Zweig DiMenna Associates LLC acquired a new stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,400 shares of the company’s stock, valued at approximately $284,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. boosted its holdings in shares of Activision Blizzard by 321.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after purchasing an additional 1,180 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in shares of Activision Blizzard during the 2nd quarter valued at about $142,000. Huntington National Bank raised its position in shares of Activision Blizzard by 122.6% during the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after buying an additional 1,366 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Activision Blizzard by 16.2% during 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 in the last quarter. Finally, Phocas Financial Corp. purchased a new stake in shares of Activision Blizzard during the 2nd quarter valued at about $173,000. 86.15% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently issued reports on ATVI shares. Cowen and Company cut shares of Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 target price on the stock. in a research report on Monday, October 9th. Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 target price on the stock in a research report on Friday, October 27th. Piper Jaffray Companies restated an “overweight” rating and set a $69.00 target price on shares of Activision Blizzard in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) started coverage on shares of Activision Blizzard in a research report on Friday, September 8th. They set a “neutral” rating and a $65.00 target price on the stock. Finally, Vetr cut shares of Activision Blizzard from a “buy” rating to a “hold” rating and set a $59.97 target price on the stock. in a research report on Monday, October 23rd. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $68.75.
Shares of Activision Blizzard, Inc (ATVI) opened at $63.62 on Tuesday. The firm has a market cap of $48,100.00, a P/E ratio of 28.64, a price-to-earnings-growth ratio of 2.20 and a beta of 1.06. Activision Blizzard, Inc has a one year low of $35.12 and a one year high of $67.03. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $61.32, for a total value of $1,211,744.52. Following the completion of the sale, the chief executive officer now directly owns 48,472 shares in the company, valued at $2,972,303.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.12% of the stock is owned by company insiders.
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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.
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