Envestnet Asset Management Inc. lessened its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 8.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,255 shares of the company’s stock after selling 6,067 shares during the period. Envestnet Asset Management Inc.’s holdings in Activision Blizzard were worth $4,276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ATVI. Cornerstone Advisors Inc. increased its holdings in shares of Activision Blizzard by 321.5% in the 3rd quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock worth $100,000 after buying an additional 1,180 shares during the last quarter. Grove Bank & Trust increased its holdings in shares of Activision Blizzard by 261.7% in the 3rd quarter. Grove Bank & Trust now owns 2,170 shares of the company’s stock worth $140,000 after buying an additional 1,570 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in shares of Activision Blizzard by 16.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after buying an additional 363 shares during the last quarter. Phocas Financial Corp. bought a new position in shares of Activision Blizzard in the 2nd quarter worth $173,000. Finally, Chicago Equity Partners LLC bought a new position in shares of Activision Blizzard in the 3rd quarter worth $204,000. 86.57% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the stock. Vetr raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $62.29 price target on the stock in a report on Tuesday, December 5th. Piper Jaffray Companies reissued a “buy” rating and issued a $70.00 price target on shares of Activision Blizzard in a report on Wednesday, November 8th. Hilliard Lyons raised shares of Activision Blizzard from an “underperform” rating to a “neutral” rating in a report on Wednesday, November 8th. UBS increased their price target on shares of Activision Blizzard from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, Morgan Stanley increased their price target on shares of Activision Blizzard from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, November 3rd. Five analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Activision Blizzard has an average rating of “Buy” and an average price target of $68.71.

Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) opened at $62.43 on Monday. Activision Blizzard, Inc. has a 12 month low of $35.86 and a 12 month high of $67.03. The stock has a market cap of $47,200.00, a price-to-earnings ratio of 28.38, a PEG ratio of 2.17 and a beta of 1.03. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $63.64, for a total value of $1,257,590.04. Following the completion of the sale, the chief executive officer now owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.12% of the stock is currently owned by corporate insiders.

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Activision Blizzard Company 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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