Gabelli Funds LLC lowered its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 182,000 shares of the company’s stock after selling 4,000 shares during the period. Gabelli Funds LLC’s holdings in Activision Blizzard were worth $11,741,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Advisors Inc. grew its position in Activision Blizzard by 321.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock worth $100,000 after purchasing an additional 1,180 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new position in Activision Blizzard during the 2nd quarter worth approximately $142,000. Huntington National Bank grew its position in Activision Blizzard by 122.6% during the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after purchasing an additional 1,366 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its position in Activision Blizzard by 16.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after purchasing an additional 363 shares in the last quarter. Finally, Phocas Financial Corp. purchased a new position in Activision Blizzard during the 2nd quarter worth approximately $173,000. Hedge funds and other institutional investors own 86.32% of the company’s stock.
Activision Blizzard, Inc (NASDAQ:ATVI) opened at $63.00 on Friday. The company has a market cap of $47,868.66, a PE ratio of 28.78, a PEG ratio of 2.21 and a beta of 1.07. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $67.03.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the completion of the transaction, the chief executive officer now owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.12% of the stock is currently owned by corporate insiders.
ATVI has been the topic of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating on shares of Activision Blizzard in a research report on Sunday, September 10th. Wedbush set a $75.00 price target on shares of Activision Blizzard and gave the company a “buy” rating in a report on Thursday, October 26th. Piper Jaffray Companies restated an “overweight” rating and set a $69.00 price target on shares of Activision Blizzard in a report on Friday, September 8th. Vetr upgraded shares of 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 shares of 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. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $68.75.
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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