Coldstream Capital Management Inc. Reduces Position in Activision Blizzard, Inc. (NASDAQ:ATVI)
Coldstream Capital Management Inc. decreased its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 93.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,538 shares of the company’s stock after selling 47,869 shares during the period. Coldstream Capital Management Inc.’s holdings in Activision Blizzard were worth $210,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Baird Financial Group Inc. boosted its position in Activision Blizzard by 5.4% during the 4th quarter. Baird Financial Group Inc. now owns 180,964 shares of the company’s stock valued at $10,753,000 after buying an additional 9,323 shares during the period. Bamco Inc. NY boosted its holdings in shares of Activision Blizzard by 104.6% during the fourth quarter. Bamco Inc. NY now owns 490,876 shares of the company’s stock worth $29,168,000 after purchasing an additional 250,950 shares during the period. IBM Retirement Fund grew its stake in shares of Activision Blizzard by 51.5% in the first quarter. IBM Retirement Fund now owns 19,782 shares of the company’s stock worth $1,177,000 after purchasing an additional 6,727 shares during the last quarter. Franklin Resources Inc. increased its holdings in Activision Blizzard by 23.3% during the 4th quarter. Franklin Resources Inc. now owns 8,253 shares of the company’s stock valued at $490,000 after purchasing an additional 1,560 shares during the period. Finally, Amalgamated Bank increased its holdings in Activision Blizzard by 6.6% during the 4th quarter. Amalgamated Bank now owns 115,812 shares of the company’s stock valued at $6,882,000 after purchasing an additional 7,204 shares during the period. 87.16% of the stock is currently owned by institutional investors.
Shares of ATVI stock traded down $0.43 during mid-day trading on Friday, hitting $75.78. The company’s stock had a trading volume of 1,827,146 shares, compared to its average volume of 7,715,610. The stock has a market cap of $58.72 billion, a price-to-earnings ratio of 37.73, a PEG ratio of 1.60 and a beta of 0.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.78 and a current ratio of 2.78. Activision Blizzard, Inc. has a 52-week low of $44.81 and a 52-week high of $77.63. The business has a 50-day moving average price of $72.90 and a 200 day moving average price of $63.37.
In other Activision Blizzard news, Director Brian G. Kelly sold 50,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $73.28, for a total transaction of $3,664,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Collister Johnson sold 24,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $72.31, for a total value of $1,735,440.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 324,000 shares of company stock worth $23,504,440. 1.29% of the stock is owned by corporate insiders.
Several equities analysts have recently issued reports on the company. Wedbush boosted their target price on Activision Blizzard from $76.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Wells Fargo & Co started coverage on shares of Activision Blizzard in a research report on Sunday, April 19th. They set an “overweight” rating and a $75.00 price objective on the stock. Benchmark upped their price objective on shares of Activision Blizzard from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Robert W. Baird lifted their target price on shares of Activision Blizzard from $61.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $81.00 price target on shares of Activision Blizzard in a research note on Monday, May 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $74.59.
About Activision Blizzard
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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