San Francisco Sentry Investment Group CA Sells 3,380 Shares of Activision Blizzard, Inc. (ATVI)

San Francisco Sentry Investment Group CA cut its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 15.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,440 shares of the company’s stock after selling 3,380 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in Activision Blizzard were worth $1,189,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Cornerstone Advisors Inc. lifted its position in Activision Blizzard by 321.5% in the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after purchasing an additional 1,180 shares during the last quarter. Grove Bank & Trust lifted its position in Activision Blizzard by 261.7% in the 3rd quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock valued at $140,000 after purchasing an additional 1,570 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Activision Blizzard in the 2nd quarter valued at about $142,000. Bronfman E.L. Rothschild L.P. lifted its position in Activision Blizzard by 16.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after purchasing an additional 363 shares during the last quarter. Finally, Phocas Financial Corp. bought a new stake in Activision Blizzard in the 2nd quarter valued at about $173,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $63.64, for a total value of $1,257,590.04. Following the completion of the transaction, the chief executive officer now directly owns 41,435 shares in the company, valued at $2,636,923.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.12% of the company’s stock.

Several analysts recently weighed in on the stock. Vetr downgraded shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.27 price objective on the stock. in a research report on Monday, November 20th. Morgan Stanley lifted their price objective on shares of Activision Blizzard from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, November 3rd. Barclays assumed coverage on shares of Activision Blizzard in a research report on Wednesday, October 4th. They issued an “equal weight” rating and a $65.00 price objective on the stock. Argus reiterated a “buy” rating and issued a $70.00 price objective (up from $65.00) on shares of Activision Blizzard in a research report on Wednesday, August 16th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Activision Blizzard in a research note on Sunday, September 10th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $68.71.

Activision Blizzard, Inc. (ATVI) opened at $61.96 on Friday. Activision Blizzard, Inc. has a fifty-two week low of $35.12 and a fifty-two week high of $67.03. The company has a market cap of $47,180.61, a PE ratio of 28.36, a price-to-earnings-growth ratio of 2.17 and a beta of 1.04. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44.

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Activision Blizzard 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.

Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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