Insight Capital Research & Management Inc. Takes Position in Activision Blizzard, Inc. (ATVI)
Insight Capital Research & Management Inc. acquired a new stake in Activision Blizzard, Inc. (NASDAQ:ATVI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 47,700 shares of the company’s stock, valued at approximately $3,077,000. Activision Blizzard makes up 1.7% of Insight Capital Research & Management Inc.’s portfolio, making the stock its 11th biggest holding.
Other large investors also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. increased its stake in Activision Blizzard by 321.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after purchasing an additional 1,180 shares in the last quarter. Grove Bank & Trust increased its stake in Activision Blizzard by 261.7% during the 3rd quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock valued at $140,000 after purchasing an additional 1,570 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Activision Blizzard by 16.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after purchasing an additional 363 shares in the last quarter. Phocas Financial Corp. bought a new stake in Activision Blizzard during the 2nd quarter valued at $173,000. Finally, BB&T Investment Services Inc. bought a new stake in Activision Blizzard during the 2nd quarter valued at $189,000. Institutional investors own 86.57% of the company’s stock.
Activision Blizzard, Inc. (ATVI) opened at $63.17 on Tuesday. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44. The firm has a market cap of $47,203.30, a PE ratio of 28.38, a P/E/G ratio of 2.17 and a beta of 1.03. Activision Blizzard, Inc. has a fifty-two week low of $35.86 and a fifty-two week high of $67.03.
A number of analysts have commented on ATVI shares. Buckingham Research started coverage on shares of Activision Blizzard in a research note on Wednesday, September 20th. They set a “buy” rating and a $79.00 price target for the company. Vetr upgraded shares of Activision Blizzard from a “sell” rating to a “hold” rating and set a $62.29 price target for the company in a research note on Wednesday, November 29th. Wedbush set a $75.00 price objective on shares of Activision Blizzard and gave the stock a “buy” rating in a report on Thursday, October 26th. Goldman Sachs Group began coverage on shares of Activision Blizzard in a report on Friday, September 8th. They set a “neutral” rating and a $65.00 price objective on the stock. Finally, Jefferies Group reaffirmed a “buy” rating and set a $78.00 price objective on shares of Activision Blizzard in a report on Sunday, October 8th. Five equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $68.71.
In related news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $63.64, for a total value of $1,257,590.04. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this link. 2.12% of the stock is currently owned by insiders.
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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.
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