CIBC World Markets Inc. acquired a new position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,049 shares of the company’s stock, valued at approximately $1,396,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Cornerstone Advisors Inc. grew its stake in Activision Blizzard by 321.5% during the third quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock worth $100,000 after purchasing an additional 1,180 shares during the period. Grove Bank & Trust grew its stake in Activision Blizzard by 261.7% during the third quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock worth $140,000 after purchasing an additional 1,570 shares during the period. Phocas Financial Corp. acquired a new stake in Activision Blizzard during the second quarter worth approximately $173,000. BB&T Investment Services Inc. acquired a new stake in Activision Blizzard during the second quarter worth approximately $189,000. Finally, Exane Derivatives grew its stake in Activision Blizzard by 15,900.0% during the fourth quarter. Exane Derivatives now owns 3,040 shares of the company’s stock worth $192,000 after purchasing an additional 3,021 shares during the period. Institutional investors own 86.04% of the company’s stock.
Several research firms recently commented on ATVI. Stifel Nicolaus reaffirmed a “buy” rating and set a $77.00 target price on shares of Activision Blizzard in a research note on Thursday, February 1st. Credit Suisse Group reaffirmed a “buy” rating and set a $81.00 target price on shares of Activision Blizzard in a research note on Friday, January 26th. Vetr cut Activision Blizzard from a “hold” rating to a “sell” rating and set a $69.79 target price for the company. in a research note on Monday, January 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $80.00 target price (up previously from $75.00) on shares of Activision Blizzard in a research note on Wednesday, January 31st. Finally, SunTrust Banks set a $77.00 target price on Activision Blizzard and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Six analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $71.01.
Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $67.98 on Tuesday. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44. Activision Blizzard, Inc. has a one year low of $38.93 and a one year high of $74.94. The company has a market capitalization of $54,000.63, a P/E ratio of 32.46, a price-to-earnings-growth ratio of 2.09 and a beta of 1.11.
In related news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard 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 transaction, the chief executive officer now 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 link. Company insiders own 2.12% of the company’s stock.
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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