Advisor Group Inc. increased its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 17.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,874 shares of the company’s stock after buying an additional 3,318 shares during the period. Advisor Group Inc.’s holdings in Activision Blizzard were worth $1,477,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Janus Henderson Group PLC lifted its position in shares of Activision Blizzard by 820.8% in the second quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock worth $1,168,587,000 after purchasing an additional 18,094,334 shares in the last quarter. Jennison Associates LLC raised its position in Activision Blizzard by 82.6% during the second 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 in the last quarter. Capital World Investors raised its position in Activision Blizzard by 23.8% during the second 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 in the last quarter. Vanguard Group Inc. raised its position in 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 acquiring an additional 2,200,995 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in Activision Blizzard by 108.6% during the third quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock worth $205,444,000 after acquiring an additional 1,657,730 shares in the last quarter. 86.57% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the completion of the sale, the chief executive officer now owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.12% of the company’s stock.
Activision Blizzard, Inc. (NASDAQ:ATVI) traded down $3.36 during trading on Monday, reaching $58.60. 12,487,112 shares of the company’s stock traded hands, compared to its average volume of 6,758,846. The company has a market cap of $44,310.00, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. Activision Blizzard, Inc. has a 52-week low of $35.86 and a 52-week high of $67.03. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44.
Several analysts have issued reports on ATVI shares. KeyCorp reaffirmed a “buy” rating and set a $74.00 price target on shares of Activision Blizzard in a research report on Friday, September 8th. Jefferies Group reissued a “buy” rating and issued a $78.00 price objective (up from $68.00) on shares of Activision Blizzard in a research report on Wednesday, August 9th. BidaskClub raised shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Argus restated a “buy” rating and issued a $70.00 price target (up from $65.00) on shares of Activision Blizzard in a research note on Wednesday, August 16th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Activision Blizzard in a research note on Sunday, September 10th. 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 stock. The company has a consensus rating of “Buy” and a consensus target price of $68.71.
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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.
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