Activision Blizzard, Inc. (ATVI) Holdings Increased by Waverton Investment Management Ltd

Waverton Investment Management Ltd boosted its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 57.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 943,017 shares of the company’s stock after acquiring an additional 343,697 shares during the period. Activision Blizzard comprises approximately 3.5% of Waverton Investment Management Ltd’s holdings, making the stock its 15th biggest holding. Waverton Investment Management Ltd’s holdings in Activision Blizzard were worth $59,712,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ATVI. Norinchukin Bank The boosted its holdings in shares of Activision Blizzard by 7.1% in the 2nd quarter. Norinchukin Bank The now owns 48,118 shares of the company’s stock valued at $2,770,000 after purchasing an additional 3,170 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Activision Blizzard by 39.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,101,771 shares of the company’s stock valued at $63,430,000 after purchasing an additional 309,181 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Activision Blizzard by 94.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 66,349 shares of the company’s stock valued at $4,280,000 after purchasing an additional 32,224 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in shares of Activision Blizzard in the 3rd quarter valued at $881,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Activision Blizzard by 3.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 1,005,178 shares of the company’s stock valued at $64,844,000 after purchasing an additional 34,070 shares during the last quarter. 86.48% of the stock is owned by hedge funds and other institutional investors.

Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) traded up $0.63 during trading hours on Wednesday, hitting $66.82. 3,252,074 shares of the company were exchanged, compared to its average volume of 4,843,317. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44. Activision Blizzard, Inc. has a twelve month low of $37.49 and a twelve month high of $67.40. The company has a market cap of $50,280.00, a P/E ratio of 45.77, a PEG ratio of 1.94 and a beta of 1.02.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the completion of the sale, the chief executive officer now owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.12% of the stock is owned by corporate insiders.

Several equities analysts recently weighed in on the stock. Macquarie lifted their target price on shares of Activision Blizzard from $64.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday. Zacks Investment Research lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating in a report on Monday. KeyCorp set a $80.00 target price on shares of Activision Blizzard and gave the company a “buy” rating in a report on Monday. Vetr lowered shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $70.69 target price on the stock. in a report on Thursday, December 28th. Finally, BidaskClub lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Six analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Activision Blizzard currently has an average rating of “Buy” and a consensus target price of $69.94.

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

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