15,433 Shares in Activision Blizzard, Inc (NASDAQ:ATVI) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new position in Activision Blizzard, Inc (NASDAQ:ATVI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,433 shares of the company’s stock, valued at approximately $903,000.

Several other large investors also recently made changes to their positions in the company. Harwood Advisory Group LLC raised its position in Activision Blizzard by 0.7% in the second quarter. Harwood Advisory Group LLC now owns 5,288 shares of the company’s stock valued at $304,000 after buying an additional 36 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in 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 valued at $133,000 after buying an additional 51 shares during the last quarter. TIAA CREF Trust Co. FSB MO raised its position in Activision Blizzard by 0.7% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 12,157 shares of the company’s stock valued at $606,000 after buying an additional 90 shares during the last quarter. Bbva Compass Bancshares Inc. raised its position in Activision Blizzard by 0.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 51,579 shares of the company’s stock valued at $2,572,000 after buying an additional 131 shares during the last quarter. Finally, Steinberg Global Asset Management raised its position in Activision Blizzard by 0.4% in the first quarter. Steinberg Global Asset Management now owns 35,542 shares of the company’s stock valued at $1,772,000 after buying an additional 131 shares during the last quarter. 87.39% of the stock is currently owned by institutional investors.

Activision Blizzard, Inc (NASDAQ:ATVI) opened at 62.01 on Friday. The firm has a market cap of $46.81 billion, a PE ratio of 41.87 and a beta of 1.07. The firm has a 50-day moving average price of $60.72 and a 200 day moving average price of $53.83. Activision Blizzard, Inc has a 12-month low of $35.12 and a 12-month high of $64.06.

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Several research firms recently weighed in on ATVI. Argus reissued a “buy” rating and set a $70.00 price target (up from $65.00) on shares of Activision Blizzard in a research report on Wednesday. Robert W. Baird reissued an “outperform” rating and set a $68.00 price target (up from $60.00) on shares of Activision Blizzard in a research report on Thursday, August 10th. Credit Suisse Group reissued an “outperform” rating and set a $74.00 price target (up from $67.00) on shares of Activision Blizzard in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 target price on the stock in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $78.00 target price (up previously from $68.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $62.56.

In other news, insider Dennis M. Durkin sold 160,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $60.68, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $61.32, for a total value of $1,211,744.52. Following the sale, the chief executive officer now owns 48,472 shares of the company’s stock, valued at approximately $2,972,303.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,074,879 shares of company stock valued at $252,196,001. Corporate insiders own 2.12% of the company’s stock.

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.

Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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