Signature Financial Management Inc. lowered its position in Activision Blizzard, Inc (NASDAQ:ATVI) by 19.9% during the second quarter, Holdings Channel reports. The fund owned 3,941 shares of the company’s stock after selling 978 shares during the period. Signature Financial Management Inc.’s holdings in Activision Blizzard were worth $227,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of ATVI. Shine Investment Advisory Services Inc. purchased a new position in shares of Activision Blizzard during the second quarter worth $142,000. Huntington National Bank increased 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 increased 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. increased 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. Finally, Family Legacy Inc. purchased a new position in shares of Activision Blizzard during the second quarter worth $232,000. Institutional investors and hedge funds own 87.39% of the company’s stock.
Shares of Activision Blizzard, Inc (ATVI) opened at 60.74 on Monday. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $64.06. The company’s 50-day moving average is $60.30 and its 200 day moving average is $53.02. The company has a market cap of $45.85 billion, a PE ratio of 41.01 and a beta of 1.07.
A number of equities analysts recently weighed in on the stock. Wedbush set a $63.00 target price on shares of Activision Blizzard and gave the stock a “buy” rating in a report on Saturday, May 6th. UBS AG restated a “buy” rating and set a $60.00 target price (up from $57.00) on shares of Activision Blizzard in a report on Friday, May 5th. 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 Wednesday, August 9th. 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. Finally, Robert W. Baird restated an “outperform” rating and set a $68.00 target price (up from $60.00) on shares of Activision Blizzard in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Activision Blizzard has a consensus rating of “Buy” and an average price target of $62.36.
In other news, Director Brian G. Kelly sold 3,685,000 shares of Activision Blizzard stock in a transaction dated Wednesday, August 9th. The stock was 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 approximately $11,753,756.63. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO of King Digital Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $55.45, for a total value of $1,095,747.45. Following the completion of the sale, the insider now owns 55,509 shares of the company’s stock, valued at approximately $3,077,974.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,914,879 shares of company stock valued at $242,371,204. Corporate insiders own 2.12% of the company’s stock.
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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