DnB Asset Management AS boosted its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 79,753 shares of the company’s stock after purchasing an additional 1,800 shares during the quarter. DnB Asset Management AS’s holdings in Activision Blizzard were worth $5,050,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. New England Research & Management Inc. lifted its position in Activision Blizzard by 17.0% in the fourth quarter. New England Research & Management Inc. now owns 5,850 shares of the company’s stock worth $370,000 after purchasing an additional 850 shares during the period. Abner Herrman & Brock LLC lifted its position in Activision Blizzard by 12.1% in the fourth quarter. Abner Herrman & Brock LLC now owns 97,168 shares of the company’s stock worth $6,153,000 after purchasing an additional 10,526 shares during the period. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in Activision Blizzard in the fourth quarter worth approximately $1,171,000. Prudential Financial Inc. lifted its position in Activision Blizzard by 108.6% in the third quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock worth $205,444,000 after purchasing an additional 1,657,730 shares during the period. Finally, Atlantic Trust Group LLC lifted its position in Activision Blizzard by 41.8% in the third quarter. Atlantic Trust Group LLC now owns 40,045 shares of the company’s stock worth $2,584,000 after purchasing an additional 11,796 shares during the period. Hedge funds and other institutional investors own 86.48% of the company’s stock.
Shares of Activision Blizzard, Inc. (NASDAQ ATVI) opened at $70.36 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25. Activision Blizzard, Inc. has a one year low of $38.38 and a one year high of $70.71. The stock has a market cap of $52,352.33, a price-to-earnings ratio of 48.19, a price-to-earnings-growth ratio of 2.03 and a beta of 1.02.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the business’s 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 sale, the chief executive officer now directly owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.12% of the stock is owned by insiders.
ATVI has been the subject of a number of research analyst reports. Buckingham Research initiated coverage on Activision Blizzard in a research report on Wednesday, September 20th. They issued a “buy” rating and a $79.00 target price for the company. BMO Capital Markets restated a “market perform” rating and issued a $62.00 target price (up from $60.00) on shares of Activision Blizzard in a research report on Wednesday, September 20th. Robert W. Baird reiterated an “outperform” rating and set a $68.00 price objective on shares of Activision Blizzard in a research report on Wednesday, September 20th. Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.25 price objective for the company in a research report on Wednesday, September 27th. Finally, Barclays began coverage on Activision Blizzard in a research report on Wednesday, October 4th. They set an “equal weight” rating and a $65.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $69.91.
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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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