Bronfman E.L. Rothschild L.P. grew its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 16.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,606 shares of the company’s stock after buying an additional 363 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Activision Blizzard were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. bought a new stake in shares of Activision Blizzard during the 2nd quarter worth about $142,000. Huntington National Bank raised its position in shares of Activision Blizzard by 122.6% during the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after buying an additional 1,366 shares in the last quarter. Guardian Life Insurance Co. of America raised its position in shares of Activision Blizzard by 1.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock worth $133,000 after buying an additional 51 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Activision Blizzard by 504.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,023 shares of the company’s stock worth $151,000 after purchasing an additional 2,523 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. acquired a new position in shares of Activision Blizzard in the 2nd quarter worth approximately $206,000. Institutional investors own 86.33% of the company’s stock.
Shares of Activision Blizzard, Inc (NASDAQ ATVI) traded up 0.192% during mid-day trading on Friday, hitting $65.295. 3,690,726 shares of the stock were exchanged. The firm has a 50-day moving average price of $63.20 and a 200 day moving average price of $56.58. The company has a market capitalization of $49.29 billion, a PE ratio of 44.088 and a beta of 1.08. Activision Blizzard, Inc has a 12-month low of $35.12 and a 12-month high of $66.58.
Several equities analysts have recently issued reports on ATVI shares. Argus lifted their price objective on shares of Activision Blizzard from $53.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, May 22nd. Vetr cut shares of Activision Blizzard from a “buy” rating to a “hold” rating and set a $59.65 price objective on the stock. in a research note on Tuesday, May 23rd. Macquarie reaffirmed an “outperform” rating and issued a $58.00 price objective on shares of Activision Blizzard in a research note on Wednesday, May 31st. Morgan Stanley lifted their price objective on shares of Activision Blizzard from $57.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 7th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Activision Blizzard in a research note on Thursday, June 8th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Activision Blizzard has an average rating of “Buy” and a consensus target price of $62.87.
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In other Activision Blizzard news, Director Brian G. Kelly sold 111,239 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $62.44, for a total transaction of $6,945,763.16. Following the completion of the sale, the director now owns 189,791 shares of the company’s stock, valued at approximately $11,850,550.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian G. Kelly sold 3,685,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $61.93, for a total value of $228,212,050.00. Following the sale, the director now directly owns 189,791 shares of the company’s stock, valued at approximately $11,753,756.63. The disclosure for this sale can be found here. In the last three months, insiders sold 4,074,879 shares of company stock valued at $252,196,001. 2.12% of the stock is currently owned by insiders.
Activision Blizzard Profile
Activision Blizzard, Inc is a developer and publisher of interactive entertainment content and services. The Company develops and distributes content and services across various gaming platforms, including video game consoles, personal computers (PC) and mobile devices. Its segments include Activision Publishing, Inc (Activision), Blizzard Entertainment, Inc (Blizzard), King Digital Entertainment (King) and Other.
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