Parametric Portfolio Associates LLC boosted its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 118.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,711,416 shares of the company’s stock after purchasing an additional 926,519 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.23% of Activision Blizzard worth $98,526,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. bought a new position in Activision Blizzard during the second quarter worth $142,000. Huntington National Bank boosted its position in Activision Blizzard by 122.6% during the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after purchasing an additional 1,366 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in Activision Blizzard by 16.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock worth $150,000 after purchasing an additional 363 shares during the period. Guardian Life Insurance Co. of America boosted its position in Activision Blizzard by 1.9% during the first quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock worth $133,000 after purchasing an additional 51 shares during the period. Finally, Yorktown Management & Research Co Inc bought a new position in Activision Blizzard during the second quarter worth $201,000. 86.27% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the completion of the sale, the chief executive officer now owns 48,472 shares in the company, valued at approximately $2,972,303.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Brian G. Kelly sold 111,239 shares of Activision Blizzard stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $62.44, for a total value of $6,945,763.16. Following the sale, the director now owns 189,791 shares of the company’s stock, valued at approximately $11,850,550.04. The disclosure for this sale can be found here. In the last quarter, 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.
Shares of Activision Blizzard, Inc (NASDAQ ATVI) traded down 0.33% on Friday, reaching $63.90. The company’s stock had a trading volume of 5,665,204 shares. Activision Blizzard, Inc has a 12 month low of $35.12 and a 12 month high of $66.58. The stock has a market cap of $48.24 billion, a P/E ratio of 43.15 and a beta of 1.08. The firm’s 50-day moving average price is $63.45 and its 200-day moving average price is $57.13.
A number of research firms have commented on ATVI. Robert W. Baird reaffirmed an “outperform” rating and set a $68.00 price objective on shares of Activision Blizzard in a research report on Wednesday. BMO Capital Markets reaffirmed a “market perform” rating and set a $62.00 price objective (up from $60.00) on shares of Activision Blizzard in a research report on Wednesday. Buckingham Research began coverage on shares of Activision Blizzard in a research report on Wednesday. They set a “buy” rating and a $79.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of Activision Blizzard in a research report on Sunday, September 10th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $69.00 price objective on shares of Activision Blizzard in a research report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. Activision Blizzard currently has an average rating of “Buy” and an average target price of $64.23.
About Activision Blizzard
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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