Rational Advisors LLC Lowers Stake in Activision Blizzard, Inc. (ATVI)
Rational Advisors LLC cut its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 79.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,925 shares of the company’s stock after selling 23,022 shares during the quarter. Rational Advisors LLC’s holdings in Activision Blizzard were worth $493,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Benjamin F. Edwards & Company Inc. boosted its holdings in Activision Blizzard by 16.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,524 shares of the company’s stock valued at $345,000 after acquiring an additional 634 shares during the last quarter. Wetherby Asset Management Inc. boosted its holdings in Activision Blizzard by 7.8% in the second quarter. Wetherby Asset Management Inc. now owns 9,385 shares of the company’s stock valued at $716,000 after acquiring an additional 680 shares during the last quarter. Mission Wealth Management LP boosted its holdings in Activision Blizzard by 13.5% in the second quarter. Mission Wealth Management LP now owns 6,174 shares of the company’s stock valued at $471,000 after acquiring an additional 732 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Activision Blizzard by 13.8% in the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 6,420 shares of the company’s stock valued at $490,000 after acquiring an additional 780 shares during the last quarter. Finally, Altman Advisors Inc. bought a new position in Activision Blizzard in the second quarter valued at about $323,000. Institutional investors own 87.83% of the company’s stock.
Shares of ATVI opened at $49.14 on Tuesday. The company has a current ratio of 2.09, a quick ratio of 2.01 and a debt-to-equity ratio of 0.25. Activision Blizzard, Inc. has a 1 year low of $48.89 and a 1 year high of $84.68. The stock has a market cap of $38.87 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 1.50 and a beta of 1.11.
Several equities analysts recently issued reports on ATVI shares. BidaskClub cut Activision Blizzard from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 25th. Needham & Company LLC raised their price target on Activision Blizzard from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Wedbush set a $81.00 price target on Activision Blizzard and gave the company a “buy” rating in a report on Thursday, July 26th. Argus reiterated a “buy” rating and issued a $90.00 price target (up previously from $81.00) on shares of Activision Blizzard in a report on Friday, September 21st. Finally, BTIG Research raised their price target on Activision Blizzard from $80.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $75.99.
TRADEMARK VIOLATION NOTICE: This news story was published by Daily Political and is the property of of Daily Political. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.dailypolitical.com/2018/11/20/rational-advisors-llc-lowers-stake-in-activision-blizzard-inc-atvi.html.
About Activision Blizzard
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
Read More: Stock Symbols and CUSIP Explained
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.