Artemis Investment Management LLP Sells 189,153 Shares of Activision Blizzard, Inc (ATVI)

Artemis Investment Management LLP lowered its position in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 52.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 172,424 shares of the company’s stock after selling 189,153 shares during the quarter. Artemis Investment Management LLP’s holdings in Activision Blizzard were worth $11,119,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ATVI. Janus Henderson Group PLC boosted its holdings in Activision Blizzard by 820.8% in the 2nd quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock worth $1,168,587,000 after acquiring an additional 18,094,334 shares during the period. Jennison Associates LLC boosted its holdings in Activision Blizzard by 82.6% in the 2nd quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock worth $1,283,097,000 after acquiring an additional 10,083,717 shares during the period. Capital World Investors boosted its holdings in Activision Blizzard by 23.8% in the 2nd quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock worth $1,297,513,000 after acquiring an additional 4,327,000 shares during the period. Vanguard Group Inc. boosted its holdings in Activision Blizzard by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock worth $2,786,211,000 after acquiring an additional 2,200,995 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Activision Blizzard by 149.8% in the 2nd quarter. Alliancebernstein L.P. now owns 2,678,328 shares of the company’s stock worth $154,191,000 after acquiring an additional 1,606,036 shares during the period. Hedge funds and other institutional investors own 86.32% of the company’s stock.

A number of research firms have weighed in on ATVI. Morgan Stanley upped their price target on Activision Blizzard from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, November 3rd. Barclays PLC began coverage on Activision Blizzard in a report on Wednesday, October 4th. They issued an “equal weight” rating and a $65.00 price target for the company. Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.25 price target for the company in a report on Wednesday, September 27th. Credit Suisse Group restated an “outperform” rating and issued a $67.00 price target (up previously from $62.00) on shares of Activision Blizzard in a report on Monday, July 24th. Finally, Wedbush upped their price target on Activision Blizzard to $3.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $68.75.

Activision Blizzard, Inc (NASDAQ ATVI) traded down $0.31 on Friday, hitting $63.00. The stock had a trading volume of 4,858,800 shares, compared to its average volume of 6,884,357. Activision Blizzard, Inc has a 52 week low of $35.12 and a 52 week high of $67.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.22. The stock has a market cap of $47,634.30, a P/E ratio of 28.64, a PEG ratio of 2.20 and a beta of 1.07.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.12% of the stock is owned by company insiders.

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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.

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

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