Asset Dedication LLC lessened its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) by 15.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,045 shares of the company’s stock after selling 192 shares during the quarter. Asset Dedication LLC’s holdings in Activision Blizzard were worth $80,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in ATVI. Householder Group Estate & Retirement Specialist LLC bought a new stake in Activision Blizzard in the third quarter valued at about $33,000. Activest Wealth Management increased its holdings in Activision Blizzard by 203.9% in the third quarter. Activest Wealth Management now owns 471 shares of the company’s stock valued at $35,000 after purchasing an additional 316 shares during the last quarter. Fairfield Bush & CO. bought a new stake in Activision Blizzard in the first quarter valued at about $41,000. Evermay Wealth Management LLC increased its holdings in Activision Blizzard by 33.3% in the third quarter. Evermay Wealth Management LLC now owns 684 shares of the company’s stock valued at $51,000 after purchasing an additional 171 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV bought a new stake in Activision Blizzard in the third quarter valued at about $58,000. Institutional investors and hedge funds own 79.34% of the company’s stock.
Insider Activity at Activision Blizzard
In related news, COO Daniel Alegre sold 8,847 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $78.50, for a total transaction of $694,489.50. Following the completion of the transaction, the chief operating officer now directly owns 156,170 shares of the company’s stock, valued at $12,259,345. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.
Activision Blizzard Stock Up 0.2 %
NASDAQ:ATVI opened at $84.54 on Thursday. The stock has a 50-day simple moving average of $77.60 and a 200 day simple moving average of $75.82. Activision Blizzard, Inc. has a 52-week low of $70.94 and a 52-week high of $85.72. The company has a debt-to-equity ratio of 0.19, a quick ratio of 4.07 and a current ratio of 4.07. The company has a market cap of $66.30 billion, a PE ratio of 44.03, a PEG ratio of 2.57 and a beta of 0.42.
Wall Street Analyst Weigh In
ATVI has been the subject of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $95.00 price objective on shares of Activision Blizzard in a report on Friday, January 27th. StockNews.com began coverage on Activision Blizzard in a report on Thursday, March 16th. They issued a “hold” rating for the company. Roth Capital restated a “buy” rating on shares of Activision Blizzard in a report on Friday, February 10th. Citigroup increased their price target on Activision Blizzard from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Sunday. Finally, Deutsche Bank Aktiengesellschaft upgraded Activision Blizzard from a “hold” rating to a “buy” rating and increased their price target for the stock from $83.00 to $90.00 in a report on Thursday, February 16th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Activision Blizzard presently has a consensus rating of “Moderate Buy” and an average price target of $91.57.
Activision Blizzard Company Profile
Activision Blizzard, Inc engages in the development and publication of entertainment content and services. It operates through the following segments: Activision Publishing Inc, Blizzard Entertainment Inc, and King Digital Entertainment. The Activision Publishing Inc segment delivers content through both premium and free-to-play offerings, as well as by licensing software to third-party or related-party companies that distribute Activision products.
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