Vident Investment Advisory LLC Takes $838,000 Position in Activision Blizzard, Inc. (ATVI)

Vident Investment Advisory LLC bought a new position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,986 shares of the company’s stock, valued at approximately $838,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ATVI. Bessemer Group Inc. lifted its holdings in shares of Activision Blizzard by 12.3% during the 2nd quarter. Bessemer Group Inc. now owns 6,460 shares of the company’s stock valued at $372,000 after purchasing an additional 710 shares in the last quarter. Pitcairn Co. bought a new position in shares of Activision Blizzard during the 2nd quarter valued at about $249,000. Advisors Asset Management Inc. lifted its holdings in shares of Activision Blizzard by 8.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 9,648 shares of the company’s stock valued at $555,000 after purchasing an additional 716 shares in the last quarter. Dupont Capital Management Corp bought a new position in shares of Activision Blizzard during the 2nd quarter valued at about $216,000. Finally, LMR Partners LLP bought a new position in shares of Activision Blizzard during the 2nd quarter valued at about $1,527,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

Activision Blizzard, Inc. (ATVI) opened at $65.03 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. The firm has a market capitalization of $48,692.81, a P/E ratio of 29.27, a P/E/G ratio of 2.24 and a beta of 1.03. Activision Blizzard, Inc. has a 1-year low of $35.86 and a 1-year high of $67.03.

Several research firms have recently weighed in on ATVI. Goldman Sachs Group began coverage on Activision Blizzard in a report on Friday, September 8th. They set a “neutral” rating and a $65.00 price objective on the stock. KeyCorp reiterated a “buy” rating and set a $74.00 price objective on shares of Activision Blizzard in a report on Friday, September 8th. Vetr cut Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 price objective on the stock. in a report on Thursday, August 31st. BMO Capital Markets reiterated a “hold” rating and set a $62.00 price objective on shares of Activision Blizzard in a report on Thursday, November 2nd. Finally, Robert W. Baird reiterated an “outperform” rating and set a $68.00 price objective on shares of Activision Blizzard in a report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, four have given 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 currently has a consensus rating of “Buy” and an average price target of $68.71.

In related 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 transaction, the chief executive officer now directly owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.12% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: “Vident Investment Advisory LLC Takes $838,000 Position in Activision Blizzard, Inc. (ATVI)” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/12/15/vident-investment-advisory-llc-takes-838000-position-in-activision-blizzard-inc-atvi.html.

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.

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

Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply