Nomura Asset Management Co. Ltd. increased its stake in Activision Blizzard, Inc. (NASDAQ:ATVI) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 98,374 shares of the company’s stock after purchasing an additional 3,799 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Activision Blizzard were worth $6,346,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Cornerstone Advisors Inc. increased its position in Activision Blizzard by 321.5% in the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock worth $100,000 after buying an additional 1,180 shares during the period. Grove Bank & Trust increased its position in Activision Blizzard by 261.7% in the 3rd quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock worth $140,000 after buying an additional 1,570 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in Activision Blizzard by 16.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after buying an additional 363 shares during the period. Phocas Financial Corp. bought a new position in Activision Blizzard in the 2nd quarter worth approximately $173,000. Finally, BB&T Investment Services Inc. bought a new position in Activision Blizzard in the 2nd quarter worth approximately $189,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.
Shares of Activision Blizzard, Inc. (ATVI) opened at $61.57 on Friday. The stock has a market capitalization of $46,750.00, a P/E ratio of 27.07, a PEG ratio of 2.07 and a beta of 1.03. 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 1 year low of $35.86 and a 1 year high of $67.03.
Several brokerages have commented on ATVI. Vetr raised Activision Blizzard from a “sell” rating to a “hold” rating and set a $62.29 price target on the stock in a research report on Wednesday, November 29th. Robert W. Baird reaffirmed an “outperform” rating and issued a $68.00 price target (up from $60.00) on shares of Activision Blizzard in a research report on Thursday, August 10th. BidaskClub raised Activision Blizzard from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $62.00 price target (up from $60.00) on shares of Activision Blizzard in a research report on Wednesday, September 20th. Finally, Hilliard Lyons raised Activision Blizzard from an “underperform” rating to a “neutral” rating in a research report on Wednesday, November 8th. Five research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $68.71.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the business’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 transaction of $1,257,590.04. Following the sale, the chief executive officer now directly owns 41,435 shares in the company, valued at $2,636,923.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.12% of the company’s stock.
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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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