Fiduciary Group LLC acquired a new position in Activision Blizzard, Inc. (NASDAQ:ATVI) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,603 shares of the company’s stock, valued at approximately $214,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of ATVI. AlphaCore Capital LLC bought a new position in Activision Blizzard in the 1st quarter worth $27,000. HighMark Wealth Management LLC bought a new position in Activision Blizzard in the 4th quarter worth $29,000. Global Retirement Partners LLC raised its holdings in Activision Blizzard by 77.2% in the 4th quarter. Global Retirement Partners LLC now owns 576 shares of the company’s stock worth $34,000 after purchasing an additional 251 shares in the last quarter. Belmont Capital LLC bought a new position in Activision Blizzard in the 1st quarter worth $34,000. Finally, Hoey Investments Inc. raised its holdings in Activision Blizzard by 165.2% in the 1st quarter. Hoey Investments Inc. now owns 602 shares of the company’s stock worth $36,000 after purchasing an additional 375 shares in the last quarter. Institutional investors and hedge funds own 88.30% of the company’s stock.
Shares of ATVI traded up $0.61 on Friday, reaching $73.08. The company’s stock had a trading volume of 5,141,091 shares, compared to its average volume of 8,700,122. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.78 and a quick ratio of 2.78. The stock has a market capitalization of $55.84 billion, a P/E ratio of 36.18, a PEG ratio of 1.55 and a beta of 0.60. The stock’s 50 day simple moving average is $66.84 and its two-hundred day simple moving average is $60.22. Activision Blizzard, Inc. has a 12-month low of $41.84 and a 12-month high of $75.97.
In related news, insider Collister Johnson sold 24,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $72.31, for a total value of $1,735,440.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Jesse Yang acquired 500 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of $73.00 per share, for a total transaction of $36,500.00. Following the acquisition, the chief accounting officer now owns 500 shares of the company’s stock, valued at approximately $36,500. The disclosure for this purchase can be found here. In the last three months, insiders sold 483,452 shares of company stock worth $32,274,300. 1.29% of the stock is currently owned by insiders.
Several research analysts recently issued reports on ATVI shares. BMO Capital Markets increased their price target on shares of Activision Blizzard from $70.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. KeyCorp increased their price target on shares of Activision Blizzard from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. increased their price target on shares of Activision Blizzard from $68.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Needham & Company LLC reiterated a “buy” rating and issued a $75.00 price target on shares of Activision Blizzard in a research note on Wednesday, May 6th. Finally, Berenberg Bank upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Wednesday, March 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $72.88.
About Activision Blizzard
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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