Advisory Services Network LLC lifted its position in Activision Blizzard, Inc (NASDAQ:ATVI) by 142.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,405 shares of the company’s stock after acquiring an additional 6,117 shares during the period. Advisory Services Network LLC’s holdings in Activision Blizzard were worth $599,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Guardian Life Insurance Co. of America raised its position in shares of Activision Blizzard by 1.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock valued at $133,000 after acquiring an additional 51 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in shares of Activision Blizzard in the 2nd quarter valued at approximately $142,000. Huntington National Bank raised its position in shares of Activision Blizzard by 122.6% in the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after acquiring an additional 1,366 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in Activision Blizzard by 16.2% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after buying an additional 363 shares during the period. Finally, BB&T Investment Services Inc. acquired a new stake in Activision Blizzard during the 2nd quarter worth approximately $189,000. Institutional investors and hedge funds own 86.34% of the company’s stock.
Several brokerages have commented on ATVI. Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 target price on the stock in a report on Friday. Cowen and Company restated an “outperform” rating and set a $66.00 target price (up from $59.00) on shares of Activision Blizzard in a report on Wednesday, August 9th. Robert W. Baird reaffirmed an “outperform” rating and set a $68.00 price target (up from $60.00) on shares of Activision Blizzard in a research note on Thursday, August 10th. Jefferies Group LLC reaffirmed a “buy” rating and set a $78.00 price target (up from $68.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. Finally, KeyCorp reaffirmed a “buy” rating and set a $74.00 price target on shares of Activision Blizzard in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Activision Blizzard currently has a consensus rating of “Buy” and an average price target of $67.74.
In related news, Director Brian G. Kelly sold 3,685,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was 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 in the company, valued at $11,753,756.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Dennis M. Durkin sold 160,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $60.68, for a total value of $9,708,800.00. Following the completion of the sale, the insider now owns 337,534 shares in the company, valued at $20,481,563.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,074,879 shares of company stock valued at $252,196,001. Corporate insiders own 2.12% of the company’s stock.
Shares of Activision Blizzard, Inc (ATVI) traded up 3.06% during trading on Friday, reaching $63.96. The company’s stock had a trading volume of 2,741,409 shares. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $66.58. The stock’s 50 day moving average price is $63.26 and its 200-day moving average price is $59.58. The stock has a market cap of $48.28 billion, a price-to-earnings ratio of 43.19 and a beta of 1.10.
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Activision Blizzard Company 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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