Capital Bank & Trust Co decreased its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 441,802 shares of the company’s stock after selling 13,494 shares during the quarter. Capital Bank & Trust Co owned about 0.06% of Activision Blizzard worth $28,501,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Cornerstone Advisors Inc. lifted its position in Activision Blizzard by 321.5% during 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 during the period. Grove Bank & Trust lifted its position in Activision Blizzard by 261.7% during 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 during the period. Bronfman E.L. Rothschild L.P. lifted its position in Activision Blizzard by 16.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after buying an additional 363 shares during the period. Phocas Financial Corp. purchased a new position in Activision Blizzard during the second quarter valued at $173,000. Finally, BB&T Investment Services Inc. purchased a new position in Activision Blizzard during the second quarter valued at $189,000. 86.48% of the stock is owned by institutional investors.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the company’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 sale, the chief executive officer now directly owns 41,435 shares in the company, valued at approximately $2,636,923.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.12% of the stock is currently owned by corporate insiders.
Several equities analysts have recently weighed in on ATVI shares. BTIG Research started coverage on Activision Blizzard in a report on Monday, December 18th. They set a “buy” rating and a $80.00 price target for the company. BidaskClub upgraded Activision Blizzard from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Goldman Sachs Group began coverage on Activision Blizzard in a report on Friday, September 8th. They issued a “neutral” rating and a $65.00 price objective for the company. KeyCorp reiterated a “buy” rating and issued a $74.00 price objective on shares of Activision Blizzard in a report on Friday, September 8th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $62.00 price objective on shares of Activision Blizzard in a report on Thursday, November 2nd. Five research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $69.39.
Shares of Activision Blizzard, Inc. (NASDAQ ATVI) traded up $0.99 during trading on Tuesday, reaching $64.31. The company’s stock had a trading volume of 5,140,000 shares, compared to its average volume of 5,510,000. The company has a market cap of $48,620.00, a P/E ratio of 44.05, a PEG ratio of 2.19 and a beta of 1.03. 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 $35.95 and a 12 month high of $67.40.
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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.
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