Stifel Financial Corp grew its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 18.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 256,780 shares of the company’s stock after buying an additional 39,733 shares during the quarter. Stifel Financial Corp’s holdings in Activision Blizzard were worth $16,553,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Activision Blizzard by 0.5% during the second quarter. BlackRock Inc. now owns 49,147,427 shares of the company’s stock valued at $2,829,418,000 after buying an additional 235,362 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Activision Blizzard by 4.8% in the second quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock valued at $2,786,211,000 after purchasing an additional 2,200,995 shares during the period. State Street Corp boosted its holdings in shares of Activision Blizzard by 4.7% in the second quarter. State Street Corp now owns 26,680,585 shares of the company’s stock valued at $1,536,010,000 after purchasing an additional 1,197,980 shares during the period. Capital World Investors boosted its holdings in shares of Activision Blizzard by 23.8% in the second quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock valued at $1,297,513,000 after purchasing an additional 4,327,000 shares during the period. Finally, Jennison Associates LLC boosted its holdings 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 valued at $1,283,097,000 after purchasing an additional 10,083,717 shares during the period. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the completion of the sale, the chief executive officer now owns 41,435 shares in the company, valued at $2,636,923.40. 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.

Shares of Activision Blizzard, Inc. (NASDAQ ATVI) opened at $60.75 on Thursday. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $45,025.73, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 2.07 and a beta of 1.03. Activision Blizzard, Inc. has a twelve month low of $35.86 and a twelve month high of $67.03.

A number of brokerages recently issued reports on ATVI. Vetr upgraded Activision Blizzard from a “sell” rating to a “hold” rating and set a $62.29 price target for the company in a report on Wednesday, November 29th. Cowen reiterated an “outperform” rating and issued a $66.00 price target (up previously from $59.00) on shares of Activision Blizzard in a report on Wednesday, August 9th. Robert W. Baird reiterated an “outperform” rating and issued a $68.00 price target (up previously from $60.00) on shares of Activision Blizzard in a report on Thursday, August 10th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a report on Wednesday, August 9th. Finally, Jefferies Group reiterated a “buy” rating and issued a $78.00 price target (up previously from $68.00) on shares of Activision Blizzard in a report on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. Activision Blizzard presently has a consensus rating of “Buy” and an average price target of $68.71.

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Activision Blizzard 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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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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