Commonwealth Equity Services Inc grew its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 13.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,466 shares of the company’s stock after purchasing an additional 5,408 shares during the period. Commonwealth Equity Services Inc’s holdings in Activision Blizzard were worth $2,997,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in ATVI. Janus Henderson Group PLC increased its stake 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 lifted 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 valued at $1,283,097,000 after purchasing an additional 10,083,717 shares during the last quarter. Capital World Investors lifted 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 valued at $1,297,513,000 after purchasing an additional 4,327,000 shares during the last quarter. Vanguard Group Inc. lifted 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 valued at $2,786,211,000 after purchasing an additional 2,200,995 shares during the last quarter. Finally, Prudential Financial Inc. lifted 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 valued at $205,444,000 after purchasing an additional 1,657,730 shares during the last quarter. 86.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) traded up $0.82 during midday trading on Thursday, reaching $61.57. 7,202,187 shares of the company traded hands, compared to its average volume of 6,771,194. Activision Blizzard, Inc. has a 12 month low of $35.86 and a 12 month high of $67.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25. The stock has a market cap of $46,750.00, a price-to-earnings ratio of 27.07, a PEG ratio of 2.07 and a beta of 1.03.
Several research firms have commented on ATVI. Vetr upgraded shares of Activision Blizzard from a “sell” rating to a “hold” rating and set a $62.29 price objective for the company in a research report on Wednesday, November 29th. Cowen reissued an “outperform” rating and issued a $66.00 target price (up previously from $59.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. Robert W. Baird reissued an “outperform” rating and issued a $68.00 target price (up previously from $60.00) on shares of Activision Blizzard in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 target price on the stock in a research note on Wednesday, August 9th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $78.00 price target (up previously from $68.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. Five analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. Activision Blizzard currently has a consensus rating of “Buy” and a consensus target price of $68.71.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction 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 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 filing with the SEC, which is available at the SEC website. Insiders own 2.12% of the company’s stock.
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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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