Kingfisher Capital LLC Has $2.13 Million Stake in Activision Blizzard, Inc (ATVI)
Kingfisher Capital LLC lessened its position in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,984 shares of the company’s stock after selling 1,846 shares during the quarter. Activision Blizzard comprises approximately 1.4% of Kingfisher Capital LLC’s portfolio, making the stock its 21st largest position. Kingfisher Capital LLC’s holdings in Activision Blizzard were worth $2,128,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in ATVI. Cornerstone Advisors Inc. increased its holdings in Activision Blizzard by 321.5% in the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after purchasing an additional 1,180 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in Activision Blizzard in the 2nd quarter valued at approximately $142,000. Huntington National Bank grew its stake in shares of Activision Blizzard by 122.6% in the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after acquiring an additional 1,366 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Activision Blizzard by 16.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after acquiring an additional 363 shares in the last quarter. Finally, Phocas Financial Corp. acquired a new position in shares of Activision Blizzard in the second quarter worth $173,000. 86.15% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have commented on ATVI. Vetr upgraded shares of Activision Blizzard from a “sell” rating to a “hold” rating and set a $63.32 price target for the company in a research note on Monday, November 6th. Hilliard Lyons upgraded shares of Activision Blizzard from an “underperform” rating to a “neutral” rating in a research note on Wednesday, November 8th. Cowen and Company restated an “outperform” rating and issued a $66.00 price target (up previously from $59.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. Robert W. Baird restated an “outperform” rating and issued a $68.00 price target (up previously from $60.00) on shares of Activision Blizzard in a research note on Thursday, August 10th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $70.00 price target on shares of Activision Blizzard in a research note on Wednesday, November 8th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $68.75.
In related news, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $61.32, for a total value of $1,211,744.52. Following the completion of the sale, the chief executive officer now directly owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.12% of the stock is owned by insiders.
Shares of Activision Blizzard, Inc (ATVI) traded down $0.31 on Monday, reaching $63.00. 4,858,800 shares of the company were exchanged, compared to its average volume of 6,861,648. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $67.03. The stock has a market capitalization of $48,040.00, a PE ratio of 28.64, a PEG ratio of 2.20 and a beta of 1.06. The company has a current ratio of 2.25, a quick ratio of 2.22 and a debt-to-equity ratio of 0.44.
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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