market cap of $47,634.27, a price-to-earnings ratio of 28.64, a price-to-earnings-growth ratio of 2.20 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.22. Activision Blizzard, Inc has a one year low of $35.12 and a one year high of $67.03.
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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