Retirement Systems of Alabama grew its holdings in Activision Blizzard, Inc (NASDAQ:ATVI) by 8.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 366,253 shares of the company’s stock after purchasing an additional 30,071 shares during the period. Retirement Systems of Alabama’s holdings in Activision Blizzard were worth $23,627,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ATVI. Cornerstone Advisors Inc. increased its holdings in shares of Activision Blizzard by 321.5% in the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after purchasing an additional 1,180 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in shares of Activision Blizzard in the 2nd quarter valued at about $142,000. Huntington National Bank increased its holdings in shares of Activision Blizzard by 122.6% in the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after purchasing an additional 1,366 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Activision Blizzard by 16.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after purchasing an additional 363 shares during the period. Finally, Phocas Financial Corp. acquired a new position in shares of Activision Blizzard in the 2nd quarter valued at about $173,000. Institutional investors own 86.15% of the company’s stock.

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A number of equities analysts have recently weighed in on the company. Morgan Stanley upped their target price on Activision Blizzard from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, November 3rd. Barclays PLC assumed coverage on Activision Blizzard in a report on Wednesday, October 4th. They issued an “equal weight” rating and a $65.00 target price on the stock. Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.25 target price on the stock in a report on Wednesday, September 27th. Credit Suisse Group restated an “outperform” rating and issued a $67.00 price objective (up previously from $62.00) on shares of Activision Blizzard in a report on Monday, July 24th. Finally, Wedbush increased their price objective on Activision Blizzard to $3.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $68.75.

Activision Blizzard, Inc (NASDAQ:ATVI) opened at $63.20 on Tuesday. The company has a market capitalization of $48,100.00, a price-to-earnings ratio of 28.64, a P/E/G ratio of 2.20 and a beta of 1.06. Activision Blizzard, Inc has a 12-month low of $35.12 and a 12-month high of $67.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.22.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $61.32, for a total value of $1,211,744.52. Following the completion of the transaction, the chief executive officer now directly owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.12% of the stock is owned by company 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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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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