Industrial Alliance Investment Management Inc. Has $3.63 Million Holdings in Activision Blizzard, Inc. (NASDAQ:ATVI)

Posted by Defense World Staff on Mar 16th, 2023

Industrial Alliance Investment Management Inc. raised its position in Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) by 4.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 48,764 shares of the company’s stock after acquiring an additional 1,860 shares during the period. Industrial Alliance Investment Management Inc.’s holdings in Activision Blizzard were worth $3,625,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Activision Blizzard in the third quarter valued at approximately $33,000. Activest Wealth Management boosted its position in shares of Activision Blizzard by 203.9% during the third quarter. Activest Wealth Management now owns 471 shares of the company’s stock valued at $35,000 after buying an additional 316 shares during the last quarter. Fairfield Bush & CO. purchased a new position in shares of Activision Blizzard during the first quarter valued at approximately $41,000. Evermay Wealth Management LLC boosted its position in shares of Activision Blizzard by 33.3% during the third quarter. Evermay Wealth Management LLC now owns 684 shares of the company’s stock valued at $51,000 after buying an additional 171 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV purchased a new position in shares of Activision Blizzard during the third quarter valued at approximately $58,000. Institutional investors and hedge funds own 79.34% of the company’s stock.

Insider Transactions at Activision Blizzard

In other news, COO Daniel Alegre sold 8,847 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $78.50, for a total value of $694,489.50. Following the completion of the sale, the chief operating officer now owns 156,170 shares of the company’s stock, valued at approximately $12,259,345. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ATVI shares. Benchmark reaffirmed a “buy” rating and set a $90.00 target price on shares of Activision Blizzard in a research report on Friday, March 10th. JPMorgan Chase & Co. cut their target price on Activision Blizzard from $95.00 to $86.00 in a research report on Monday, November 28th. Wells Fargo & Company raised Activision Blizzard from an “equal weight” rating to an “overweight” rating and set a $95.00 target price on the stock in a research report on Monday, November 28th. Robert W. Baird upgraded Activision Blizzard from a “neutral” rating to an “outperform” rating and set a $95.00 price target on the stock in a report on Tuesday, November 22nd. Finally, Wedbush reiterated an “outperform” rating and set a $95.00 price target on shares of Activision Blizzard in a report on Friday, January 27th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Activision Blizzard presently has an average rating of “Moderate Buy” and a consensus price target of $91.36.

Activision Blizzard Price Performance

Activision Blizzard stock opened at $79.26 on Thursday. Activision Blizzard, Inc. has a 52 week low of $70.94 and a 52 week high of $81.50. The business has a 50-day simple moving average of $76.63 and a 200 day simple moving average of $75.59. The company has a quick ratio of 4.07, a current ratio of 4.07 and a debt-to-equity ratio of 0.19. The stock has a market cap of $62.16 billion, a price-to-earnings ratio of 41.28, a PEG ratio of 2.37 and a beta of 0.42.

About Activision Blizzard

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Activision Blizzard, Inc engages in the development and publication of entertainment content and services. It operates through the following segments: Activision Publishing Inc, Blizzard Entertainment Inc, and King Digital Entertainment. The Activision Publishing Inc segment delivers content through both premium and free-to-play offerings, as well as by licensing software to third-party or related-party companies that distribute Activision products.