IFP Advisors Inc lowered its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 8.3% during the second quarter, Holdings Channel reports. The fund owned 14,917 shares of the company’s stock after selling 1,350 shares during the period. IFP Advisors Inc’s holdings in Activision Blizzard were worth $859,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Huntington National Bank raised its stake in Activision Blizzard by 122.6% in the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after buying an additional 1,366 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake 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. Benjamin F. Edwards & Company Inc. raised its stake in Activision Blizzard by 504.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,023 shares of the company’s stock valued at $151,000 after buying an additional 2,523 shares during the last quarter. Family Legacy Inc. acquired a new stake in Activision Blizzard during the second quarter valued at $232,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Activision Blizzard during the first quarter valued at $202,000. Hedge funds and other institutional investors own 87.37% of the company’s stock.

Shares of Activision Blizzard, Inc (NASDAQ ATVI) opened at 61.38 on Thursday. The firm has a 50-day moving average of $60.32 and a 200-day moving average of $52.81. The firm has a market capitalization of $46.26 billion, a P/E ratio of 45.03 and a beta of 1.07. Activision Blizzard, Inc has a one year low of $35.12 and a one year high of $64.06.

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ATVI has been the subject of several recent research reports. Wedbush set a $63.00 price target on shares of Activision Blizzard and gave the stock a “buy” rating in a research report on Saturday, May 6th. UBS AG restated a “buy” rating and set a $60.00 price target (up previously from $57.00) on shares of Activision Blizzard in a research report on Friday, May 5th. Robert W. Baird restated an “outperform” rating and set a $68.00 price target (up previously from $60.00) on shares of Activision Blizzard in a research report on Thursday. Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price target for the company in a research report on Wednesday. Finally, Cowen and Company restated an “outperform” rating and set a $66.00 price target (up previously from $59.00) on shares of Activision Blizzard in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. Activision Blizzard presently has a consensus rating of “Buy” and an average target price of $62.36.

In related news, Director Brian G. Kelly sold 111,239 shares of Activision Blizzard stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $62.44, for a total value of $6,945,763.16. Following the completion of the sale, the director now directly owns 189,791 shares in the company, valued at $11,850,550.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO of King Digital Riccardo Zacconi sold 19,761 shares of Activision Blizzard 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 completion of the sale, the insider now owns 55,509 shares of the company’s stock, valued at $3,077,974.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,914,879 shares of company stock valued at $242,371,204. 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.

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

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