Gabalex Capital Management LLC Has $15.83 Million Position in Activision Blizzard, Inc (NASDAQ:ATVI)
Gabalex Capital Management LLC lowered its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 21.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 275,000 shares of the company’s stock after selling 75,000 shares during the period. Activision Blizzard makes up approximately 5.1% of Gabalex Capital Management LLC’s investment portfolio, making the stock its 12th largest position. Gabalex Capital Management LLC’s holdings in Activision Blizzard were worth $15,832,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of ATVI. Shine Investment Advisory Services Inc. bought a new stake in shares of Activision Blizzard during the second quarter valued at $142,000. Global X Management Co. LLC boosted its stake in shares of Activision Blizzard by 156.5% in the second quarter. Global X Management Co. LLC now owns 21,386 shares of the company’s stock valued at $1,231,000 after buying an additional 13,050 shares in the last quarter. Advisor Partners LLC boosted its stake in shares of Activision Blizzard by 3.7% in the second quarter. Advisor Partners LLC now owns 8,910 shares of the company’s stock valued at $513,000 after buying an additional 322 shares in the last quarter. Sanctuary Wealth Advisors LLC bought a new stake in shares of Activision Blizzard during the second quarter valued at $3,444,000. Finally, Pictet Asset Management Ltd. boosted its stake in shares of Activision Blizzard by 6.6% in the second quarter. Pictet Asset Management Ltd. now owns 534,763 shares of the company’s stock valued at $31,326,000 after buying an additional 32,900 shares in the last quarter. Institutional investors own 87.37% of the company’s stock.
Activision Blizzard, Inc (ATVI) opened at 61.33 on Wednesday. The company has a market cap of $46.22 billion, a price-to-earnings ratio of 45.00 and a beta of 1.07. The company’s 50-day moving average price is $60.15 and its 200-day moving average price is $52.22. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $64.06.
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Several brokerages recently weighed in on ATVI. Cowen and Company restated an “outperform” rating and set a $66.00 target price (up from $59.00) on shares of Activision Blizzard in a report on Wednesday. UBS AG increased their target price on Activision Blizzard from $67.00 to $72.00 and gave the company a “buy” rating in a report on Sunday. Wedbush increased their target price on Activision Blizzard to $3.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Benchmark Co. increased their target price on Activision Blizzard from $71.00 to $74.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Bank of America Corporation upgraded Activision Blizzard from a “neutral” rating to a “buy” rating and increased their target price for the company from $65.00 to $76.00 in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-three have given a buy rating to the stock. Activision Blizzard presently has a consensus rating of “Buy” and a consensus price target of $61.08.
In other Activision Blizzard news, CEO of King Digital Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $55.45, for a total transaction of $1,095,747.45. Following the completion of the sale, the insider now owns 55,509 shares in the company, valued at $3,077,974.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.12% of the stock is owned by corporate insiders.
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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