Sumitomo Mitsui Trust Holdings Inc. Has $151.58 Million Stake in Activision Blizzard, Inc (ATVI)
Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Activision Blizzard, Inc (NASDAQ:ATVI) by 6.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,349,698 shares of the company’s stock after buying an additional 139,152 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.31% of Activision Blizzard worth $151,579,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in ATVI. Fisher Asset Management LLC boosted its position in Activision Blizzard by 7.3% in the second quarter. Fisher Asset Management LLC now owns 6,199 shares of the company’s stock worth $357,000 after purchasing an additional 424 shares during the last quarter. Ardevora Asset Management LLP boosted its position in Activision Blizzard by 1.3% in the second quarter. Ardevora Asset Management LLP now owns 542,200 shares of the company’s stock worth $31,214,000 after purchasing an additional 6,900 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Activision Blizzard by 108.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 83,595 shares of the company’s stock valued at $4,819,000 after buying an additional 43,406 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Activision Blizzard by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 43,000 shares of the company’s stock valued at $2,476,000 after buying an additional 500 shares in the last quarter. Finally, Aperio Group LLC lifted its position in shares of Activision Blizzard by 27.2% during the 2nd quarter. Aperio Group LLC now owns 210,561 shares of the company’s stock valued at $12,122,000 after buying an additional 45,075 shares in the last quarter. 86.15% of the stock is currently owned by institutional investors and hedge funds.
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In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $61.32, for a total transaction 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 approximately $2,972,303.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.12% of the stock is owned by insiders.
Activision Blizzard, Inc (ATVI) traded down $1.28 during trading hours on Wednesday, reaching $62.75. The company had a trading volume of 2,388,201 shares, compared to its average volume of 6,833,813. The stock has a market capitalization of $47,510.00, a price-to-earnings ratio of 28.92, a PEG ratio of 2.22 and a beta of 1.06. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $67.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.22 and a current ratio of 2.25.
A number of research firms have recently weighed in on ATVI. KeyCorp reaffirmed a “buy” rating and set a $74.00 price objective on shares of Activision Blizzard in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) assumed coverage on Activision Blizzard in a report on Friday, September 8th. They issued a “neutral” rating and a $65.00 price target on the stock. Vetr downgraded Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 price objective on the stock. in a research note on Thursday, August 31st. BMO Capital Markets reaffirmed a “hold” rating and issued a $62.00 price objective on shares of Activision Blizzard in a research note on Thursday, November 2nd. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $68.00 price objective on shares of Activision Blizzard in a research note on Wednesday, September 20th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Activision Blizzard has an average rating of “Buy” and a consensus price target of $68.75.
About Activision Blizzard
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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