Arrow Financial Corp cut its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 27.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,050 shares of the company’s stock after selling 7,500 shares during the period. Arrow Financial Corp’s holdings in Activision Blizzard were worth $1,154,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ATVI. Harwood Advisory Group LLC raised its stake in shares of 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 period. Guardian Life Insurance Co. of America raised its stake 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 valued at $133,000 after buying an additional 51 shares during the period. TIAA CREF Trust Co. FSB MO raised its stake in shares of 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 period. Bbva Compass Bancshares Inc. raised its stake in shares of 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 period. Finally, Steinberg Global Asset Management raised its stake in shares of 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 period. Institutional investors and hedge funds own 87.37% of the company’s stock.

Activision Blizzard, Inc (ATVI) opened at 61.33 on Wednesday. Activision Blizzard, Inc has a 12 month low of $35.12 and a 12 month high of $64.06. The firm has a 50-day moving average price of $60.15 and a 200 day moving average price of $52.22. The firm has a market capitalization of $46.22 billion, a price-to-earnings ratio of 45.00 and a beta of 1.07.

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Several analysts have recently weighed in on the company. Wedbush set a $63.00 price objective on Activision Blizzard and gave the company a “buy” rating in a report on Saturday, May 6th. UBS AG restated a “buy” rating and issued a $60.00 price objective (up previously from $57.00) on shares of Activision Blizzard in a report on Friday, May 5th. Cowen and Company restated an “outperform” rating and issued a $66.00 price objective (up previously from $59.00) on shares of Activision Blizzard in a report on Wednesday. Piper Jaffray Companies restated an “overweight” rating and issued a $65.00 price objective on shares of Activision Blizzard in a report on Tuesday, July 18th. Finally, Credit Suisse Group upped their price objective on Activision Blizzard from $61.00 to $62.00 and gave the company an “outperform” rating in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $61.08.

In other news, CEO of King Digital Riccardo Zacconi sold 19,761 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 55,509 shares in the company, valued at $3,077,974.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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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Institutional Ownership by Quarter for Activision Blizzard (NASDAQ:ATVI)

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