Zevenbergen Capital Investments LLC Has $5.98 Million Holdings in Activision Blizzard, Inc (ATVI)
Zevenbergen Capital Investments LLC raised its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 89.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,665 shares of the company’s stock after purchasing an additional 43,625 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in Activision Blizzard were worth $5,978,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of ATVI. Huntington National Bank boosted its stake in shares of Activision Blizzard by 122.6% during the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after acquiring an additional 1,366 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Activision Blizzard by 100.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 365,314 shares of the company’s stock worth $21,029,000 after acquiring an additional 182,977 shares during the period. Acadian Asset Management LLC bought a new position in shares of Activision Blizzard during the 2nd quarter worth approximately $318,000. Parkwood LLC bought a new position in shares of Activision Blizzard during the 2nd quarter worth approximately $479,000. Finally, Strs Ohio boosted its stake in shares of Activision Blizzard by 41.6% during the 2nd quarter. Strs Ohio now owns 1,595,251 shares of the company’s stock worth $91,838,000 after acquiring an additional 468,378 shares during the period. Hedge funds and other institutional investors own 84.23% of the company’s stock.
Several research analysts have recently commented on the company. Vetr downgraded Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.27 target price for the company. in a research note on Monday, November 20th. Piper Jaffray Companies reiterated a “buy” rating and set a $70.00 target price on shares of Activision Blizzard in a research note on Wednesday, November 8th. Hilliard Lyons upgraded Activision Blizzard from an “underperform” rating to a “neutral” rating in a research note on Wednesday, November 8th. UBS AG lifted their target price on Activision Blizzard from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, Morgan Stanley lifted their target price on Activision Blizzard from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $68.68.
Activision Blizzard, Inc (NASDAQ:ATVI) opened at $66.03 on Monday. The firm has a market capitalization of $49,925.28, a price-to-earnings ratio of 30.01, a price-to-earnings-growth ratio of 2.29 and a beta of 1.07. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44. Activision Blizzard, Inc has a fifty-two week low of $35.12 and a fifty-two week high of $67.03.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction on Friday, November 17th. The stock was sold at an average price of $63.64, for a total value of $1,257,590.04. Following the completion of 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 hyperlink. 2.12% of the stock is owned by insiders.
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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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