Canada Pension Plan Investment Board Has $177,000 Stake in Activision Blizzard, Inc (ATVI)

Canada Pension Plan Investment Board cut its position in Activision Blizzard, Inc (NASDAQ:ATVI) by 96.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,743 shares of the company’s stock after selling 70,700 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Activision Blizzard were worth $177,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ATVI. Janus Henderson Group PLC raised its position in shares of Activision Blizzard by 820.8% in the 2nd quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock valued at $1,168,587,000 after buying an additional 18,094,334 shares in the last quarter. Jennison Associates LLC raised its position in shares of Activision Blizzard by 82.6% in the 2nd quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock valued at $1,283,097,000 after buying an additional 10,083,717 shares in the last quarter. Capital World Investors raised its position in shares of Activision Blizzard by 23.8% in the 2nd quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock valued at $1,297,513,000 after buying an additional 4,327,000 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Activision Blizzard by 4.8% in the 2nd quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock valued at $2,786,211,000 after buying an additional 2,200,995 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Activision Blizzard by 149.8% in the 2nd quarter. Alliancebernstein L.P. now owns 2,678,328 shares of the company’s stock valued at $154,191,000 after buying an additional 1,606,036 shares in the last quarter. Institutional investors own 84.23% of the company’s stock.

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A number of equities analysts recently issued reports on the stock. Piper Jaffray Companies reiterated an “overweight” rating and set a $65.00 price objective (up from $60.00) on shares of Activision Blizzard in a research report on Wednesday, July 26th. MKM Partners reiterated a “buy” rating and set a $63.00 price objective (up from $60.00) on shares of Activision Blizzard in a research report on Wednesday, July 26th. UBS AG reiterated a “buy” rating and set a $72.00 price objective (up from $67.00) on shares of Activision Blizzard in a research report on Monday, July 31st. Bank of America Corporation upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $65.00 to $76.00 in a research report on Friday, August 4th. Finally, Benchmark Co. upped their price objective on shares of Activision Blizzard from $71.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Activision Blizzard has a consensus rating of “Buy” and a consensus price target of $68.68.

Activision Blizzard, Inc (NASDAQ:ATVI) opened at $65.14 on Thursday. The stock has a market cap of $48,768.42, a price-to-earnings ratio of 29.32, a P/E/G ratio of 2.26 and a beta of 1.07. Activision Blizzard, Inc has a 12 month low of $35.12 and a 12 month high of $67.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.12% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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