Fisher Asset Management LLC raised its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 7.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,199 shares of the company’s stock after buying an additional 424 shares during the period. Fisher Asset Management LLC’s holdings in Activision Blizzard were worth $357,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in ATVI. BlackRock Inc. raised its position in Activision Blizzard by 3,032.9% in the first quarter. BlackRock Inc. now owns 48,912,065 shares of the company’s stock valued at $2,438,753,000 after buying an additional 47,350,818 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Activision Blizzard by 110,271.4% in the first quarter. Jennison Associates LLC now owns 12,179,488 shares of the company’s stock valued at $607,269,000 after buying an additional 12,168,453 shares during the period. Egerton Capital UK LLP raised its stake in shares of Activision Blizzard by 225.7% in the first quarter. Egerton Capital UK LLP now owns 12,219,008 shares of the company’s stock valued at $609,240,000 after buying an additional 8,467,902 shares during the period. Caxton Associates LP bought a new stake in shares of Activision Blizzard during the first quarter valued at about $149,610,000. Finally, Iridian Asset Management LLC CT bought a new stake in shares of Activision Blizzard during the first quarter valued at about $148,547,000. 87.37% of the stock is currently owned by institutional investors.
Shares of Activision Blizzard, Inc (NASDAQ ATVI) opened at 60.74 on Friday. The company’s 50 day moving average price is $60.30 and its 200-day moving average price is $53.02. The firm has a market cap of $45.85 billion, a price-to-earnings ratio of 41.01 and a beta of 1.07. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $64.06.
Several analysts recently issued reports on the stock. Piper Jaffray Companies restated an “overweight” rating and issued a $69.00 price objective on shares of Activision Blizzard in a report on Friday, August 4th. Wedbush boosted their price target on shares of Activision Blizzard to $3.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Benchmark Co. boosted their price target on shares of Activision Blizzard from $71.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Bank of America Corporation raised Activision Blizzard from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $65.00 to $76.00 in a research report on Friday, August 4th. Finally, UBS AG boosted their price objective on Activision Blizzard from $67.00 to $72.00 and gave the stock a “buy” rating in a research report on Sunday, August 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $62.36.
In other Activision Blizzard news, Director Brian G. Kelly sold 3,685,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $61.93, for a total value of $228,212,050.00. Following the transaction, the director now directly owns 189,791 shares in the company, valued at approximately $11,753,756.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO of King Digital Riccardo Zacconi sold 19,761 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $55.45, for a total value of $1,095,747.45. Following the completion of the transaction, the insider now directly owns 55,509 shares in the company, valued at approximately $3,077,974.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,914,879 shares of company stock worth $242,371,204. Corporate insiders own 2.12% of the company’s stock.
About Activision Blizzard
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.
Receive News & Ratings for Activision Blizzard Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard Inc and related companies with MarketBeat.com's FREE daily email newsletter.