National Asset Management Inc. Acquires 11,122 Shares of Activision Blizzard, Inc. (ATVI)

National Asset Management Inc. raised its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 194.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,839 shares of the company’s stock after purchasing an additional 11,122 shares during the quarter. National Asset Management Inc.’s holdings in Activision Blizzard were worth $1,087,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ATVI. Cornerstone Advisors Inc. boosted its holdings in Activision Blizzard by 321.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock worth $100,000 after acquiring an additional 1,180 shares during the last quarter. Grove Bank & Trust boosted its holdings in Activision Blizzard by 261.7% during the 3rd quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock worth $140,000 after acquiring an additional 1,570 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in Activision Blizzard during the 2nd quarter worth $142,000. Bronfman E.L. Rothschild L.P. boosted its holdings in Activision Blizzard by 16.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after acquiring an additional 363 shares during the last quarter. Finally, Phocas Financial Corp. purchased a new position in Activision Blizzard during the 2nd quarter worth $173,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction dated 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 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 at this hyperlink. Insiders own 2.12% of the company’s stock.

ATVI has been the topic of a number of analyst reports. UBS lifted their price objective on shares of Activision Blizzard from $67.00 to $72.00 and gave the stock a “buy” rating in a report on Sunday, August 6th. Cowen reaffirmed an “outperform” rating and set a $66.00 price objective (up from $59.00) on shares of Activision Blizzard in a report on Wednesday, August 9th. Jefferies Group reissued a “buy” rating and issued a $78.00 price target (up from $68.00) on shares of Activision Blizzard in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target on the stock in a report on Wednesday, August 9th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $74.00 price target (up from $67.00) on shares of Activision Blizzard in a report on Wednesday, August 9th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $68.71.

Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $61.96 on Monday. Activision Blizzard, Inc. has a 52 week low of $35.12 and a 52 week high of $67.03. The stock has a market capitalization of $46,847.95, a PE ratio of 28.16, a P/E/G ratio of 2.15 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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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.

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

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