Shell Asset Management Co. maintained its stake in Activision Blizzard, Inc (NASDAQ:ATVI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,512 shares of the company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Activision Blizzard were worth $2,102,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Huntington National Bank raised its position in shares of Activision Blizzard by 122.6% in the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after buying an additional 1,366 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in shares of Activision Blizzard by 1.9% in the first 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 during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Activision Blizzard by 504.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,023 shares of the company’s stock worth $151,000 after buying an additional 2,523 shares during the last quarter. Family Legacy Inc. purchased a new position in shares of Activision Blizzard during the second quarter worth $232,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Activision Blizzard during the first quarter worth $202,000. Hedge funds and other institutional investors own 87.37% of the company’s stock.
Activision Blizzard, Inc (NASDAQ:ATVI) traded up 0.88% during mid-day trading on Friday, hitting $60.74. 5,571,259 shares of the stock traded hands. Activision Blizzard, Inc has a 12 month low of $35.12 and a 12 month high of $64.06. The stock has a market cap of $45.85 billion, a P/E ratio of 41.01 and a beta of 1.07. The stock has a 50-day moving average price of $60.30 and a 200-day moving average price of $53.02.
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A number of brokerages have recently weighed in on ATVI. Wedbush set a $63.00 price objective on Activision Blizzard and gave the company a “buy” rating in a research report on Saturday, May 6th. UBS AG restated a “buy” rating and set a $60.00 price objective (up previously from $57.00) on shares of Activision Blizzard in a research report on Friday, May 5th. Cowen and Company restated an “outperform” rating and set a $66.00 price objective (up previously from $59.00) on shares of Activision Blizzard in a research report on Wednesday. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective for the company in a research report on Wednesday. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $68.00 price target (up previously from $60.00) on shares of Activision Blizzard in a research report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Activision Blizzard has a consensus rating of “Buy” and a consensus target price of $62.36.
In other Activision Blizzard news, Director Brian G. Kelly sold 111,239 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $62.44, for a total transaction of $6,945,763.16. Following the sale, the director now directly owns 189,791 shares in the company, valued at approximately $11,850,550.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 transaction of $228,212,050.00. Following the completion of the sale, the director now owns 189,791 shares in the company, valued at $11,753,756.63. The disclosure for this sale can be found here. Insiders have sold a total of 3,914,879 shares of company stock valued at $242,371,204 in the last ninety days. 2.12% of the stock is currently owned by corporate insiders.
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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