FNY Investment Advisers LLC reduced its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) by 49.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,937 shares of the company’s stock after selling 17,633 shares during the period. Activision Blizzard accounts for approximately 1.9% of FNY Investment Advisers LLC’s investment portfolio, making the stock its 10th biggest position. FNY Investment Advisers LLC’s holdings in Activision Blizzard were worth $1,373,000 as of its most recent SEC filing.
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Other large investors have also bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC bought a new position in Activision Blizzard during the 3rd quarter worth $33,000. Activest Wealth Management raised its position in Activision Blizzard by 203.9% during the 3rd quarter. Activest Wealth Management now owns 471 shares of the company’s stock worth $35,000 after purchasing an additional 316 shares during the last quarter. Fairfield Bush & CO. bought a new position in Activision Blizzard during the 1st quarter worth $41,000. Evermay Wealth Management LLC raised its position in Activision Blizzard by 33.3% during the 3rd quarter. Evermay Wealth Management LLC now owns 684 shares of the company’s stock worth $51,000 after purchasing an additional 171 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV bought a new position in Activision Blizzard during the 3rd quarter worth $58,000. 79.34% of the stock is owned by institutional investors.
Insider Buying and Selling at Activision Blizzard
In other Activision Blizzard news, COO Daniel Alegre sold 8,847 shares of Activision Blizzard stock in a transaction dated 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 owns 156,170 shares in the company, valued at approximately $12,259,345. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. Edward Jones raised Activision Blizzard from a “hold” rating to a “buy” rating in a research report on Tuesday, December 6th. Benchmark reissued a “buy” rating and issued a $90.00 price objective on shares of Activision Blizzard in a research report on Friday, March 10th. Deutsche Bank Aktiengesellschaft raised Activision Blizzard from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $83.00 to $90.00 in a research report on Thursday, February 16th. Wedbush reissued an “outperform” rating and issued a $95.00 price objective on shares of Activision Blizzard in a research report on Friday, January 27th. Finally, Morgan Stanley raised Activision Blizzard from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a research report on Monday, November 28th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.36.
Activision Blizzard Stock Down 1.1 %
ATVI stock traded down $0.89 during mid-day trading on Friday, reaching $78.98. 3,266,697 shares of the company traded hands, compared to its average volume of 6,267,008. The stock has a market cap of $61.94 billion, a price-to-earnings ratio of 41.60, a P/E/G ratio of 2.41 and a beta of 0.42. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.19. Activision Blizzard, Inc. has a fifty-two week low of $70.94 and a fifty-two week high of $81.50. The firm’s 50 day moving average price is $76.69 and its 200 day moving average price is $75.62.
Activision Blizzard 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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