Oppenheimer Asset Management Inc. boosted its stake in Activision Blizzard, Inc. (NASDAQ:ATVI) by 129.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 18,917 shares of the company’s stock after acquiring an additional 10,670 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Activision Blizzard were worth $1,220,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Bessemer Group Inc. lifted its holdings in Activision Blizzard by 12.3% in the 2nd quarter. Bessemer Group Inc. now owns 6,460 shares of the company’s stock valued at $372,000 after purchasing an additional 710 shares in the last quarter. Pitcairn Co. purchased a new position in Activision Blizzard in the 2nd quarter valued at $249,000. Advisors Asset Management Inc. lifted its holdings in Activision Blizzard by 8.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 9,648 shares of the company’s stock valued at $555,000 after purchasing an additional 716 shares in the last quarter. Dupont Capital Management Corp purchased a new position in Activision Blizzard in the 2nd quarter valued at $216,000. Finally, LMR Partners LLP purchased a new position in Activision Blizzard in the 2nd quarter valued at $1,527,000. 86.57% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on ATVI shares. Buckingham Research started coverage on Activision Blizzard in a report on Wednesday, September 20th. They set a “buy” rating and a $79.00 price target on the stock. Vetr upgraded Activision Blizzard from a “sell” rating to a “hold” rating and set a $62.29 price target on the stock in a report on Wednesday, November 29th. Wedbush set a $75.00 price target on Activision Blizzard and gave the stock a “buy” rating in a report on Thursday, October 26th. Goldman Sachs Group started coverage on Activision Blizzard in a report on Friday, September 8th. They set a “neutral” rating and a $65.00 price target on the stock. Finally, Jefferies Group reiterated a “buy” rating and set a $78.00 price target on shares of Activision Blizzard in a report on Sunday, October 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $68.71.
Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $64.60 on Thursday. The stock has a market cap of $48,692.81, a PE ratio of 29.27, a P/E/G ratio of 2.24 and a beta of 1.03. Activision Blizzard, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $67.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.22.
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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.
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