MUFG Securities EMEA plc Buys New Holdings in Activision Blizzard, Inc (ATVI)
MUFG Securities EMEA plc bought a new stake in Activision Blizzard, Inc (NASDAQ:ATVI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 100,000 shares of the company’s stock, valued at approximately $6,451,000.
Other large investors also recently added to or reduced their stakes in the company. Allen Investment Management LLC purchased a new stake in shares of Activision Blizzard in the second quarter valued at approximately $2,095,000. Pacad Investment Ltd. boosted its stake in shares of Activision Blizzard by 131.0% in the second quarter. Pacad Investment Ltd. now owns 119,447 shares of the company’s stock valued at $6,877,000 after buying an additional 67,742 shares in the last quarter. Norinchukin Bank The boosted its stake in shares of Activision Blizzard by 7.1% in the second quarter. Norinchukin Bank The now owns 48,118 shares of the company’s stock valued at $2,770,000 after buying an additional 3,170 shares in the last quarter. Brighton Jones LLC purchased a new stake in shares of Activision Blizzard in the second quarter valued at approximately $508,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Activision Blizzard by 39.0% in the second quarter. The Manufacturers Life Insurance Company now owns 1,101,771 shares of the company’s stock valued at $63,430,000 after buying an additional 309,181 shares in the last quarter. 84.23% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently weighed in on ATVI shares. Stifel Nicolaus restated a “buy” rating on shares of Activision Blizzard in a research note on Sunday, September 10th. Wedbush set a $75.00 price target on Activision Blizzard and gave the company a “buy” rating in a research note on Thursday, October 26th. Piper Jaffray Companies restated an “overweight” rating and issued a $69.00 price target on shares of Activision Blizzard in a research note on Friday, September 8th. Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.58 price target on the stock in a research note on Tuesday, October 10th. Finally, Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target on the stock in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $68.68.
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Activision Blizzard, Inc (NASDAQ ATVI) traded up $0.64 on Thursday, reaching $65.14. The company’s stock had a trading volume of 5,728,800 shares, compared to its average volume of 6,765,197. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25. The stock has a market capitalization of $48,768.42, a P/E ratio of 29.32, a price-to-earnings-growth ratio of 2.26 and a beta of 1.07. Activision Blizzard, Inc has a one year low of $35.12 and a one year high of $67.03.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $63.64, for a total value of $1,257,590.04. Following the completion of the transaction, the chief executive officer now directly owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.
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