Activision Blizzard, Inc. (ATVI) Shares Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC raised its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 540.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,611 shares of the company’s stock after acquiring an additional 52,832 shares during the quarter. Activision Blizzard makes up 0.7% of Boothbay Fund Management LLC’s portfolio, making the stock its 28th biggest position. Boothbay Fund Management LLC’s holdings in Activision Blizzard were worth $4,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cornerstone Advisors Inc. lifted its position in shares of 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 last quarter. Grove Bank & Trust lifted its position in shares of 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 last quarter. Shine Investment Advisory Services Inc. bought a new position in shares of Activision Blizzard in the 2nd quarter worth about $142,000. Bronfman E.L. Rothschild L.P. lifted its position in shares of 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 last quarter. Finally, Phocas Financial Corp. bought a new position in shares of Activision Blizzard in the 2nd quarter worth about $173,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

ATVI has been the topic of a number of recent research reports. Stifel Nicolaus restated a “buy” rating on shares of Activision Blizzard in a research report on Sunday, September 10th. Wedbush set a $75.00 price target on shares of Activision Blizzard and gave the stock a “buy” rating in a research report on Thursday, October 26th. Piper Jaffray Companies restated an “overweight” rating and issued a $69.00 price target on shares of Activision Blizzard in a research report on Friday, September 8th. Vetr upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.58 price target on the stock in a research report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target on the stock in a research report on Friday, October 27th. Five research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Activision Blizzard has an average rating of “Buy” and a consensus target price of $68.71.

Activision Blizzard, Inc. (NASDAQ ATVI) opened at $60.75 on Thursday. The company has a market cap of $45,025.73, a PE ratio of 27.07, a price-to-earnings-growth ratio of 2.07 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25. Activision Blizzard, Inc. has a 52 week low of $35.86 and a 52 week high of $67.03.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction dated 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 owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.12% of the stock is currently owned by company insiders.

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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.

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

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