Penserra Capital Management LLC cut its position in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 87.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,366 shares of the company’s stock after selling 30,005 shares during the quarter. Penserra Capital Management LLC’s holdings in Activision Blizzard were worth $276,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Activision Blizzard by 0.5% during the second quarter. BlackRock Inc. now owns 49,147,427 shares of the company’s stock worth $2,829,418,000 after purchasing an additional 235,362 shares during the period. Vanguard Group Inc. raised its stake in shares of Activision Blizzard by 4.8% in the second quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock valued at $2,786,211,000 after acquiring an additional 2,200,995 shares during the last quarter. State Street Corp raised its stake in shares of Activision Blizzard by 4.7% in the second quarter. State Street Corp now owns 26,680,585 shares of the company’s stock valued at $1,536,010,000 after acquiring an additional 1,197,980 shares during the last quarter. Capital World Investors raised its stake in shares of Activision Blizzard by 23.8% in the second quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock valued at $1,297,513,000 after acquiring an additional 4,327,000 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Activision Blizzard by 82.6% in the second quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock valued at $1,283,097,000 after acquiring an additional 10,083,717 shares during the last quarter. 86.27% of the stock is currently owned by institutional investors and hedge funds.
Activision Blizzard, Inc (NASDAQ ATVI) opened at 65.49 on Wednesday. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $66.58. The firm’s 50-day moving average is $63.15 and its 200 day moving average is $60.02. The stock has a market capitalization of $49.44 billion, a price-to-earnings ratio of 44.22 and a beta of 1.10.
A number of analysts recently weighed in on the stock. Stifel Nicolaus reissued a “buy” rating on shares of Activision Blizzard in a report on Sunday, September 10th. Wedbush set a $75.00 price target on shares of Activision Blizzard and gave the company a “buy” rating in a report on Thursday, October 26th. Piper Jaffray Companies reissued an “overweight” rating and issued a $69.00 price target on shares of Activision Blizzard in a report on Friday, September 8th. Vetr raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.58 target price for the company in a report on Tuesday, October 10th. Finally, Cowen and Company lowered shares of Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 target price for the company. in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Activision Blizzard presently has a consensus rating of “Buy” and an average target price of $67.91.
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In other news, Director Brian G. Kelly sold 111,239 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $62.44, for a total transaction of $6,945,763.16. Following the completion of the transaction, the director now directly owns 189,791 shares in the company, valued at approximately $11,850,550.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brian G. Kelly sold 3,685,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $61.93, for a total value of $228,212,050.00. Following the transaction, the director now owns 189,791 shares of the company’s stock, valued at $11,753,756.63. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,074,879 shares of company stock valued at $252,196,001. 2.12% of the stock is owned by company insiders.
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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