Lockheed Martin Investment Management Co. Invests $1.92 Million in Activision Blizzard, Inc (ATVI) Stock

Lockheed Martin Investment Management Co. bought a new stake in Activision Blizzard, Inc (NASDAQ:ATVI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,700 shares of the company’s stock, valued at approximately $1,916,000.

Other hedge funds also recently bought and sold shares of the company. Cornerstone Advisors Inc. lifted its stake in Activision Blizzard by 321.5% in the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after buying an additional 1,180 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in Activision Blizzard in the 2nd quarter valued at approximately $142,000. Huntington National Bank lifted its stake in Activision Blizzard by 122.6% in the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after buying an additional 1,366 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in Activision Blizzard by 16.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after buying an additional 363 shares in the last quarter. Finally, Phocas Financial Corp. purchased a new stake in Activision Blizzard in the 2nd quarter valued at approximately $173,000. 86.15% of the stock is currently owned by hedge funds and other institutional investors.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $61.32, for a total value of $1,211,744.52. Following the completion of the transaction, the chief executive officer now directly owns 48,472 shares of the company’s stock, valued at approximately $2,972,303.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.12% of the company’s stock.

Activision Blizzard, Inc (NASDAQ ATVI) traded up $0.71 during trading hours on Tuesday, reaching $64.33. 1,631,121 shares of the company’s stock were exchanged, compared to its average volume of 6,844,182. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44. The stock has a market cap of $48,100.00, a PE ratio of 28.64, a P/E/G ratio of 2.20 and a beta of 1.06. Activision Blizzard, Inc has a one year low of $35.12 and a one year high of $67.03.

COPYRIGHT VIOLATION WARNING: This news story was posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://www.themarketsdaily.com/2017/11/14/lockheed-martin-investment-management-co-invests-1-92-million-in-activision-blizzard-inc-atvi-stock.html.

ATVI has been the topic of a number of recent analyst reports. Piper Jaffray Companies reissued an “overweight” rating and set a $65.00 price target on shares of Activision Blizzard in a research note on Tuesday, July 18th. Argus reissued a “buy” rating and set a $70.00 price target (up previously from $65.00) on shares of Activision Blizzard in a research note on Wednesday, August 16th. Jefferies Group LLC increased their price target on Activision Blizzard from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. BidaskClub lowered Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Bank of America Corporation raised Activision Blizzard from a “neutral” rating to a “buy” rating and increased their price target for the stock from $65.00 to $76.00 in a research note on Friday, August 4th. Six research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $68.75.

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.

Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision Blizzard, Inc (NASDAQ:ATVI).

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

Receive News & Ratings for Activision Blizzard Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply