Raymond James & Associates Sells 5,645 Shares of Activision Blizzard, Inc. (NASDAQ:ATVI)

Posted by Defense World Staff on May 15th, 2023

Raymond James & Associates trimmed its position in Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 251,229 shares of the company’s stock after selling 5,645 shares during the quarter. Raymond James & Associates’ holdings in Activision Blizzard were worth $19,232,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Flossbach Von Storch AG grew its stake in Activision Blizzard by 85.6% in the 4th quarter. Flossbach Von Storch AG now owns 11,427,722 shares of the company’s stock valued at $874,792,000 after buying an additional 5,270,426 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in Activision Blizzard by 81.1% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 6,493,127 shares of the company’s stock valued at $482,699,000 after buying an additional 2,906,994 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Activision Blizzard by 3.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,707,853 shares of the company’s stock valued at $297,037,000 after buying an additional 116,118 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Activision Blizzard by 898.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,521,277 shares of the company’s stock valued at $269,554,000 after buying an additional 3,168,462 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Activision Blizzard in the 1st quarter valued at about $281,635,000. 79.34% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Peter J. Nolan acquired 13,160 shares of Activision Blizzard stock in a transaction that occurred on Wednesday, May 3rd. The stock was bought at an average price of $75.99 per share, with a total value of $1,000,028.40. Following the completion of the purchase, the director now owns 174,777 shares in the company, valued at $13,281,304.23. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Peter J. Nolan purchased 13,160 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were purchased at an average price of $75.99 per share, with a total value of $1,000,028.40. Following the acquisition, the director now directly owns 174,777 shares of the company’s stock, valued at $13,281,304.23. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Daniel Alegre sold 8,847 shares of the stock in a transaction on Monday, March 13th. The stock was sold at an average price of $78.50, for a total transaction of $694,489.50. Following the completion of the transaction, the chief operating officer now directly owns 156,170 shares in the company, valued at approximately $12,259,345. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on ATVI shares. StockNews.com upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating in a research report on Thursday, April 27th. Truist Financial increased their price target on shares of Activision Blizzard from $81.00 to $84.00 in a research report on Wednesday, April 26th. Citigroup increased their price target on shares of Activision Blizzard from $88.00 to $91.00 and gave the stock a “buy” rating in a research report on Sunday, March 26th. Wedbush reissued an “outperform” rating and issued a $95.00 price objective on shares of Activision Blizzard in a research note on Friday, January 27th. Finally, Stifel Nicolaus dropped their price objective on shares of Activision Blizzard from $95.00 to $88.00 in a research note on Tuesday, May 2nd. Sixteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Activision Blizzard currently has a consensus rating of “Buy” and a consensus target price of $91.53.

Activision Blizzard Stock Performance

Shares of ATVI stock opened at $77.37 on Monday. The firm has a market cap of $60.68 billion, a price-to-earnings ratio of 32.92, a P/E/G ratio of 2.27 and a beta of 0.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 5.15 and a current ratio of 5.15. Activision Blizzard, Inc. has a 52 week low of $70.94 and a 52 week high of $87.01. The firm’s 50-day simple moving average is $81.23 and its two-hundred day simple moving average is $77.51.

Activision Blizzard Company 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.