Waldron LP Invests $216,000 in Activision Blizzard, Inc (ATVI)
Waldron LP acquired a new stake in Activision Blizzard, Inc (NASDAQ:ATVI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,363 shares of the company’s stock, valued at approximately $216,000.
Other large investors also recently bought and sold shares of the company. Cornerstone Advisors Inc. lifted its stake in shares of Activision Blizzard by 321.5% in 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 last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of Activision Blizzard in the 2nd quarter valued at approximately $142,000. Huntington National Bank lifted its stake in shares of Activision Blizzard by 122.6% in the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after purchasing an additional 1,366 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Activision Blizzard by 16.2% in 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 last quarter. Finally, Phocas Financial Corp. bought a new stake in shares of Activision Blizzard in the 2nd quarter valued at approximately $173,000. 86.15% of the stock is owned by institutional investors and hedge funds.
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A number of equities research analysts recently issued reports on ATVI shares. Cowen and Company lowered Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 price target for the company. in a research note on Monday, October 9th. Zacks Investment Research raised Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a research note on Friday, October 27th. Piper Jaffray Companies reissued an “overweight” rating and set a $69.00 price target on shares of Activision Blizzard in a research note on Friday, September 8th. Goldman Sachs Group, Inc. (The) started coverage on Activision Blizzard in a research note on Friday, September 8th. They set a “neutral” rating and a $65.00 price target for the company. Finally, Vetr lowered Activision Blizzard from a “buy” rating to a “hold” rating and set a $59.97 price target for the company. in a research note on Monday, October 23rd. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $68.75.
Activision Blizzard, Inc (NASDAQ ATVI) traded down $0.03 during mid-day trading on Friday, hitting $64.10. 4,116,771 shares of the stock were exchanged, compared to its average volume of 6,769,283. Activision Blizzard, Inc has a 52 week low of $35.12 and a 52 week high of $67.03. 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 firm has a market cap of $48,466.01, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 2.24 and a beta of 1.07.
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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