Activision Blizzard, Inc. (ATVI) Shares Bought by Mackenzie Financial Corp
Mackenzie Financial Corp lifted its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 131.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 549,201 shares of the company’s stock after buying an additional 311,677 shares during the period. Mackenzie Financial Corp’s holdings in Activision Blizzard were worth $34,775,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new position in shares of Activision Blizzard in the fourth quarter worth $125,000. Goodman Financial Corp bought a new position in shares of Activision Blizzard in the fourth quarter worth $127,000. Grove Bank & Trust increased its holdings in shares of Activision Blizzard by 261.7% in the third quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock worth $140,000 after purchasing an additional 1,570 shares during the period. Exane Derivatives increased its holdings in shares of Activision Blizzard by 15,900.0% in the fourth quarter. Exane Derivatives now owns 3,040 shares of the company’s stock worth $192,000 after purchasing an additional 3,021 shares during the period. Finally, Chicago Equity Partners LLC bought a new position in shares of Activision Blizzard in the third quarter worth $204,000. 86.06% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Activision Blizzard, Inc. (NASDAQ ATVI) opened at $74.01 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.77 and a current ratio of 1.78. Activision Blizzard, Inc. has a 1 year low of $46.50 and a 1 year high of $74.94. The stock has a market cap of $57,510.00, a PE ratio of 62.19, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10.
A number of research analysts recently commented on the company. Robert W. Baird increased their target price on Activision Blizzard from $68.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Jefferies Group increased their target price on Activision Blizzard from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Morgan Stanley increased their target price on Activision Blizzard from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, November 3rd. UBS Group increased their target price on Activision Blizzard from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, Vetr raised Activision Blizzard from a “sell” rating to a “hold” rating and set a $63.32 target price on the stock in a research note on Monday, November 6th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $74.16.
In other news, Director Brian G. Kelly sold 680,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $71.00, for a total transaction of $48,280,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert J. Corti sold 88,000 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $69.88, for a total transaction of $6,149,440.00. Following the sale, the director now owns 129,562 shares of the company’s stock, valued at $9,053,792.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,487,761 shares of company stock valued at $175,937,273. 2.12% of the stock is currently owned by company insiders.
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Activision Blizzard Company 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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