CIBC Asset Management Inc Has $12.86 Million Holdings in Activision Blizzard, Inc (ATVI)
CIBC Asset Management Inc lifted its holdings in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 98.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 199,371 shares of the company’s stock after purchasing an additional 98,904 shares during the period. CIBC Asset Management Inc’s holdings in Activision Blizzard were worth $12,861,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in ATVI. Janus Henderson Group PLC grew its holdings in shares of 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 purchasing an additional 18,094,334 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of 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 purchasing an additional 10,083,717 shares during the last quarter. Capital World Investors grew its holdings in shares of 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 purchasing an additional 4,327,000 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 purchasing an additional 2,200,995 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of 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 purchasing an additional 1,657,730 shares during the last quarter. Institutional investors own 86.15% of the company’s stock.
Activision Blizzard, Inc (NASDAQ:ATVI) traded up $0.62 during midday trading on Tuesday, hitting $63.62. The stock had a trading volume of 3,036,700 shares, compared to its average volume of 6,844,182. The firm has a market capitalization of $48,100.00, a price-to-earnings ratio of 28.64, a P/E/G ratio of 2.20 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25. Activision Blizzard, Inc has a 52 week low of $35.12 and a 52 week high of $67.03.
ATVI has been the topic of several research analyst reports. Buckingham Research initiated coverage on Activision Blizzard in a report on Wednesday, September 20th. They set a “buy” rating and a $79.00 target price on the stock. Piper Jaffray Companies restated an “overweight” rating and set a $69.00 target price on shares of Activision Blizzard in a report on Friday, August 4th. Vetr cut Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 target price on the stock. in a report on Thursday, August 31st. Benchmark Co. increased their target price on Activision Blizzard from $71.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Wedbush set a $75.00 target price on Activision Blizzard and gave the stock a “buy” rating in a report on Thursday, October 26th. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $68.75.
In other news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the sale, 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 SEC, which is available at the SEC website. Company 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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