HighTower Advisors LLC Purchases 6,901 Shares of Activision Blizzard, Inc (ATVI)

HighTower Advisors LLC raised its position in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 25.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,850 shares of the company’s stock after buying an additional 6,901 shares during the quarter. HighTower Advisors LLC’s holdings in Activision Blizzard were worth $1,952,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Harwood Advisory Group LLC lifted its position in Activision Blizzard by 0.7% during 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 period. Guardian Life Insurance Co. of America lifted 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 valued at $133,000 after buying an additional 51 shares during the period. D.A. Davidson & CO. lifted its position in Activision Blizzard by 0.7% during the second quarter. D.A. Davidson & CO. now owns 8,926 shares of the company’s stock valued at $513,000 after buying an additional 58 shares during the period. Accuvest Global Advisors lifted its position in Activision Blizzard by 2.0% during the second quarter. Accuvest Global Advisors now owns 9,758 shares of the company’s stock valued at $562,000 after buying an additional 194 shares during the period. Finally, Commerce Bank lifted its position in Activision Blizzard by 1.7% during the second quarter. Commerce Bank now owns 11,883 shares of the company’s stock valued at $684,000 after buying an additional 199 shares during the period. 86.27% of the stock is owned by institutional investors and hedge funds.

Shares of Activision Blizzard, Inc (NASDAQ:ATVI) opened at 63.25 on Monday. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $66.58. The firm’s 50 day moving average price is $64.02 and its 200-day moving average price is $58.35. The company has a market capitalization of $47.75 billion, a P/E ratio of 42.71 and a beta of 1.10. Activision Blizzard also was the target of some unusual options trading on Friday. Investors acquired 12,742 call options on the company. This is an increase of 179% compared to the average volume of 4,560 call options.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian G. Kelly sold 3,685,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 189,791 shares in the company, valued at $11,753,756.63. The disclosure for this sale can be found here. Insiders sold 4,074,879 shares of company stock worth $252,196,001 over the last three months. Corporate insiders own 2.12% of the company’s stock.

WARNING: This news story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/09/hightower-advisors-llc-purchases-6901-shares-of-activision-blizzard-inc-atvi.html.

Several equities analysts have commented on the company. Barclays PLC assumed coverage on Activision Blizzard in a research report on Wednesday, October 4th. They set an “equal weight” rating and a $65.00 price objective for the company. CIBC reissued an “outperform” rating and set a $70.00 price objective (up previously from $60.00) on shares of Activision Blizzard in a research report on Thursday, June 22nd. Vetr raised Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $65.85 price objective for the company in a research report on Thursday, June 15th. BidaskClub lowered Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Finally, Robert W. Baird reissued an “outperform” rating on shares of Activision Blizzard in a research report on Monday, July 3rd. One analyst has rated the stock with a sell rating, five have issued a hold ra

A number of other institutional investors have also recently made changes to their positions in the business. Harwood Advisory Group LLC lifted its position in Activision Blizzard by 0.7% during 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 period. Guardian Life Insurance Co. of America lifted 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 valued at $133,000 after buying an additional 51 shares during the period. D.A. Davidson & CO. lifted its position in Activision Blizzard by 0.7% during the second quarter. D.A. Davidson & CO. now owns 8,926 shares of the company’s stock valued at $513,000 after buying an additional 58 shares during the period. Accuvest Global Advisors lifted its position in Activision Blizzard by 2.0% during the second quarter. Accuvest Global Advisors now owns 9,758 shares of the company’s stock valued at $562,000 after buying an additional 194 shares during the period. Finally, Commerce Bank lifted its position in Activision Blizzard by 1.7% during the second quarter. Commerce Bank now owns 11,883 shares of the company’s stock valued at $684,000 after buying an additional 199 shares during the period. 86.27% of the stock is owned by institutional investors and hedge funds.

Shares of Activision Blizzard, Inc (NASDAQ:ATVI) opened at 63.25 on Monday. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $66.58. The firm’s 50 day moving average price is $64.02 and its 200-day moving average price is $58.35. The company has a market capitalization of $47.75 billion, a P/E ratio of 42.71 and a beta of 1.10. Activision Blizzard also was the target of some unusual options trading on Friday. Investors acquired 12,742 call options on the company. This is an increase of 179% compared to the average volume of 4,560 call options.

In other news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian G. Kelly sold 3,685,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 189,791 shares in the company, valued at $11,753,756.63. The disclosure for this sale can be found here. Insiders sold 4,074,879 shares of company stock worth $252,196,001 over the last three months. Corporate insiders own 2.12% of the company’s stock.

WARNING: This news story was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/09/hightower-advisors-llc-purchases-6901-shares-of-activision-blizzard-inc-atvi.html.

Several equities analysts have commented on the company. Barclays PLC assumed coverage on Activision Blizzard in a research report on Wednesday, October 4th. They set an “equal weight” rating and a $65.00 price objective for the company. CIBC reissued an “outperform” rating and set a $70.00 price objective (up previously from $60.00) on shares of Activision Blizzard in a research report on Thursday, June 22nd. Vetr raised Activision Blizzard from a “buy” rating to a “strong-buy” rating and set a $65.85 price objective for the company in a research report on Thursday, June 15th. BidaskClub lowered Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Finally, Robert W. Baird reissued an “outperform” rating on shares of Activision Blizzard in a research report on Monday, July 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-four have given a buy rating to the company. Activision Blizzard presently has an average rating of “Buy” and a consensus price target of $64.92.

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.

Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision Blizzard, Inc (NASDAQ:ATVI).

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

Receive News & Ratings for Activision Blizzard Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply