Point72 Asset Management L.P. trimmed its stake in Activision Blizzard, Inc. (NASDAQ:ATVI) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 587,000 shares of the company’s stock after selling 23,000 shares during the period. Point72 Asset Management L.P. owned about 0.08% of Activision Blizzard worth $37,867,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ATVI. BlackRock Inc. lifted its holdings in shares of Activision Blizzard by 0.5% during the 2nd quarter. BlackRock Inc. now owns 49,147,427 shares of the company’s stock worth $2,829,418,000 after acquiring an additional 235,362 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Activision Blizzard by 4.8% during the 2nd quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock worth $2,786,211,000 after acquiring an additional 2,200,995 shares during the period. State Street Corp lifted its holdings in shares of Activision Blizzard by 4.7% during the 2nd quarter. State Street Corp now owns 26,680,585 shares of the company’s stock worth $1,536,010,000 after acquiring an additional 1,197,980 shares during the period. Capital World Investors lifted its holdings in shares of Activision Blizzard by 23.8% during the 2nd quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock worth $1,297,513,000 after acquiring an additional 4,327,000 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Activision Blizzard by 82.6% during the 2nd quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock worth $1,283,097,000 after acquiring an additional 10,083,717 shares during the period. Institutional investors own 86.57% of the company’s stock.
A number of equities analysts have recently commented on ATVI shares. Buckingham Research started coverage on shares of Activision Blizzard in a report on Wednesday, September 20th. They set a “buy” rating and a $79.00 price objective for the company. Vetr raised shares of Activision Blizzard from a “sell” rating to a “hold” rating and set a $62.29 price objective for the company in a report on Wednesday, November 29th. Wedbush set a $75.00 price objective on shares of Activision Blizzard and gave the stock a “buy” rating in a report on Thursday, October 26th. Goldman Sachs Group started 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, Jefferies Group reaffirmed a “buy” rating and set a $78.00 price objective on shares of Activision Blizzard in a report on Sunday, October 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $68.71.
In other news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction that occurred 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 sale, the chief executive officer now owns 41,435 shares in the company, valued at approximately $2,636,923.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.12% of the stock is owned by insiders.
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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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