First Citizens Bank & Trust Co. decreased its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 25.1% in the fourth quarter, Holdings Channel reports. The fund owned 21,897 shares of the company’s stock after selling 7,349 shares during the period. First Citizens Bank & Trust Co.’s holdings in Activision Blizzard were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Norinchukin Bank The lifted its position in Activision Blizzard by 7.1% during the 2nd quarter. Norinchukin Bank The now owns 48,118 shares of the company’s stock worth $2,770,000 after acquiring an additional 3,170 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Activision Blizzard by 39.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,101,771 shares of the company’s stock worth $63,430,000 after acquiring an additional 309,181 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Activision Blizzard by 94.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 66,349 shares of the company’s stock worth $4,280,000 after acquiring an additional 32,224 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in Activision Blizzard during the 3rd quarter worth $881,000. Finally, State Board of Administration of Florida Retirement System lifted its position in Activision Blizzard by 3.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 1,005,178 shares of the company’s stock worth $64,844,000 after acquiring an additional 34,070 shares during the last quarter. 86.48% of the stock is owned by hedge funds and other institutional investors.

ATVI has been the subject of a number of research analyst reports. Vetr lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating and set a $69.64 price objective for the company. in a research report on Thursday. Wedbush set a $75.00 price objective on shares of Activision Blizzard and gave the company a “buy” rating in a research report on Thursday. Macquarie upped their price objective on shares of Activision Blizzard from $64.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday. Zacks Investment Research lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research report on Monday. Finally, KeyCorp set a $80.00 price objective on shares of Activision Blizzard and gave the company a “buy” rating in a research report on Monday. Seven equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $69.91.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $63.64, for a total value of $1,257,590.04. Following the sale, the chief executive officer now owns 41,435 shares of the company’s stock, valued at $2,636,923.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.12% of the company’s stock.

Shares of Activision Blizzard, Inc. (NASDAQ ATVI) opened at $69.24 on Friday. The firm has a market cap of $52,350.00, a PE ratio of 47.42, a P/E/G ratio of 1.94 and a beta of 1.02. Activision Blizzard, Inc. has a 52 week low of $38.38 and a 52 week high of $69.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.25 and a quick ratio of 2.22.

COPYRIGHT VIOLATION WARNING: This news story was first reported by Daily Political and is owned by of Daily Political. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2018/01/12/activision-blizzard-inc-atvi-shares-sold-by-first-citizens-bank-trust-co.html.

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.

Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision Blizzard, Inc. (NASDAQ:ATVI).

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

Receive News & Ratings for Activision Blizzard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard and related companies with MarketBeat.com's FREE daily email newsletter.