The Activision Blizzard, Inc (ATVI) Position Boosted by Rathbone Brothers plc

The Activision Blizzard, Inc (ATVI) Position Boosted by Rathbone Brothers plc

Rathbone Brothers plc increased its holdings in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 3.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 845,106 shares of the company’s stock after acquiring an additional 28,018 shares during the quarter. Activision Blizzard comprises 2.4% of Rathbone Brothers plc’s investment portfolio, making the stock its 7th biggest position. Rathbone Brothers plc owned about 0.11% of Activision Blizzard worth $54,518,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in Activision Blizzard by 820.8% in the 2nd quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock valued at $1,168,587,000 after purchasing an additional 18,094,334 shares during the last quarter. Jennison Associates LLC boosted its holdings in Activision Blizzard by 82.6% in the 2nd quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock valued at $1,283,097,000 after purchasing an additional 10,083,717 shares during the last quarter. Capital World Investors boosted its holdings in Activision Blizzard by 23.8% in the 2nd quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock valued at $1,297,513,000 after purchasing an additional 4,327,000 shares during the last quarter. Caxton Associates LP acquired a new position in Activision Blizzard in the 1st quarter valued at about $149,610,000. Finally, Scopus Asset Management L.P. acquired a new position in Activision Blizzard in the 1st quarter valued at about $133,625,000. Hedge funds and other institutional investors own 86.34% of the company’s stock.

ATVI has been the topic of several recent analyst reports. Stifel Nicolaus reiterated a “buy” rating on shares of Activision Blizzard in a report on Sunday, September 10th. Piper Jaffray Companies reissued an “overweight” rating and issued a $69.00 price target on shares of Activision Blizzard in a research note on Friday, September 8th. Vetr raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.58 price target on the stock in a research note on Tuesday, October 10th. Cowen and Company downgraded shares of Activision Blizzard from an “outperform” rating to a “market perform” rating and set a $66.00 price target on the stock. in a research note on Monday, October 9th. Finally, MKM Partners reissued a “buy” rating and issued a $63.00 price target (up from $60.00) on shares of Activision Blizzard in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. Activision Blizzard currently has an average rating of “Buy” and a consensus target price of $67.74.

In other news, Director Brian G. Kelly sold 111,239 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $62.44, for a total transaction of $6,945,763.16. Following the completion of the transaction, the director now owns 189,791 shares of the company’s stock, valued at $11,850,550.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Brian G. Kelly sold 98,879 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $61.87, for a total transaction of $6,117,643.73. Following the transaction, the director now directly owns 189,791 shares of the company’s stock, valued at approximately $11,742,369.17. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,074,879 shares of company stock valued at $252,196,001. Corporate insiders own 2.12% of the company’s stock.

Shares of Activision Blizzard, Inc (NASDAQ ATVI) traded up 0.32% during trading on Thursday, reaching $62.01. 1,995,152 shares of the company’s stock were exchanged. The company’s 50-day moving average is $63.26 and its 200 day moving average is $59.58. Activision Blizzard, Inc has a 52 week low of $35.12 and a 52 week high of $66.58. The stock has a market capitalization of $46.81 billion, a PE ratio of 41.87 and a beta of 1.10.

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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