Chevy Chase Trust Holdings Inc. lifted its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 10.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 660,786 shares of the company’s stock after purchasing an additional 61,084 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.09% of Activision Blizzard worth $42,627,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. grew its stake in Activision Blizzard by 321.5% in the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after buying an additional 1,180 shares during the last quarter. Grove Bank & Trust grew its stake in Activision Blizzard by 261.7% in the 3rd quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock valued at $140,000 after buying an additional 1,570 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake 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 valued at $150,000 after buying an additional 363 shares during the last quarter. Phocas Financial Corp. acquired a new position in Activision Blizzard in the 2nd quarter valued at about $173,000. Finally, BB&T Investment Services Inc. acquired a new position in Activision Blizzard in the 2nd quarter valued at about $189,000. Institutional investors own 86.57% of the company’s stock.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.12% of the company’s stock.
Shares of Activision Blizzard, Inc. (NASDAQ ATVI) opened at $62.43 on Friday. Activision Blizzard, Inc. has a twelve month low of $35.86 and a twelve month high of $67.03. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44. The firm has a market cap of $45,933.05, a P/E ratio of 27.61, a PEG ratio of 2.11 and a beta of 1.03.
A number of research analysts recently commented on ATVI shares. BidaskClub upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research note on Saturday, August 19th. Argus reiterated a “buy” rating and issued a $70.00 price target (up previously from $65.00) on shares of Activision Blizzard in a research note on Wednesday, August 16th. KeyCorp reiterated a “buy” rating and issued a $74.00 price target on shares of Activision Blizzard in a research note on Friday, September 8th. Buckingham Research started coverage on shares of Activision Blizzard in a research note on Wednesday, September 20th. They issued a “buy” rating and a $79.00 price target on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Activision Blizzard in a research note on Sunday, September 10th. Five equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $68.71.
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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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