Wealth Enhancement Advisory Services LLC grew its stake in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,256 shares of the company’s stock after purchasing an additional 6,298 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Activision Blizzard were worth $2,973,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its holdings in shares of Activision Blizzard by 527.9% during the fourth quarter. State of Alaska Department of Revenue now owns 85,603 shares of the company’s stock valued at $5,418,000 after purchasing an additional 71,970 shares during the period. Oakbrook Investments LLC increased its position in shares of Activision Blizzard by 3.2% during the fourth quarter. Oakbrook Investments LLC now owns 51,340 shares of the company’s stock worth $3,251,000 after acquiring an additional 1,590 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Activision Blizzard during the fourth quarter worth about $731,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Activision Blizzard during the fourth quarter worth about $169,547,000. Finally, Gulf International Bank UK Ltd increased its position in shares of Activision Blizzard by 1.8% during the fourth quarter. Gulf International Bank UK Ltd now owns 227,499 shares of the company’s stock worth $14,405,000 after acquiring an additional 4,100 shares in the last quarter. Hedge funds and other institutional investors own 86.49% of the company’s stock.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.12% of the stock is owned by corporate insiders.

ATVI has been the subject of several recent research reports. Cowen downgraded shares of Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 target price for the company. in a research report on Monday, October 9th. Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 target price for the company in a research report on Friday, October 27th. Vetr downgraded shares of Activision Blizzard from a “buy” rating to a “hold” rating and set a $59.97 target price for the company. in a research report on Monday, October 23rd. Wedbush set a $75.00 target price on shares of Activision Blizzard and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, Goldman Sachs Group raised shares of Activision Blizzard from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 12th. Seven investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Activision Blizzard has an average rating of “Buy” and an average target price of $70.04.

Activision Blizzard, Inc. (ATVI) traded up $0.77 during trading on Friday, hitting $70.57. 5,210,041 shares of the stock were exchanged, compared to its average volume of 5,520,000. Activision Blizzard, Inc. has a 1 year low of $38.38 and a 1 year high of $71.18. The company has a market cap of $53,360.00, a P/E ratio of 48.34, a P/E/G ratio of 2.06 and a beta of 1.02. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44.

Activision Blizzard (NASDAQ:ATVI) last released its earnings results on Thursday, November 2nd. The company reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.11. Activision Blizzard had a net margin of 15.90% and a return on equity of 17.56%. research analysts expect that Activision Blizzard, Inc. will post 2.1 earnings per share for the current fiscal year.

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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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