Parkwood LLC purchased a new position in Activision Blizzard, Inc (NASDAQ:ATVI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,319 shares of the company’s stock, valued at approximately $479,000.
Several other large investors have also recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Activision Blizzard by 4.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 598,486 shares of the company’s stock worth $29,841,000 after buying an additional 24,840 shares during the last quarter. Rathbone Brothers plc boosted its stake in Activision Blizzard by 1.8% in the first quarter. Rathbone Brothers plc now owns 797,367 shares of the company’s stock worth $39,757,000 after buying an additional 14,280 shares in the last quarter. Raymond James Trust N.A. bought a new stake in Activision Blizzard during the first quarter worth about $235,000. Waverton Investment Management Ltd boosted its stake in Activision Blizzard by 16.9% in the first quarter. Waverton Investment Management Ltd now owns 360,044 shares of the company’s stock worth $17,952,000 after buying an additional 52,010 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in Activision Blizzard by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 183,044 shares of the company’s stock worth $9,126,000 after buying an additional 2,600 shares in the last quarter. 87.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of Activision Blizzard, Inc (ATVI) opened at 62.01 on Friday. The stock’s 50 day moving average price is $60.72 and its 200 day moving average price is $53.83. The stock has a market cap of $46.81 billion, a PE ratio of 41.87 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 equities research analysts have issued reports on the stock. Cowen and Company lifted their target price on shares of Activision Blizzard from $51.00 to $59.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $69.00 target price on shares of Activision Blizzard in a research note on Friday, August 4th. Benchmark Co. lifted their target price 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. UBS AG lifted their price target on Activision Blizzard from $67.00 to $72.00 and gave the stock a “buy” rating in a report on Sunday, August 6th. Finally, MKM Partners reiterated a “neutral” rating and set a $48.00 price target (up previously from $44.00) on shares of Activision Blizzard in a report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have issued 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 currently has an average rating of “Buy” and a consensus price target of $62.56.
In related news, Director Brian G. Kelly sold 111,239 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $62.44, for a total transaction of $6,945,763.16. Following the sale, the director now directly owns 189,791 shares in the company, valued at approximately $11,850,550.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $61.32, for a total value of $1,211,744.52. Following the sale, the chief executive officer now owns 48,472 shares in the company, valued at $2,972,303.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,074,879 shares of company stock worth $252,196,001. 2.12% of the stock is owned by corporate insiders.
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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