Spire Wealth Management reduced its holdings in shares of Activision Blizzard, Inc. (NASDAQ:ATVI – Free Report) by 10.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,720 shares of the company’s stock after selling 1,569 shares during the quarter. Spire Wealth Management’s holdings in Activision Blizzard were worth $1,157,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new stake in Activision Blizzard during the 1st quarter valued at $41,000. American Century Companies Inc. boosted its stake in shares of Activision Blizzard by 3.3% during the first quarter. American Century Companies Inc. now owns 21,919 shares of the company’s stock valued at $1,756,000 after acquiring an additional 702 shares during the last quarter. Sei Investments Co. increased its position in Activision Blizzard by 8.9% during the 1st quarter. Sei Investments Co. now owns 61,175 shares of the company’s stock worth $4,877,000 after purchasing an additional 5,014 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Activision Blizzard by 62.7% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,038 shares of the company’s stock valued at $404,000 after purchasing an additional 1,942 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in Activision Blizzard by 58.9% in the 1st quarter. Baird Financial Group Inc. now owns 122,289 shares of the company’s stock valued at $9,797,000 after purchasing an additional 45,326 shares in the last quarter. Institutional investors and hedge funds own 81.93% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on ATVI. UBS Group lowered shares of Activision Blizzard from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $95.00 to $96.00 in a research report on Thursday, July 20th. Roth Capital cut Activision Blizzard from a “buy” rating to a “neutral” rating in a report on Friday, July 21st. Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of Activision Blizzard in a research note on Friday, September 22nd. Citigroup downgraded shares of Activision Blizzard from a “buy” rating to a “neutral” rating and upped their price objective for the company from $90.00 to $95.00 in a research note on Thursday, July 20th. Finally, Roth Mkm downgraded shares of Activision Blizzard from a “buy” rating to a “neutral” rating and boosted their target price for the company from $88.00 to $95.00 in a report on Friday, July 21st. Sixteen analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Activision Blizzard presently has a consensus rating of “Hold” and a consensus target price of $94.24.
Activision Blizzard Stock Performance
Shares of ATVI opened at $94.42 on Thursday. The firm has a market cap of $74.29 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.61 and a beta of 0.44. The business’s 50 day moving average is $93.80 and its two-hundred day moving average is $88.21. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.17. Activision Blizzard, Inc. has a 52-week low of $70.94 and a 52-week high of $94.57.
About Activision Blizzard
Activision Blizzard, Inc, together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products.
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