Activision Blizzard, Inc. (NASDAQ:ATVI) Stake Boosted by Old Port Advisors

Old Port Advisors raised its stake in Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) by 7.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,882 shares of the company’s stock after buying an additional 805 shares during the quarter. Old Port Advisors’ holdings in Activision Blizzard were worth $910,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of ATVI. Roberts Glore & Co. Inc. IL increased its stake in shares of Activision Blizzard by 1.7% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 7,564 shares of the company’s stock worth $589,000 after purchasing an additional 130 shares during the last quarter. Centaurus Financial Inc. increased its stake in shares of Activision Blizzard by 5.7% during the 3rd quarter. Centaurus Financial Inc. now owns 2,542 shares of the company’s stock worth $189,000 after purchasing an additional 138 shares during the last quarter. Meiji Yasuda Life Insurance Co increased its stake in shares of Activision Blizzard by 1.0% during the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 14,005 shares of the company’s stock worth $1,041,000 after purchasing an additional 143 shares during the last quarter. NuWave Investment Management LLC increased its stake in shares of Activision Blizzard by 2.4% during the 3rd quarter. NuWave Investment Management LLC now owns 6,211 shares of the company’s stock worth $462,000 after purchasing an additional 144 shares during the last quarter. Finally, Boltwood Capital Management increased its stake in shares of Activision Blizzard by 2.7% during the 3rd quarter. Boltwood Capital Management now owns 5,537 shares of the company’s stock worth $412,000 after purchasing an additional 148 shares during the last quarter. Institutional investors and hedge funds own 79.34% of the company’s stock.

Insider Activity at Activision Blizzard

In other news, COO Daniel Alegre sold 8,847 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $78.50, for a total value of $694,489.50. Following the sale, the chief operating officer now directly owns 156,170 shares in the company, valued at approximately $12,259,345. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ATVI. StockNews.com initiated coverage on shares of Activision Blizzard in a report on Thursday. They issued a “hold” rating on the stock. Wedbush reiterated an “outperform” rating and issued a $95.00 price objective on shares of Activision Blizzard in a research note on Friday, January 27th. Roth Capital reiterated a “buy” rating on shares of Activision Blizzard in a research note on Friday, February 10th. Deutsche Bank Aktiengesellschaft upgraded Activision Blizzard from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $83.00 to $90.00 in a research note on Thursday, February 16th. Finally, Edward Jones upgraded Activision Blizzard from a “hold” rating to a “buy” rating in a research note on Tuesday, December 6th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Activision Blizzard currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.36.

Activision Blizzard Trading Down 1.1 %

Shares of ATVI opened at $78.99 on Friday. Activision Blizzard, Inc. has a 12-month low of $70.94 and a 12-month high of $81.50. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $61.95 billion, a price-to-earnings ratio of 41.14, a P/E/G ratio of 2.43 and a beta of 0.42. The stock’s 50-day moving average price is $76.72 and its 200 day moving average price is $75.60.

Activision Blizzard Profile

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Activision Blizzard, Inc engages in the development and publication of entertainment content and services. It operates through the following segments: Activision Publishing Inc, Blizzard Entertainment Inc, and King Digital Entertainment. The Activision Publishing Inc segment delivers content through both premium and free-to-play offerings, as well as by licensing software to third-party or related-party companies that distribute Activision products.