Activision Blizzard, Inc. (ATVI) Shares Bought by Alkeon Capital Management LLC
Alkeon Capital Management LLC increased its position in Activision Blizzard, Inc. (NASDAQ:ATVI) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,822,121 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. Activision Blizzard comprises about 1.8% of Alkeon Capital Management LLC’s investment portfolio, making the stock its 10th biggest position. Alkeon Capital Management LLC owned about 0.51% of Activision Blizzard worth $246,565,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cornerstone Advisors Inc. raised its holdings in Activision Blizzard by 321.5% in the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock worth $100,000 after acquiring an additional 1,180 shares during the period. Grove Bank & Trust increased its holdings in shares of Activision Blizzard by 261.7% during the 3rd quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock worth $140,000 after purchasing an additional 1,570 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Activision Blizzard by 16.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after purchasing an additional 363 shares during the period. Phocas Financial Corp. bought a new position in shares of Activision Blizzard during the 2nd quarter worth about $173,000. Finally, BB&T Investment Services Inc. bought a new position in shares of Activision Blizzard during the 2nd quarter worth about $189,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.
Several research firms have recently issued reports on ATVI. Vetr upgraded shares of Activision Blizzard from a “sell” rating to a “hold” rating and set a $62.29 price objective on the stock in a report on Wednesday, November 29th. BidaskClub upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. BMO Capital Markets restated a “market perform” rating and set a $62.00 price objective (up previously from $60.00) on shares of Activision Blizzard in a report on Wednesday, September 20th. Hilliard Lyons upgraded shares of Activision Blizzard from an “underperform” rating to a “neutral” rating in a report on Wednesday, November 8th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Activision Blizzard in a report on Sunday, September 10th. Five research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $68.71.
In other news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $63.64, for a total transaction of $1,257,590.04. Following the sale, the chief executive officer now directly owns 41,435 shares in the company, valued at approximately $2,636,923.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.12% of the stock is currently owned by insiders.
Shares of Activision Blizzard, Inc. (ATVI) opened at $63.17 on Tuesday. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44. Activision Blizzard, Inc. has a 12-month low of $35.86 and a 12-month high of $67.03. The firm has a market cap of $47,203.30, a PE ratio of 28.38, a PEG ratio of 2.17 and a beta of 1.03.
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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