Activision Blizzard, Inc (NASDAQ:ATVI) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 8,768,571 shares, a decrease of 23.3% from the July 14th total of 11,434,449 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 5,090,459 shares, the short-interest ratio is presently 1.7 days.

ATVI has been the topic of a number of research analyst reports. Wedbush set a $63.00 target price on shares of Activision Blizzard and gave the company a “buy” rating in a research note on Saturday, May 6th. Jefferies Group LLC reiterated a “buy” rating and issued a $55.00 target price on shares of Activision Blizzard in a research note on Tuesday, April 18th. Vetr upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $50.88 target price on the stock in a research note on Monday, April 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $59.00 target price (up from $53.00) on shares of Activision Blizzard in a research note on Tuesday, May 2nd. Finally, Benchmark Co. reiterated a “buy” rating and issued a $57.88 target price (up from $53.96) on shares of Activision Blizzard in a research note on Monday, May 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Activision Blizzard has a consensus rating of “Buy” and a consensus target price of $62.36.

Shares of Activision Blizzard (ATVI) opened at 60.74 on Friday. 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 price-to-earnings ratio of 41.01 and a beta of 1.07. Activision Blizzard has a 12-month low of $35.12 and a 12-month high of $64.06.

In other Activision Blizzard news, CEO of King Digital Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were 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 directly owns 55,509 shares of the company’s stock, valued at approximately $3,077,974.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brian G. Kelly sold 3,685,000 shares of the company’s 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 directly owns 189,791 shares of the company’s stock, valued at $11,753,756.63. The disclosure for this sale can be found here. Insiders sold a total of 3,914,879 shares of company stock valued at $242,371,204 over the last ninety days. 2.12% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Global Financial Private Capital LLC increased its position in Activision Blizzard by 5.2% in the second quarter. Global Financial Private Capital LLC now owns 31,714 shares of the company’s stock valued at $1,826,000 after buying an additional 1,574 shares during the period. Veritable L.P. increased its position in Activision Blizzard by 5.6% in the second quarter. Veritable L.P. now owns 14,462 shares of the company’s stock valued at $833,000 after buying an additional 766 shares during the period. Hancock Holding Co. increased its position in Activision Blizzard by 29.9% in the second quarter. Hancock Holding Co. now owns 17,124 shares of the company’s stock valued at $986,000 after buying an additional 3,937 shares during the period. Parametric Portfolio Associates LLC increased its position in Activision Blizzard by 118.0% in the second quarter. Parametric Portfolio Associates LLC now owns 1,711,416 shares of the company’s stock valued at $98,526,000 after buying an additional 926,519 shares during the period. Finally, Advisor Group Inc. increased its position in Activision Blizzard by 30.6% in the second quarter. Advisor Group Inc. now owns 19,556 shares of the company’s stock valued at $1,127,000 after buying an additional 4,586 shares during the period. 87.37% of the stock is currently owned by hedge funds and other institutional investors.

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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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