The Activision Blizzard, Inc (ATVI) Position Reduced by Steinberg Global Asset Management, Report finds

The Activision Blizzard, Inc (ATVI) Position Reduced by Steinberg Global Asset Management, Report finds

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. increased its position in Activision Blizzard by 0.5% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,879 shares of the company’s stock valued at $216,000 after buying an additional 24 shares in the last quarter. Checchi Capital Advisers LLC increased its position in Activision Blizzard by 0.5% in the third quarter. Checchi Capital Advisers LLC now owns 8,574 shares of the company’s stock valued at $380,000 after buying an additional 39 shares in the last quarter. Commerce Bank increased its position in Activision Blizzard by 0.3% in the third quarter. Commerce Bank now owns 17,148 shares of the company’s stock valued at $760,000 after buying an additional 46 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in Activision Blizzard by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 19,432 shares of the company’s stock valued at $770,000 after buying an additional 69 shares in the last quarter. Finally, Buckingham Asset Management LLC increased its position in Activision Blizzard by 1.5% in the third quarter. Buckingham Asset Management LLC now owns 5,543 shares of the company’s stock valued at $246,000 after buying an additional 82 shares in the last quarter. 86.32% of the stock is currently owned by institutional investors.

Steinberg Global Asset Management cut its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 2.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,082 shares of the company’s stock after selling 702 shares during the period. Steinberg Global Asset Management’s holdings in Activision Blizzard were worth $1,421,000 as of its most recent filing with the SEC.

Activision Blizzard, Inc (NASDAQ:ATVI) opened at 39.19 on Thursday. The stock has a market capitalization of $29.13 billion, a price-to-earnings ratio of 34.02 and a beta of 1.03. Activision Blizzard, Inc has a 12-month low of $26.49 and a 12-month high of $45.55. The stock’s 50 day moving average is $38.51 and its 200 day moving average is $40.54.

Several research firms recently commented on ATVI. Stifel Nicolaus reduced their price target on shares of Activision Blizzard from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, December 14th. Barclays PLC set a $44.00 price target on shares of Activision Blizzard and gave the stock a “buy” rating in a research note on Thursday, December 15th. Benchmark Co. raised their price target on shares of Activision Blizzard from $49.79 to $50.87 and gave the stock a “buy” rating in a research note on Monday, November 7th. Macquarie reaffirmed an “outperform” rating and issued a $46.00 price target on shares of Activision Blizzard in a research note on Friday, November 4th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $55.00 target price on shares of Activision Blizzard in a research report on Monday, November 7th. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $47.28.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $40.09, for a total transaction of $792,218.49. Following the sale, the chief executive officer now directly owns 69,583 shares in the company, valued at $2,789,582.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 25.23% of the stock is currently owned by corporate insiders.

Activision Blizzard Company Profile

Activision Blizzard, Inc is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company operates through Activision Publishing, Inc (Activision) and its subsidiaries, Blizzard Entertainment, Inc (Blizzard) and its subsidiaries, and Other segments.

Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision Blizzard, Inc (NASDAQ:ATVI).

Related posts

Leave a Comment