CI Investments Inc. lowered its position in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 1.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 282,600 shares of the company’s stock after selling 5,000 shares during the quarter. CI Investments Inc.’s holdings in Activision Blizzard were worth $18,231,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ATVI. Cornerstone Advisors Inc. boosted its holdings in shares of Activision Blizzard by 321.5% in the third quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after buying an additional 1,180 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in shares of Activision Blizzard in the second quarter valued at approximately $142,000. Huntington National Bank boosted its holdings in shares of Activision Blizzard by 122.6% in the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after buying an additional 1,366 shares during the period. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Activision Blizzard by 16.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after buying an additional 363 shares during the period. Finally, Phocas Financial Corp. acquired a new position in shares of Activision Blizzard in the second quarter valued at approximately $173,000. Hedge funds and other institutional investors own 86.15% of the company’s stock.
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In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the 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 sale, the chief executive officer now directly owns 48,472 shares in the company, valued at $2,972,303.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.12% of the company’s stock.
ATVI has been the subject of several research analyst reports. Needham & Company LLC initiated coverage on shares of Activision Blizzard in a report on Monday, July 17th. They issued a “buy” rating and a $75.00 price target for the company. Robert W. Baird reiterated an “outperform” rating and issued a $60.00 price target on shares of Activision Blizzard in a report on Monday, July 17th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $65.00 price target on shares of Activision Blizzard in a report on Tuesday, July 18th. Morgan Stanley reiterated an “overweight” rating and issued a $67.00 price target on shares of Activision Blizzard in a report on Saturday, July 22nd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $67.00 price objective (up previously from $62.00) on shares of Activision Blizzard in a research report on Monday, July 24th. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $68.75.
Shares of Activision Blizzard, Inc (NASDAQ:ATVI) traded up $0.33 during trading on Tuesday, reaching $63.95. 948,280 shares of the company’s stock were exchanged, compared to its average volume of 6,844,182. The firm has a market capitalization of $48,100.00, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 2.20 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.22. Activision Blizzard, Inc has a 12-month low of $35.12 and a 12-month high of $67.03.
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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