Axa decreased its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 2.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 596,501 shares of the company’s stock after selling 17,351 shares during the period. Axa owned 0.08% of Activision Blizzard worth $38,480,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Allen Investment Management LLC bought a new stake in shares of Activision Blizzard during the 2nd quarter valued at about $2,095,000. Pacad Investment Ltd. boosted its holdings in Activision Blizzard by 131.0% in the second quarter. Pacad Investment Ltd. now owns 119,447 shares of the company’s stock worth $6,877,000 after acquiring an additional 67,742 shares in the last quarter. Norinchukin Bank The boosted its holdings in Activision Blizzard by 7.1% in the second quarter. Norinchukin Bank The now owns 48,118 shares of the company’s stock worth $2,770,000 after acquiring an additional 3,170 shares in the last quarter. Brighton Jones LLC bought a new position in Activision Blizzard in the second quarter worth approximately $508,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Activision Blizzard by 39.0% in the second quarter. The Manufacturers Life Insurance Company now owns 1,101,771 shares of the company’s stock worth $63,430,000 after acquiring an additional 309,181 shares in the last quarter. Institutional investors own 86.57% of the company’s stock.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $63.64, for a total value of $1,257,590.04. Following the transaction, the chief executive officer now owns 41,435 shares in the company, valued at $2,636,923.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.12% of the stock is owned by company insiders.
ATVI has been the topic of several recent research reports. Stifel Nicolaus reiterated a “buy” rating on shares of Activision Blizzard in a report on Sunday, September 10th. Wedbush set a $75.00 price target on Activision Blizzard and gave the stock a “buy” rating in a report on Thursday, October 26th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $69.00 price target on shares of Activision Blizzard in a report on Friday, September 8th. Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.58 price target on the stock in a report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target on the stock in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.71.
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Activision Blizzard Company 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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