USS Investment Management Ltd cut its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 13.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,029,888 shares of the company’s stock after selling 315,000 shares during the quarter. Activision Blizzard accounts for 1.0% of USS Investment Management Ltd’s holdings, making the stock its 22nd largest position. USS Investment Management Ltd owned 0.27% of Activision Blizzard worth $130,948,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in ATVI. Huntington National Bank increased its holdings in shares of Activision Blizzard by 122.6% during the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after purchasing an additional 1,366 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Activision Blizzard by 100.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 365,314 shares of the company’s stock worth $21,029,000 after acquiring an additional 182,977 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Activision Blizzard during the 2nd quarter worth approximately $318,000. Parkwood LLC acquired a new stake in shares of Activision Blizzard during the 2nd quarter worth approximately $479,000. Finally, Public Employees Retirement Association of Colorado boosted its position in shares of Activision Blizzard by 4.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 118,416 shares of the company’s stock worth $6,817,000 after acquiring an additional 5,528 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.
ATVI has been the topic of several analyst reports. Argus reiterated a “buy” rating and set a $70.00 price target (up previously from $65.00) on shares of Activision Blizzard in a research report on Wednesday, August 16th. BidaskClub upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Vetr lowered shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 price target on the stock. in a research report on Thursday, August 31st. KeyCorp reiterated a “buy” rating and set a $74.00 price target on shares of Activision Blizzard in a research report on Friday, September 8th. Finally, Goldman Sachs Group initiated coverage on shares of Activision Blizzard in a research report on Friday, September 8th. They set a “neutral” rating and a $65.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Activision Blizzard has an average rating of “Buy” and a consensus target price of $68.71.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s 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 completion of the transaction, the chief executive officer now owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.12% of the stock is currently owned by company insiders.
Shares of Activision Blizzard, Inc. (NASDAQ ATVI) traded up $0.43 during trading on Thursday, reaching $65.03. 4,737,164 shares of the company’s stock were exchanged, compared to its average volume of 6,741,985. The firm has a market capitalization of $48,692.81, a price-to-earnings ratio of 29.27, a P/E/G ratio of 2.24 and a beta of 1.03. Activision Blizzard, Inc. has a 1 year low of $35.86 and a 1 year 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.
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Activision Blizzard 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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