Parametric Portfolio Associates LLC Has $109.69 Million Stake in Activision Blizzard, Inc. (ATVI)
Parametric Portfolio Associates LLC lifted its stake in Activision Blizzard, Inc. (NASDAQ:ATVI) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,700,303 shares of the company’s stock after buying an additional 27,078 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.22% of Activision Blizzard worth $109,687,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Advisors Inc. increased its holdings 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 during the period. Grove Bank & Trust increased its holdings 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 during the period. Bronfman E.L. Rothschild L.P. increased its holdings 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 during the period. Phocas Financial Corp. purchased a new position in Activision Blizzard during the 2nd quarter valued at about $173,000. Finally, BB&T Investment Services Inc. purchased a new position in Activision Blizzard during the 2nd quarter valued at about $189,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.
Shares of Activision Blizzard, Inc. (NASDAQ ATVI) opened at $66.73 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.22. Activision Blizzard, Inc. has a 12-month low of $35.86 and a 12-month high of $67.03. The company has a market capitalization of $49,169.15, a P/E ratio of 29.56, a PEG ratio of 2.26 and a beta of 1.03.
A number of research analysts recently issued reports on ATVI shares. Cowen downgraded Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 price target on the stock. in a report on Monday, October 9th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 target price on the stock in a report on Friday, October 27th. Piper Jaffray Companies reiterated an “overweight” rating and set a $69.00 target price on shares of Activision Blizzard in a report on Friday, September 8th. Goldman Sachs Group assumed coverage on Activision Blizzard in a report on Friday, September 8th. They set a “neutral” rating and a $65.00 target price on the stock. Finally, Vetr downgraded Activision Blizzard from a “buy” rating to a “hold” rating and set a $59.97 target price on the stock. in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $68.71.
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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