Pictet Asset Management Ltd. lowered its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 6.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 500,842 shares of the company’s stock after selling 33,921 shares during the quarter. Pictet Asset Management Ltd. owned about 0.07% of Activision Blizzard worth $32,309,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Activision Blizzard by 0.5% during the second quarter. BlackRock Inc. now owns 49,147,427 shares of the company’s stock worth $2,829,418,000 after purchasing an additional 235,362 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Activision Blizzard by 4.8% during the second quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock worth $2,786,211,000 after purchasing an additional 2,200,995 shares in the last quarter. State Street Corp raised its holdings in Activision Blizzard by 4.7% in the second quarter. State Street Corp now owns 26,680,585 shares of the company’s stock valued at $1,536,010,000 after acquiring an additional 1,197,980 shares in the last quarter. Capital World Investors raised its holdings in Activision Blizzard by 23.8% in the second quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock valued at $1,297,513,000 after acquiring an additional 4,327,000 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Activision Blizzard by 82.6% in the second quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock valued at $1,283,097,000 after acquiring an additional 10,083,717 shares in the last quarter. 86.32% of the stock is currently owned by institutional investors.
ATVI has been the topic of several analyst reports. Benchmark Co. raised their target price on shares of Activision Blizzard from $71.00 to $74.00 and gave the company a “buy” rating in a report on Friday, August 4th. Bank of America Corporation upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating and increased their price target for the company from $65.00 to $76.00 in a research note on Friday, August 4th. UBS AG reiterated a “buy” rating and issued a $72.00 price target (up from $67.00) on shares of Activision Blizzard in a research note on Monday, July 31st. MKM Partners reiterated a “buy” rating and issued a $63.00 price target (up from $60.00) on shares of Activision Blizzard in a research note on Wednesday, July 26th. Finally, Needham & Company LLC began coverage on shares of Activision Blizzard in a research note on Monday, July 17th. They issued a “buy” rating and a $75.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $68.75.
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In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard 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 transaction, the chief executive officer now directly owns 48,472 shares in the company, valued at $2,972,303.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.12% of the company’s stock.
Activision Blizzard, Inc (NASDAQ:ATVI) opened at $63.00 on Friday. 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 capitalization of $47,634.30, a price-to-earnings ratio of 28.64, a price-to-earnings-growth ratio of 2.20 and a beta of 1.07. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week 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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