Gulf International Bank UK Ltd increased its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 11.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 250,029 shares of the company’s stock after buying an additional 24,830 shares during the period. Gulf International Bank UK Ltd’s holdings in Activision Blizzard were worth $20,799,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in ATVI. Altman Advisors Inc. acquired a new stake in Activision Blizzard during the second quarter valued at approximately $323,000. Asset Advisors Investment Management LLC acquired a new stake in shares of Activision Blizzard during the third quarter valued at approximately $100,000. Ashburton Jersey Ltd acquired a new stake in shares of Activision Blizzard during the second quarter valued at approximately $107,000. Quad Cities Investment Group LLC acquired a new stake in shares of Activision Blizzard during the second quarter valued at approximately $114,000. Finally, NuWave Investment Management LLC acquired a new stake in shares of Activision Blizzard during the second quarter valued at approximately $121,000. 86.92% of the stock is currently owned by hedge funds and other institutional investors.
Activision Blizzard stock opened at $64.25 on Wednesday. The company has a market capitalization of $52.60 billion, a price-to-earnings ratio of 31.34, a P/E/G ratio of 1.84 and a beta of 1.11. The company has a current ratio of 2.98, a quick ratio of 2.96 and a debt-to-equity ratio of 0.42. Activision Blizzard, Inc. has a twelve month low of $57.29 and a twelve month high of $84.68.
A number of equities research analysts have recently issued reports on ATVI shares. BidaskClub lowered shares of Activision Blizzard from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. BTIG Research boosted their price target on shares of Activision Blizzard from $80.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 16th. Argus restated a “buy” rating and set a $90.00 price target (up previously from $81.00) on shares of Activision Blizzard in a report on Friday, September 21st. KeyCorp cut their price target on shares of Activision Blizzard from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Wednesday, October 31st. Finally, SunTrust Banks set a $85.00 price target on shares of Activision Blizzard and gave the company a “buy” rating in a report on Wednesday, October 17th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Activision Blizzard has an average rating of “Buy” and a consensus target price of $82.75.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $68.70, for a total value of $1,357,580.70. Following the transaction, the chief executive officer now owns 20,324 shares in the company, valued at approximately $1,396,258.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.29% of the stock is currently owned by corporate insiders.
WARNING: “Gulf International Bank UK Ltd Has $20.80 Million Position in Activision Blizzard, Inc. (ATVI)” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/11/07/gulf-international-bank-uk-ltd-has-20-80-million-position-in-activision-blizzard-inc-atvi.html.
Activision Blizzard Company Profile
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
See Also: S&P 500 Index
Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision Blizzard, Inc. (NASDAQ:ATVI).
Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.