Activision Blizzard, Inc. (ATVI) Holdings Decreased by Capital One National Association
Capital One National Association lowered its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 6.4% during the 4th quarter, HoldingsChannel reports. The fund owned 54,797 shares of the company’s stock after selling 3,751 shares during the quarter. Capital One National Association’s holdings in Activision Blizzard were worth $3,469,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. AGF Investments Inc. raised its holdings in shares of Activision Blizzard by 47.3% in the 4th quarter. AGF Investments Inc. now owns 1,110,395 shares of the company’s stock valued at $70,310,000 after acquiring an additional 356,647 shares in the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of Activision Blizzard by 4.6% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 42,359 shares of the company’s stock valued at $2,682,000 after acquiring an additional 1,854 shares in the last quarter. NuWave Investment Management LLC purchased a new stake in shares of Activision Blizzard in the 4th quarter valued at about $222,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Activision Blizzard by 4.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 26,925 shares of the company’s stock valued at $1,704,000 after acquiring an additional 1,267 shares in the last quarter. Finally, Whittier Trust Co. raised its holdings in shares of Activision Blizzard by 3.1% during the 4th quarter. Whittier Trust Co. now owns 129,192 shares of the company’s stock valued at $8,179,000 after buying an additional 3,877 shares in the last quarter. 85.61% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Activision Blizzard, Inc. (NASDAQ ATVI) opened at $68.32 on Tuesday. The firm has a market capitalization of $50,719.16, a P/E ratio of 30.22, a PEG ratio of 1.85 and a beta of 1.11. Activision Blizzard, Inc. has a 1 year low of $44.47 and a 1 year high of $74.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.78 and a quick ratio of 1.77.
In other news, CEO of King Digital Entertainment Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction that occurred 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 sale, the insider now directly owns 41,435 shares in the company, valued at approximately $2,636,923.40. The sale was disclosed in a filing with the SEC, which is available through this link. 2.12% of the stock is currently owned by company insiders.
ATVI has been the topic of a number of research reports. KeyCorp reissued a “buy” rating and set a $74.00 price objective on shares of Activision Blizzard in a report on Tuesday, October 17th. Vetr cut Activision Blizzard from a “buy” rating to a “hold” rating and set a $59.97 price objective on the stock. in a report on Monday, October 23rd. Wedbush set a $75.00 price objective on Activision Blizzard and gave the company a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective on the stock in a report on Friday, October 27th. Finally, SunTrust Banks set a $72.00 price objective on Activision Blizzard and gave the company a “buy” rating in a report on Sunday, October 29th. Six investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $71.75.
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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