Boston Advisors LLC raised its position in Activision Blizzard, Inc (NASDAQ:ATVI) by 418.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 40,230 shares of the company’s stock after purchasing an additional 32,475 shares during the period. Boston Advisors LLC’s holdings in Activision Blizzard were worth $2,595,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of ATVI. Thrivent Financial For Lutherans lifted its position in shares of Activision Blizzard by 6.7% in the first quarter. Thrivent Financial For Lutherans now owns 25,750 shares of the company’s stock valued at $1,279,000 after acquiring an additional 1,610 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Activision Blizzard during the first quarter worth about $311,000. Caledonia Private Investments Pty Ltd purchased a new position in Activision Blizzard during the first quarter worth about $56,229,000. National Asset Management Inc. purchased a new position in Activision Blizzard during the first quarter worth about $294,000. Finally, Shelton Capital Management raised its holdings in shares of Activision Blizzard by 118.8% in the 1st quarter. Shelton Capital Management now owns 102,496 shares of the company’s stock worth $5,110,000 after purchasing an additional 55,660 shares during the period. 86.15% of the stock is currently owned by institutional investors.
Activision Blizzard, Inc (NASDAQ ATVI) opened at $64.03 on Wednesday. The company has a market capitalization of $48,500.00, a P/E ratio of 28.64, a PEG ratio of 2.20 and a beta of 1.06. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $67.03.
ATVI has been the topic of a number of research reports. Cowen and Company downgraded Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 price objective on the stock. in a report on Monday, October 9th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective for the company in a research note on Friday, October 27th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $69.00 target price on shares of Activision Blizzard in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) started coverage on Activision Blizzard in a research report on Friday, September 8th. They issued a “neutral” rating and a $65.00 target price for the company. Finally, Vetr lowered Activision Blizzard from a “buy” rating to a “hold” rating and set a $59.97 target price for the company. in a research report on Monday, October 23rd. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $68.75.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the transaction, the chief executive officer now owns 48,472 shares of the company’s stock, valued at approximately $2,972,303.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.12% of the stock is currently owned by corporate insiders.
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About Activision Blizzard
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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