Comerica Bank lifted its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 6.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 206,933 shares of the company’s stock after purchasing an additional 11,705 shares during the period. Comerica Bank’s holdings in Activision Blizzard were worth $13,513,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Allen Investment Management LLC acquired a new stake in Activision Blizzard during the 2nd quarter worth $2,095,000. Pacad Investment Ltd. raised its stake in Activision Blizzard by 131.0% during the 2nd quarter. Pacad Investment Ltd. now owns 119,447 shares of the company’s stock worth $6,877,000 after buying an additional 67,742 shares during the period. Norinchukin Bank The raised its stake in Activision Blizzard by 7.1% during the 2nd quarter. Norinchukin Bank The now owns 48,118 shares of the company’s stock worth $2,770,000 after buying an additional 3,170 shares during the period. Brighton Jones LLC acquired a new stake in Activision Blizzard during the 2nd quarter worth $508,000. Finally, The Manufacturers Life Insurance Company raised its stake in Activision Blizzard by 39.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,101,771 shares of the company’s stock worth $63,430,000 after buying an additional 309,181 shares during the period. Institutional investors and hedge funds own 86.15% of the company’s stock.
ATVI has been the topic of several research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $78.00 price objective (up previously from $68.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. Benchmark Co. lifted their price target on Activision Blizzard from $71.00 to $74.00 and gave the company 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 lifted their price target for the company from $65.00 to $76.00 in a research note on Friday, August 4th. UBS AG lifted their price target on Activision Blizzard from $67.00 to $72.00 and gave the company a “buy” rating in a research note on Sunday, August 6th. Finally, MKM Partners reissued a “buy” rating and issued a $63.00 price target (up previously from $60.00) on shares of Activision Blizzard in a research note on Wednesday, July 26th. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $68.75.
Shares of Activision Blizzard, Inc (NASDAQ:ATVI) traded up $1.00 during trading hours on Thursday, hitting $63.89. The stock had a trading volume of 455,912 shares, compared to its average volume of 6,821,311. Activision Blizzard, Inc has a 12 month low of $35.12 and a 12 month high of $67.03. The company has a market capitalization of $48,250.00, a PE ratio of 29.10, a PEG ratio of 2.23 and a beta of 1.06. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 48,472 shares in the company, valued at $2,972,303.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.12% of the company’s stock.
About Activision Blizzard
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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