Activision Blizzard, Inc (ATVI) Position Increased by Oppenheimer Asset Management Inc.
Oppenheimer Asset Management Inc. increased its holdings in Activision Blizzard, Inc (NASDAQ:ATVI) by 32.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,247 shares of the company’s stock after purchasing an additional 1,998 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Activision Blizzard were worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC grew its stake in shares of Activision Blizzard by 0.5% in the first quarter. FMR LLC now owns 112,040,404 shares of the company’s stock worth $5,586,335,000 after purchasing an additional 560,282 shares during the last quarter. BlackRock Inc. grew its stake in shares of Activision Blizzard by 3,032.9% in the first quarter. BlackRock Inc. now owns 48,912,065 shares of the company’s stock worth $2,438,753,000 after purchasing an additional 47,350,818 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Activision Blizzard by 6.8% in the first quarter. Vanguard Group Inc. now owns 46,195,943 shares of the company’s stock worth $2,303,328,000 after purchasing an additional 2,943,200 shares during the last quarter. State Street Corp grew its stake in shares of Activision Blizzard by 2.1% in the first quarter. State Street Corp now owns 25,482,605 shares of the company’s stock worth $1,270,575,000 after purchasing an additional 523,213 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Activision Blizzard by 82.6% in the second quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock worth $1,283,097,000 after purchasing an additional 10,083,717 shares during the last quarter. 86.33% of the stock is currently owned by institutional investors.
Activision Blizzard, Inc (ATVI) opened at 65.00 on Friday. The stock has a market capitalization of $49.07 billion, a price-to-earnings ratio of 43.89 and a beta of 1.08. The company has a 50-day moving average of $63.30 and a 200-day moving average of $56.72. Activision Blizzard, Inc has a one year low of $35.12 and a one year high of $66.58.
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ATVI has been the topic of several recent analyst reports. Argus raised their target price on Activision Blizzard from $53.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. Vetr cut Activision Blizzard from a “buy” rating to a “hold” rating and set a $59.65 target price on the stock. in a research note on Tuesday, May 23rd. Macquarie reissued an “outperform” rating and issued a $58.00 target price on shares of Activision Blizzard in a research note on Wednesday, May 31st. Morgan Stanley raised their target price on Activision Blizzard from $57.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 7th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $68.00 target price on shares of Activision Blizzard in a research note on Thursday, June 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Activision Blizzard presently has an average rating of “Buy” and a consensus target price of $62.87.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $61.32, for a total value of $1,211,744.52. Following the completion of the sale, the chief executive officer now directly owns 48,472 shares in the company, valued at $2,972,303.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Brian G. Kelly sold 3,685,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $61.93, for a total transaction of $228,212,050.00. Following the completion of the sale, the director now owns 189,791 shares of the company’s stock, valued at $11,753,756.63. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,074,879 shares of company stock valued at $252,196,001. 2.12% of the stock is owned by insiders.
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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