Asset Management One Co. Ltd. grew its holdings in Activision Blizzard, Inc. (NASDAQ:ATVI) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,141,708 shares of the company’s stock after purchasing an additional 25,569 shares during the quarter. Asset Management One Co. Ltd. owned about 0.15% of Activision Blizzard worth $73,597,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Activision Blizzard by 52.7% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 418,085 shares of the company’s stock worth $26,971,000 after buying an additional 144,354 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Activision Blizzard by 4.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 98,374 shares of the company’s stock worth $6,346,000 after buying an additional 3,799 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Activision Blizzard during the 3rd quarter worth approximately $9,849,000. Nicholas Investment Partners LP increased its holdings in shares of Activision Blizzard by 26.9% during the 3rd quarter. Nicholas Investment Partners LP now owns 49,088 shares of the company’s stock worth $3,167,000 after buying an additional 10,399 shares during the last quarter. Finally, National Asset Management Inc. increased its holdings in shares of Activision Blizzard by 194.5% during the 3rd quarter. National Asset Management Inc. now owns 16,839 shares of the company’s stock worth $1,087,000 after buying an additional 11,122 shares during the last quarter. 86.57% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on the stock. Vetr upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $62.29 price target for the company in a report on Tuesday. Piper Jaffray Companies restated a “buy” rating and set a $70.00 price target on shares of Activision Blizzard in a report on Wednesday, November 8th. Hilliard Lyons upgraded shares of Activision Blizzard from an “underperform” rating to a “neutral” rating in a report on Wednesday, November 8th. UBS raised their price target on shares of Activision Blizzard from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, Morgan Stanley raised their price target on shares of Activision Blizzard from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $68.71.
In related news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 41,435 shares in the company, 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 the SEC website. 2.12% of the stock is currently owned by company insiders.
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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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