TD Asset Management Inc. lowered its position in shares of Activision Blizzard, Inc. (NASDAQ:ATVI) by 16.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 363,349 shares of the company’s stock after selling 74,054 shares during the quarter. TD Asset Management Inc.’s holdings in Activision Blizzard were worth $16,921,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Activision Blizzard during the fourth quarter valued at $45,000. Mondrian Capital Management LLC purchased a new stake in shares of Activision Blizzard during the fourth quarter valued at $47,000. Fusion Family Wealth LLC lifted its holdings in shares of Activision Blizzard by 111.5% during the fourth quarter. Fusion Family Wealth LLC now owns 1,375 shares of the company’s stock valued at $64,000 after purchasing an additional 725 shares during the last quarter. Dubuque Bank & Trust Co. purchased a new stake in shares of Activision Blizzard during the fourth quarter valued at $68,000. Finally, IMS Capital Management purchased a new stake in shares of Activision Blizzard during the third quarter valued at $69,000. 90.62% of the stock is owned by institutional investors and hedge funds.
Shares of ATVI traded down $1.25 during midday trading on Monday, reaching $42.16. 586,037 shares of the stock were exchanged, compared to its average volume of 10,909,767. Activision Blizzard, Inc. has a 12-month low of $42.53 and a 12-month high of $84.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.09 and a quick ratio of 2.01. The company has a market capitalization of $33.12 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.57 and a beta of 0.92.
Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Activision Blizzard from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Benchmark reduced their target price on Activision Blizzard from $87.00 to $68.00 and set a “buy” rating for the company in a report on Monday. Oppenheimer reaffirmed a “market perform” rating on shares of Activision Blizzard in a report on Tuesday, January 29th. Credit Suisse Group reaffirmed a “buy” rating and set a $70.00 target price on shares of Activision Blizzard in a report on Monday, February 4th. Finally, BidaskClub raised Activision Blizzard from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $66.68.
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Activision Blizzard Company Profile
Activision Blizzard, Inc develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices. The company operates through three segments: Activision Publishing, Inc; Blizzard Entertainment, Inc; and King Digital Entertainment. The company develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offers downloadable content.
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