Monetta Financial Services Inc. lifted its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 116.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,000 shares of the company’s stock after acquiring an additional 21,000 shares during the quarter. Activision Blizzard accounts for approximately 1.4% of Monetta Financial Services Inc.’s portfolio, making the stock its 29th largest holding. Monetta Financial Services Inc.’s holdings in Activision Blizzard were worth $2,516,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC grew its position in Activision Blizzard by 820.8% during the second quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock worth $1,168,587,000 after buying an additional 18,094,334 shares during the period. Jennison Associates LLC grew its position in Activision Blizzard by 82.6% during the second quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock worth $1,283,097,000 after buying an additional 10,083,717 shares during the period. Capital World Investors grew its position in Activision Blizzard by 23.8% during the second quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock worth $1,297,513,000 after buying an additional 4,327,000 shares during the period. Vanguard Group Inc. grew its position in Activision Blizzard by 4.8% during the second quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock worth $2,786,211,000 after buying an additional 2,200,995 shares during the period. Finally, Prudential Financial Inc. grew its position in Activision Blizzard by 108.6% during the third quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock worth $205,444,000 after buying an additional 1,657,730 shares during the period. Institutional investors and hedge funds own 86.57% of the company’s stock.

Activision Blizzard, Inc. (ATVI) opened at $60.75 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25. The stock has a market cap of $45,025.73, a P/E ratio of 27.07, a P/E/G ratio of 2.07 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 brokerages have weighed in on ATVI. Goldman Sachs Group began coverage on shares of Activision Blizzard in a research report on Friday, September 8th. They set a “neutral” rating and a $65.00 target price on the stock. KeyCorp reaffirmed a “buy” rating and issued a $74.00 price target on shares of Activision Blizzard in a report on Friday, September 8th. Vetr downgraded shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 price target on the stock. in a report on Thursday, August 31st. BMO Capital Markets reaffirmed a “hold” rating and issued a $62.00 price target on shares of Activision Blizzard in a report on Thursday, November 2nd. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $68.00 price target on shares of Activision Blizzard in a report on Wednesday, September 20th. Five equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Activision Blizzard currently has an average rating of “Buy” and an average target price of $68.71.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.12% of the company’s stock.

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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.

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

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