Aviva PLC Sells 15,771 Shares of Activision Blizzard, Inc. (NASDAQ:ATVI)

Aviva PLC cut its position in Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 250,655 shares of the company’s stock after selling 15,771 shares during the quarter. Aviva PLC’s holdings in Activision Blizzard were worth $19,188,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new position in Activision Blizzard in the first quarter worth about $41,000. Evermay Wealth Management LLC increased its holdings in shares of Activision Blizzard by 33.3% during the third quarter. Evermay Wealth Management LLC now owns 684 shares of the company’s stock valued at $51,000 after acquiring an additional 171 shares in the last quarter. CoreCap Advisors LLC acquired a new position in shares of Activision Blizzard during the fourth quarter valued at about $51,000. Castleview Partners LLC increased its holdings in shares of Activision Blizzard by 106.3% during the fourth quarter. Castleview Partners LLC now owns 817 shares of the company’s stock valued at $63,000 after acquiring an additional 421 shares in the last quarter. Finally, Clearstead Trust LLC acquired a new position in shares of Activision Blizzard during the fourth quarter valued at about $63,000. 79.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Peter J. Nolan acquired 13,160 shares of the stock in a transaction on Wednesday, May 3rd. The shares were acquired at an average price of $75.99 per share, for a total transaction of $1,000,028.40. Following the transaction, the director now owns 174,777 shares in the company, valued at approximately $13,281,304.23. The purchase was disclosed in a filing with the SEC, which is available through this link. In other news, COO Daniel Alegre sold 8,847 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $78.50, for a total transaction of $694,489.50. Following the transaction, the chief operating officer now owns 156,170 shares in the company, valued at approximately $12,259,345. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter J. Nolan bought 13,160 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were acquired at an average price of $75.99 per share, for a total transaction of $1,000,028.40. Following the transaction, the director now directly owns 174,777 shares in the company, valued at $13,281,304.23. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ATVI shares. Roth Capital restated a “buy” rating on shares of Activision Blizzard in a report on Friday, February 10th. Stifel Nicolaus cut their price objective on shares of Activision Blizzard from $95.00 to $88.00 in a report on Tuesday, May 2nd. Wedbush restated an “outperform” rating and set a $95.00 price objective on shares of Activision Blizzard in a report on Friday, January 27th. BNP Paribas upgraded shares of Activision Blizzard from a “neutral” rating to an “outperform” rating in a report on Friday, April 28th. Finally, StockNews.com started coverage on shares of Activision Blizzard in a report on Thursday, May 18th. They issued a “buy” rating on the stock. Sixteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $91.53.

Activision Blizzard Trading Down 0.9 %

Activision Blizzard stock opened at $77.14 on Friday. The company has a current ratio of 5.15, a quick ratio of 5.15 and a debt-to-equity ratio of 0.18. Activision Blizzard, Inc. has a 12 month low of $70.94 and a 12 month high of $87.01. The stock’s 50 day simple moving average is $81.09 and its two-hundred day simple moving average is $77.79. The firm has a market cap of $60.50 billion, a PE ratio of 32.83, a P/E/G ratio of 2.33 and a beta of 0.42.

About Activision Blizzard

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Activision Blizzard, Inc engages in the development and publication of entertainment content and services. It operates through the following segments: Activision Publishing Inc, Blizzard Entertainment Inc, and King Digital Entertainment. The Activision Publishing Inc segment delivers content through both premium and free-to-play offerings, as well as by licensing software to third-party or related-party companies that distribute Activision products.