Abner Herrman & Brock LLC Acquires 10,526 Shares of Activision Blizzard, Inc. (ATVI)

Abner Herrman & Brock LLC raised its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 12.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,168 shares of the company’s stock after purchasing an additional 10,526 shares during the quarter. Abner Herrman & Brock LLC’s holdings in Activision Blizzard were worth $6,153,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in shares of Activision Blizzard in the 4th quarter worth $1,171,000. Prudential Financial Inc. grew its stake in shares of Activision Blizzard by 108.6% in the 3rd quarter. Prudential Financial Inc. now owns 3,184,687 shares of the company’s stock worth $205,444,000 after acquiring an additional 1,657,730 shares in the last quarter. Atlantic Trust Group LLC grew its position in Activision Blizzard by 41.8% during the third quarter. Atlantic Trust Group LLC now owns 40,045 shares of the company’s stock valued at $2,584,000 after buying an additional 11,796 shares during the period. Parametric Portfolio Associates LLC grew its position in Activision Blizzard by 1.6% during the third quarter. Parametric Portfolio Associates LLC now owns 1,700,303 shares of the company’s stock valued at $109,687,000 after buying an additional 27,078 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in Activision Blizzard by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 510,926 shares of the company’s stock valued at $32,960,000 after buying an additional 1,838 shares during the period. Hedge funds and other institutional investors own 86.48% of the company’s stock.

In other Activision Blizzard 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 transaction of $1,257,590.04. Following the sale, the chief executive officer now directly 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 available through the SEC website. 2.12% of the stock is owned by corporate insiders.

Several research firms recently weighed in on ATVI. Vetr lowered shares of Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.27 price target for the company. in a research report on Monday, November 20th. Morgan Stanley increased their price target on shares of Activision Blizzard from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, November 3rd. Barclays began coverage on shares of Activision Blizzard in a research report on Wednesday, October 4th. They set an “equal weight” rating and a $65.00 price target for the company. Stifel Nicolaus restated a “buy” rating on shares of Activision Blizzard in a research report on Sunday, September 10th. Finally, Goldman Sachs Group upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 12th. Five research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $69.39.

Activision Blizzard, Inc. (ATVI) traded up $0.98 during midday trading on Friday, reaching $65.64. 1,718,264 shares of the company’s stock traded hands, compared to its average volume of 4,480,700. The stock has a market capitalization of $48,930.00, a P/E ratio of 44.96, a PEG ratio of 1.91 and a beta of 1.02. Activision Blizzard, Inc. has a 1-year low of $37.37 and a 1-year high of $67.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25.

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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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