Massmutual Trust Co. FSB ADV lowered its position in Activision Blizzard, Inc. (NASDAQ:ATVI – Get Rating) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,914 shares of the company’s stock after selling 356 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Activision Blizzard were worth $376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new stake in shares of Activision Blizzard during the first quarter valued at approximately $41,000. American Century Companies Inc. raised its stake in shares of Activision Blizzard by 3.3% during the first quarter. American Century Companies Inc. now owns 21,919 shares of the company’s stock valued at $1,756,000 after acquiring an additional 702 shares in the last quarter. Sei Investments Co. raised its stake in shares of Activision Blizzard by 8.9% during the first quarter. Sei Investments Co. now owns 61,175 shares of the company’s stock valued at $4,877,000 after acquiring an additional 5,014 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Activision Blizzard by 62.7% during the first quarter. Sequoia Financial Advisors LLC now owns 5,038 shares of the company’s stock valued at $404,000 after acquiring an additional 1,942 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of Activision Blizzard by 58.9% during the first quarter. Baird Financial Group Inc. now owns 122,289 shares of the company’s stock valued at $9,797,000 after acquiring an additional 45,326 shares in the last quarter. Institutional investors own 79.34% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently weighed in on ATVI. Truist Financial raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and lifted their price target for the company from $79.00 to $81.00 in a research note on Monday, November 28th. StockNews.com initiated coverage on shares of Activision Blizzard in a report on Thursday. They set a “hold” rating on the stock. Benchmark reissued a “buy” rating and set a $90.00 price objective on shares of Activision Blizzard in a report on Friday, March 10th. Wells Fargo & Company raised shares of Activision Blizzard from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective on the stock in a report on Monday, November 28th. Finally, Citigroup cut their price objective on shares of Activision Blizzard from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Friday, February 10th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.36.
Activision Blizzard Price Performance
Insiders Place Their Bets
In other news, COO Daniel Alegre sold 8,847 shares of the business’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $78.50, for a total transaction of $694,489.50. Following the sale, the chief operating officer now directly owns 156,170 shares of the company’s stock, valued at $12,259,345. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company’s stock.
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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