Rehmann Capital Advisory Group decreased its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 26.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,891 shares of the company’s stock after selling 667 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Activision Blizzard were worth $86,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of the stock. Marshall Wace North America L.P. boosted its stake in shares of Activision Blizzard by 313.1% during the 1st quarter. Marshall Wace North America L.P. now owns 320,754 shares of the company’s stock worth $14,604,000 after purchasing an additional 243,115 shares during the period. Marshall Wace LLP raised its holdings in shares of Activision Blizzard by 21.8% in the 1st quarter. Marshall Wace LLP now owns 236,106 shares of the company’s stock valued at $10,750,000 after purchasing an additional 42,272 shares in the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Activision Blizzard in the 1st quarter valued at about $209,000. Belpointe Asset Management LLC bought a new stake in shares of Activision Blizzard in the 1st quarter valued at about $109,000. Finally, Thor Advisors LLC bought a new stake in shares of Activision Blizzard in the 1st quarter valued at about $40,000. Institutional investors own 86.84% of the company’s stock.
Activision Blizzard stock traded down $0.14 during midday trading on Friday, hitting $47.20. 3,542,831 shares of the stock were exchanged, compared to its average volume of 6,221,537. Activision Blizzard, Inc. has a fifty-two week low of $39.85 and a fifty-two week high of $84.68. The firm has a market cap of $36.16 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.35 and a beta of 0.90. The stock’s 50-day moving average price is $45.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.63 and a quick ratio of 2.61.
In other news, insider Christopher B. Walther sold 2,333 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $44.00, for a total value of $102,652.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher B. Walther sold 11,333 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $47.91, for a total transaction of $542,964.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,999 shares of company stock valued at $752,724. 1.29% of the stock is currently owned by insiders.
ATVI has been the subject of several recent research reports. Piper Jaffray Companies set a $15.00 price target on shares of BioCryst Pharmaceuticals and gave the company a “buy” rating in a report on Monday, April 22nd. Stephens set a $37.00 price objective on shares of Talos Energy and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. BidaskClub upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd. Zacks Investment Research lowered shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 9th. Finally, Jefferies Financial Group upped their price target on shares of Wynn Resorts from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday. Fourteen research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $60.03.
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. It 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.
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