Activision Blizzard, Inc (ATVI) Holdings Cut by NBT Bank N A NY
NBT Bank N A NY cut its position in Activision Blizzard, Inc (NASDAQ:ATVI) by 7.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 16,531 shares of the company’s stock after selling 1,314 shares during the period. NBT Bank N A NY’s holdings in Activision Blizzard were worth $1,066,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Cornerstone Advisors Inc. raised its holdings in Activision Blizzard by 321.5% in the third quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock worth $100,000 after buying an additional 1,180 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of Activision Blizzard during the second quarter valued at approximately $142,000. Huntington National Bank raised its holdings in shares of Activision Blizzard by 122.6% during the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after purchasing an additional 1,366 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Activision Blizzard by 16.2% during the second 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. purchased a new position in shares of Activision Blizzard during the second quarter valued at approximately $173,000. 86.15% of the stock is owned by institutional investors and hedge funds.
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Activision Blizzard, Inc (NASDAQ ATVI) traded down $1.14 during mid-day trading on Thursday, hitting $62.89. 4,071,000 shares of the stock traded hands, compared to its average volume of 6,821,311. Activision Blizzard, Inc has a 1 year low of $35.12 and a 1 year 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. The stock has a market capitalization of $48,550.00, a P/E ratio of 29.10, a PEG ratio of 2.23 and a beta of 1.06.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $61.32, for a total value of $1,211,744.52. Following the transaction, the chief executive officer now owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.12% of the stock is currently owned by insiders.
ATVI has been the subject of several research reports. Buckingham Research initiated coverage on shares of Activision Blizzard in a report on Wednesday, September 20th. They set a “buy” rating and a $79.00 price objective for the company. Piper Jaffray Companies reissued an “overweight” rating and set a $69.00 price objective on shares of Activision Blizzard in a report on Friday, August 4th. Vetr cut shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 price objective for the company. in a report on Thursday, August 31st. Benchmark Co. boosted their price objective on shares of Activision Blizzard from $71.00 to $74.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Wedbush set a $75.00 price objective on shares of Activision Blizzard and gave the company a “buy” rating in a report on Thursday, October 26th. Six investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $68.75.
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.
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