Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 5.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,411 shares of the company’s stock after purchasing an additional 6,316 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Activision Blizzard were worth $7,832,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Harwood Advisory Group LLC lifted its holdings in Activision Blizzard by 0.7% during the 2nd quarter. Harwood Advisory Group LLC now owns 5,288 shares of the company’s stock valued at $304,000 after purchasing an additional 36 shares during the last quarter. Macquarie Group Ltd. increased its position in Activision Blizzard by 0.4% in the 2nd quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock valued at $711,000 after acquiring an additional 45 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of Activision Blizzard by 0.7% during the 2nd quarter. D.A. Davidson & CO. now owns 8,926 shares of the company’s stock worth $513,000 after buying an additional 58 shares during the period. Accuvest Global Advisors grew its position in shares of Activision Blizzard by 2.0% during the 2nd quarter. Accuvest Global Advisors now owns 9,758 shares of the company’s stock worth $562,000 after buying an additional 194 shares during the period. Finally, Commerce Bank grew its position in shares of Activision Blizzard by 1.7% during the 2nd quarter. Commerce Bank now owns 11,883 shares of the company’s stock worth $684,000 after buying an additional 199 shares during the period. 86.15% of the stock is owned by institutional investors.
In related news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $61.32, for a total value of $1,211,744.52. Following the transaction, the chief executive officer now directly owns 48,472 shares in the company, valued at approximately $2,972,303.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.12% of the stock is owned by company insiders.
Shares of Activision Blizzard, Inc (NASDAQ:ATVI) traded down $0.92 during mid-day trading on Wednesday, hitting $63.11. 806,806 shares of the stock traded hands, compared to its average volume of 6,833,813. The firm has a market cap of $47,510.00, a P/E ratio of 28.92, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06. Activision Blizzard, Inc has a one year low of $35.12 and a one year high of $67.03. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44.
ATVI has been the subject of several analyst reports. Cowen and Company cut shares of Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 price target for the company. in a research report on Monday, October 9th. Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective for the company in a report on Friday, October 27th. Piper Jaffray Companies restated an “overweight” rating and set a $69.00 price objective on shares of Activision Blizzard in a report on Friday, September 8th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Activision Blizzard in a report on Friday, September 8th. They set a “neutral” rating and a $65.00 price objective for the company. Finally, Vetr lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating and set a $59.97 price target on the stock. in a research note on Monday, October 23rd. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Activision Blizzard presently has an average rating of “Buy” and an average target price of $68.75.
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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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