First Allied Advisory Services Inc. Has $2.54 Million Holdings in Activision Blizzard, Inc. (ATVI)

First Allied Advisory Services Inc. boosted its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 45.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,313 shares of the company’s stock after buying an additional 12,369 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Activision Blizzard were worth $2,542,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Cornerstone Advisors Inc. grew its position in shares of Activision Blizzard by 321.5% in the third quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after purchasing an additional 1,180 shares during the last quarter. Grove Bank & Trust grew its position in shares of Activision Blizzard by 261.7% in the third quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock valued at $140,000 after purchasing an additional 1,570 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of Activision Blizzard by 16.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after purchasing an additional 363 shares during the last quarter. Phocas Financial Corp. acquired a new stake in shares of Activision Blizzard in the second quarter valued at about $173,000. Finally, Chicago Equity Partners LLC acquired a new stake in shares of Activision Blizzard in the third quarter valued at about $204,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

ATVI has been the topic of several research analyst reports. Cowen downgraded Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 price target on the stock. in a research report on Monday, October 9th. Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target on the stock in a research report on Friday, October 27th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $69.00 price target on shares of Activision Blizzard in a research report on Friday, September 8th. Goldman Sachs Group initiated coverage on Activision Blizzard in a research report on Friday, September 8th. They issued a “neutral” rating and a $65.00 price target on the stock. Finally, Vetr downgraded Activision Blizzard from a “buy” rating to a “hold” rating and set a $59.97 price target on the stock. in a research report on Monday, October 23rd. Five research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $68.71.

Activision Blizzard, Inc. (NASDAQ ATVI) opened at $62.43 on Friday. The company has a market cap of $45,933.05, a PE ratio of 27.61, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25. Activision Blizzard, Inc. has a one year low of $35.86 and a one year high of $67.03.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 41,435 shares in the company, valued at $2,636,923.40. The sale was disclosed in a filing with the SEC, 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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