Rational Advisors LLC bought a new position in 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 bought 18,661 shares of the company’s stock, valued at approximately $1,204,000.

Several other large investors have also recently made changes to their positions in the company. Macquarie Group Ltd. raised its position in shares of Activision Blizzard by 0.4% in the 2nd quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock worth $711,000 after acquiring an additional 45 shares in the last quarter. D.A. Davidson & CO. increased its position in Activision Blizzard by 0.7% during the 2nd quarter. D.A. Davidson & CO. now owns 8,926 shares of the company’s stock valued at $513,000 after buying an additional 58 shares in the last quarter. Accuvest Global Advisors increased its position in Activision Blizzard by 2.0% during the 2nd quarter. Accuvest Global Advisors now owns 9,758 shares of the company’s stock valued at $562,000 after buying an additional 194 shares in the last quarter. Commerce Bank increased its position in Activision Blizzard by 1.7% during the 2nd quarter. Commerce Bank now owns 11,883 shares of the company’s stock valued at $684,000 after buying an additional 199 shares in the last quarter. Finally, First National Bank of Hutchinson increased its position in Activision Blizzard by 2.1% during the 2nd quarter. First National Bank of Hutchinson now owns 10,035 shares of the company’s stock valued at $612,000 after buying an additional 202 shares in the last quarter. 84.23% of the stock is owned by hedge funds and other institutional investors.

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Activision Blizzard, Inc (NASDAQ ATVI) traded down $0.14 during midday trading on Monday, reaching $63.96. The company had a trading volume of 1,094,532 shares, compared to its average volume of 6,799,605. The stock has a market capitalization of $48,190.00, a P/E ratio of 29.14, a PEG ratio of 2.24 and a beta of 1.06. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44. Activision Blizzard, Inc has a 12 month low of $35.12 and a 12 month high of $67.03.

ATVI has been the subject of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating on shares of Activision Blizzard in a research report on Sunday, September 10th. Wedbush set a $75.00 price objective on Activision Blizzard and gave the company a “buy” rating in a research report on Thursday, October 26th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $69.00 price objective on shares of Activision Blizzard in a research report on Friday, September 8th. Vetr raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.58 price objective for the company in a research report on Tuesday, October 10th. Finally, Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective for the company in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $68.68.

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.

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

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