Baird Financial Group Inc. increased its stake in Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) by 128.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,998 shares of the company’s stock after buying an additional 73,599 shares during the period. Baird Financial Group Inc.’s holdings in Activision Blizzard were worth $10,028,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in ATVI. Fairfield Bush & CO. bought a new stake in shares of Activision Blizzard in the first quarter worth $41,000. Evermay Wealth Management LLC increased its stake in shares of Activision Blizzard by 33.3% in the third quarter. Evermay Wealth Management LLC now owns 684 shares of the company’s stock worth $51,000 after buying an additional 171 shares during the last quarter. CoreCap Advisors LLC bought a new stake in shares of Activision Blizzard in the fourth quarter worth $51,000. Castleview Partners LLC increased its stake in shares of Activision Blizzard by 106.3% in the fourth quarter. Castleview Partners LLC now owns 817 shares of the company’s stock worth $63,000 after buying an additional 421 shares during the last quarter. Finally, Clearstead Trust LLC bought a new stake in shares of Activision Blizzard in the fourth quarter worth $63,000. Institutional investors own 79.34% of the company’s stock.
Insider Buying and Selling
In related 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 acquired at an average price of $75.99 per share, with a total value of $1,000,028.40. Following the completion of the acquisition, the director now directly owns 174,777 shares of the company’s stock, valued at approximately $13,281,304.23. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Activision Blizzard 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 completion of the sale, the chief operating officer now directly owns 156,170 shares of the company’s stock, valued at approximately $12,259,345. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter J. Nolan purchased 13,160 shares of the business’s stock in a transaction on Wednesday, May 3rd. The stock was acquired at an average cost of $75.99 per share, with a total value of $1,000,028.40. Following the completion of the acquisition, the director now directly owns 174,777 shares in the company, valued at approximately $13,281,304.23. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.
Activision Blizzard Stock Performance
Wall Street Analyst Weigh In
Several analysts have weighed in on ATVI shares. Deutsche Bank Aktiengesellschaft upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and boosted their target price for the company from $83.00 to $90.00 in a research note on Thursday, February 16th. StockNews.com started coverage on shares of Activision Blizzard in a research note on Thursday, May 18th. They set a “buy” rating for the company. Robert W. Baird lowered their target price on shares of Activision Blizzard from $95.00 to $90.00 in a research note on Thursday, April 27th. Truist Financial boosted their target price on shares of Activision Blizzard from $81.00 to $84.00 in a research note on Wednesday, April 26th. Finally, Stifel Nicolaus lowered their target price on shares of Activision Blizzard from $95.00 to $88.00 in a research note on Tuesday, May 2nd. Sixteen equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Activision Blizzard currently has an average rating of “Buy” and a consensus price target of $91.53.
Activision Blizzard Profile
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.
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