MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Grows Holdings in Activision Blizzard, Inc. (NASDAQ:ATVI)

Posted by Defense World Staff on Apr 2nd, 2023

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) by 119.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,173 shares of the company’s stock after buying an additional 7,173 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Activision Blizzard were worth $1,008,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Activision Blizzard in the 3rd quarter worth approximately $33,000. Activest Wealth Management lifted its holdings in shares of Activision Blizzard by 203.9% in the 3rd quarter. Activest Wealth Management now owns 471 shares of the company’s stock worth $35,000 after acquiring an additional 316 shares during the last quarter. Fairfield Bush & CO. bought a new stake in shares of Activision Blizzard in the 1st quarter worth approximately $41,000. Evermay Wealth Management LLC lifted its holdings in shares of Activision Blizzard by 33.3% in the 3rd quarter. Evermay Wealth Management LLC now owns 684 shares of the company’s stock worth $51,000 after acquiring an additional 171 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV bought a new stake in shares of Activision Blizzard in the 3rd quarter worth approximately $58,000. Hedge funds and other institutional investors own 79.34% of the company’s stock.

Analysts Set New Price Targets

ATVI has been the subject of a number of recent research reports. Roth Capital restated a “buy” rating on shares of Activision Blizzard in a report on Friday, February 10th. StockNews.com initiated coverage on shares of Activision Blizzard in a report on Thursday, March 16th. They issued a “hold” rating for the company. Edward Jones upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating in a report on Tuesday, December 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and upped their price target for the company from $83.00 to $90.00 in a report on Thursday, February 16th. 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 equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.57.

Activision Blizzard Stock Up 0.8 %

Shares of Activision Blizzard stock opened at $85.59 on Friday. The company has a current ratio of 4.07, a quick ratio of 4.07 and a debt-to-equity ratio of 0.19. The company’s fifty day simple moving average is $78.05 and its two-hundred day simple moving average is $75.93. The company has a market cap of $67.13 billion, a P/E ratio of 44.58, a PEG ratio of 2.57 and a beta of 0.42. Activision Blizzard, Inc. has a 12-month low of $70.94 and a 12-month high of $85.74.

Insider Buying and Selling at Activision Blizzard

In other news, COO Daniel Alegre sold 8,847 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $78.50, for a total value of $694,489.50. Following the sale, the chief operating officer now directly owns 156,170 shares of the company’s stock, valued at approximately $12,259,345. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Activision Blizzard Profile

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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.