Activision Blizzard, Inc (ATVI) Shares Sold by Standard Life Investments LTD
Standard Life Investments LTD lowered its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 29.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,107,477 shares of the company’s stock after selling 1,702,397 shares during the quarter. Standard Life Investments LTD owned 0.55% of Activision Blizzard worth $236,448,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America grew its position in Activision Blizzard by 1.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock valued at $133,000 after purchasing an additional 51 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in Activision Blizzard in the 2nd quarter valued at $142,000. Huntington National Bank grew its position in Activision Blizzard by 122.6% in the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after purchasing an additional 1,366 shares during the period. Bronfman E.L. Rothschild L.P. grew its position in Activision Blizzard by 16.2% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after purchasing an additional 363 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in Activision Blizzard in the 1st quarter valued at $202,000. Institutional investors own 86.33% of the company’s stock.
Shares of Activision Blizzard, Inc (NASDAQ ATVI) traded down 1.59% during midday trading on Wednesday, hitting $65.04. The stock had a trading volume of 1,852,748 shares. Activision Blizzard, Inc has a 12 month low of $35.12 and a 12 month high of $66.58. The stock’s 50 day moving average price is $62.86 and its 200 day moving average price is $56.31. The firm has a market cap of $49.10 billion, a price-to-earnings ratio of 43.92 and a beta of 1.08.
In other news, Director Brian G. Kelly sold 3,685,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $61.93, for a total value of $228,212,050.00. Following the transaction, the director now owns 189,791 shares of the company’s stock, valued at $11,753,756.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dennis M. Durkin sold 160,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $60.68, for a total value of $9,708,800.00. Following the completion of the transaction, the insider now directly owns 337,534 shares in the company, valued at approximately $20,481,563.12. The disclosure for this sale can be found here. Insiders sold 4,074,879 shares of company stock worth $252,196,001 in the last ninety days. Corporate insiders own 2.12% of the company’s stock.
ATVI has been the topic of a number of analyst reports. Stifel Nicolaus reaffirmed a “buy” rating on shares of Activision Blizzard in a report on Sunday. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $69.00 price objective on shares of Activision Blizzard in a report on Friday, September 8th. Vetr raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.63 price objective on the stock in a report on Thursday, June 8th. MKM Partners reaffirmed a “buy” rating and set a $63.00 price objective (up from $60.00) on shares of Activision Blizzard in a report on Wednesday, July 26th. Finally, UBS AG reaffirmed a “buy” rating and set a $72.00 price objective (up from $67.00) on shares of Activision Blizzard in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $62.87.
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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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