Activision Blizzard, Inc. (ATVI) Position Increased by Green Square Capital LLC
Green Square Capital LLC boosted its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 10.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,809 shares of the company’s stock after purchasing an additional 900 shares during the quarter. Green Square Capital LLC’s holdings in Activision Blizzard were worth $633,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Allen Investment Management LLC purchased a new position in Activision Blizzard during the 2nd quarter valued at approximately $2,095,000. Pacad Investment Ltd. grew its holdings in Activision Blizzard by 131.0% during the 2nd quarter. Pacad Investment Ltd. now owns 119,447 shares of the company’s stock valued at $6,877,000 after buying an additional 67,742 shares in the last quarter. Norinchukin Bank The grew its holdings in Activision Blizzard by 7.1% during the 2nd quarter. Norinchukin Bank The now owns 48,118 shares of the company’s stock valued at $2,770,000 after buying an additional 3,170 shares in the last quarter. Brighton Jones LLC purchased a new position in Activision Blizzard during the 2nd quarter valued at approximately $508,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Activision Blizzard by 39.0% during 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 buying an additional 309,181 shares in the last quarter. 86.57% of the stock is currently owned by institutional investors.
Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $64.40 on Wednesday. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $47,762.81, a P/E ratio of 28.71, a P/E/G ratio of 2.19 and a beta of 1.03. Activision Blizzard, Inc. has a one year low of $35.86 and a one year high of $67.03.
Several equities analysts have weighed in on ATVI shares. Cowen cut Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 price target for the company. in a report on Monday, October 9th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a report on Friday, October 27th. Piper Jaffray Companies restated an “overweight” rating and set a $69.00 price target on shares of Activision Blizzard in a report on Friday, September 8th. 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 for the company. Finally, Vetr cut Activision Blizzard from a “buy” rating to a “hold” rating and set a $59.97 price target for the company. in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. Activision Blizzard presently has an average rating of “Buy” and a consensus target price of $68.71.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction on Friday, November 17th. The stock was 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 directly owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.12% of the company’s stock.
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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