Gofen & Glossberg LLC IL bought a new stake in Activision Blizzard, Inc. (NASDAQ:ATVI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 10,606 shares of the company’s stock, valued at approximately $672,000.

A number of other institutional investors have also added to or reduced their stakes in ATVI. Cornerstone Advisors Inc. increased its position in shares of Activision Blizzard by 321.5% in the third quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after buying an additional 1,180 shares in the last quarter. Grove Bank & Trust increased its position in shares of Activision Blizzard by 261.7% in the third quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock valued at $140,000 after buying an additional 1,570 shares in the last quarter. Phocas Financial Corp. purchased a new position in shares of Activision Blizzard in the second quarter valued at $173,000. BB&T Investment Services Inc. purchased a new position in shares of Activision Blizzard in the second quarter valued at $189,000. Finally, Yorktown Management & Research Co Inc purchased a new position in shares of Activision Blizzard in the second quarter valued at $201,000. 86.49% of the stock is owned by institutional investors.

Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $70.36 on Thursday. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $53,200.00, a PE ratio of 48.19, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02. Activision Blizzard, Inc. has a fifty-two week low of $38.38 and a fifty-two week high of $71.18.

Activision Blizzard (NASDAQ:ATVI) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.45 by $0.11. Activision Blizzard had a return on equity of 17.56% and a net margin of 15.90%. equities research analysts forecast that Activision Blizzard, Inc. will post 2.1 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on ATVI shares. Buckingham Research started coverage on Activision Blizzard in a research report on Wednesday, September 20th. They issued a “buy” rating and a $79.00 price target for the company. BMO Capital Markets restated a “market perform” rating and issued a $62.00 price target (up previously from $60.00) on shares of Activision Blizzard in a research report on Wednesday, September 20th. Robert W. Baird restated an “outperform” rating and issued a $68.00 price target on shares of Activision Blizzard in a research report on Wednesday, September 20th. Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.25 price objective for the company in a research report on Wednesday, September 27th. Finally, Barclays began coverage on Activision Blizzard in a research report on Wednesday, October 4th. They set an “equal weight” rating and a $65.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $69.91.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction dated 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 sale, the chief executive officer now owns 41,435 shares in the company, valued at approximately $2,636,923.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.12% of the stock is owned by 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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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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