HAP Trading LLC Buys New Stake in Activision Blizzard, Inc (ATVI)

HAP Trading LLC bought a new stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 12,910 shares of the company’s stock, valued at approximately $833,000.

Other institutional investors also recently added to or reduced their stakes in the company. Allen Investment Management LLC acquired a new position in shares of Activision Blizzard during the 2nd quarter valued at $2,095,000. Pacad Investment Ltd. lifted its position in shares of Activision Blizzard by 131.0% during the 2nd quarter. Pacad Investment Ltd. now owns 119,447 shares of the company’s stock valued at $6,877,000 after acquiring an additional 67,742 shares during the period. Norinchukin Bank The increased its stake in Activision Blizzard by 7.1% during the 2nd quarter. Norinchukin Bank The now owns 48,118 shares of the company’s stock valued at $2,770,000 after purchasing an additional 3,170 shares in the last quarter. Brighton Jones LLC bought a new stake in Activision Blizzard during the 2nd quarter valued at $508,000. Finally, The Manufacturers Life Insurance Company increased its stake in Activision Blizzard by 39.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,101,771 shares of the company’s stock valued at $63,430,000 after purchasing an additional 309,181 shares in the last quarter. Institutional investors own 86.15% of the company’s stock.

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A number of analysts have commented on the stock. Piper Jaffray Companies restated a “buy” rating and set a $70.00 price target on shares of Activision Blizzard in a research note on Wednesday, November 8th. Hilliard Lyons upgraded shares of Activision Blizzard from an “underperform” rating to a “neutral” rating in a research note on Wednesday, November 8th. 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. UBS AG boosted their price target on shares of Activision Blizzard from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Finally, Morgan Stanley boosted their price target on shares of Activision Blizzard from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, November 3rd. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $68.75.

Activision Blizzard, Inc (ATVI) traded down $0.18 during midday trading on Friday, reaching $63.95. 2,410,511 shares of the company’s stock traded hands, compared to its average volume of 6,811,255. The stock has a market capitalization of $48,270.00, a P/E ratio of 28.59, a PEG ratio of 2.20 and a beta of 1.06. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year 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.

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.

Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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