Activision Blizzard, Inc. (ATVI) added to 98 new portfolios

Activision Blizzard, Inc. (NASDAQ:ATVI) produced a 76.57% rally since recording the worst price of $35.12. Thanks to the latest -6% decrease, it now trades at $62.01. Throughout the trading on 11/29/2017, the share price floated between $61.95 and $65.71. This company shares are 15.21% off its target price of $71.44 and the current market capitalization stands at $46.25B. The recent change has given its price a -2.02% deficit over SMA 50 and -7.49% deficit over its 52-week high. The stock witnessed -5.04% declines, -5.59% declines and 4.11% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ATVI’s volatility during a week at 2.4% and during a month it has been found around 2.59%.

Activision Blizzard, Inc. (ATVI) Top Holders

Institutional investors currently hold around $44.97 billion or 90.5% in ATVI stock. Look at its top three institutional owners. Fmr Llc owns $6.55 billion in Activision Blizzard, Inc., which represents roughly 14.16% of the company’s market cap and approximately 14.57% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 51,975,010 shares of the stock are valued at $3.43 billion. The third largest holder is Vanguard Group Inc, which currently holds $3.38 billion worth of this stock and that ownership represents nearly 7.3% of its market capitalization.

Activision Blizzard, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 411 institutional holders increased their position in Activision Blizzard, Inc. (NASDAQ:ATVI) by some 54,464,604 shares, 308 decreased positions by 48,844,035 and 95 held positions by 578,282,830. That puts total institutional holdings at 681,591,469 shares, according to SEC filings. The stock grabbed 98 new institutional investments totaling 14,573,915 shares while 51 institutional investors sold out their entire positions totaling 6,611,797 shares.

Activision Blizzard, Inc. (NASDAQ:ATVI) Insider Trades

Multiple company employees have indulged in significant insider trading. Activision Blizzard, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO, King Zacconi Riccardo has sold 19,761 shares of Activision Blizzard, Inc. (ATVI) in trading session dated Nov. 17, 2017. These shares are worth $1,257,590 and were traded at $63.64 each. The SEC filing shows that Zacconi Riccardo performed a sale of 19,761 shares. The CEO, King disposed these shares by way of transaction on Aug. 18, 2017. The company’s shares were given away at $61.32 per share worth to an income of some $1,211,745 on account of Zacconi Riccardo.

Chief Corporate Officer, Durkin Dennis M, sold 160,000 common shares of Activision Blizzard, Inc. (ATVI) in the open market. In a transaction dated Aug. 11, 2017, the shares were put up for sale at an average price of $60.68, raking in a sum of $9,708,800. After this sale, 162,534 common shares of ATVI are directly owned by the insider, with total stake valued at $10,078,733.

In the transaction dated Aug. 09, 2017, the great number of shares disposed came courtesy the Director; Kelly Brian G disposed a total of 3,685,000 shares at an average price of $61.93, amounting to approximately $228,212,050. The insider now directly owns 4,125,175 shares worth $255,802,102.

Activision Blizzard, Inc. (ATVI) Analyst Guide

Several analysts have released their opinion on Activision Blizzard, Inc. (NASDAQ:ATVI), with 15 analysts believing it is a strong buy. Whereas 4 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.45 average brokerage recommendation.

Previous articleApproach Resources, Inc. (AREX) loses confidence of 18 hedge fund managers
Next articleThe Container Store Group, Inc. (TCS) held by 19 SEC 13F Filers