Federated Investors Inc. PA reduced its holdings in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 93.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 19,807 shares of the company’s stock after selling 291,970 shares during the period. Federated Investors Inc. PA’s holdings in Activision Blizzard were worth $1,141,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of ATVI. BlackRock Inc. lifted its stake in shares of Activision Blizzard by 3,032.9% during the 1st quarter. BlackRock Inc. now owns 48,912,065 shares of the company’s stock worth $2,438,753,000 after acquiring an additional 47,350,818 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Activision Blizzard by 82.6% during the 2nd quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock worth $1,283,097,000 after acquiring an additional 10,083,717 shares during the last quarter. Egerton Capital UK LLP lifted its stake in shares of Activision Blizzard by 225.7% during the 1st quarter. Egerton Capital UK LLP now owns 12,219,008 shares of the company’s stock worth $609,240,000 after acquiring an additional 8,467,902 shares during the last quarter. Caxton Associates LP bought a new stake in shares of Activision Blizzard during the 1st quarter worth approximately $149,610,000. Finally, Iridian Asset Management LLC CT bought a new stake in shares of Activision Blizzard during the 1st quarter worth approximately $148,547,000. 86.27% of the stock is owned by hedge funds and other institutional investors.
Activision Blizzard, Inc (NASDAQ:ATVI) opened at 63.90 on Friday. Activision Blizzard, Inc has a 52 week low of $35.12 and a 52 week high of $66.58. The company’s 50-day moving average price is $63.45 and its 200 day moving average price is $57.13. The stock has a market capitalization of $48.24 billion, a P/E ratio of 43.15 and a beta of 1.08.
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A number of brokerages recently issued reports on ATVI. Piper Jaffray Companies reissued an “overweight” rating and set a $65.00 price target on shares of Activision Blizzard in a research note on Tuesday, July 18th. Argus reissued a “buy” rating and set a $70.00 price target (up from $65.00) on shares of Activision Blizzard in a research note on Wednesday, August 16th. Oppenheimer Holdings, Inc. raised their price target on Activision Blizzard from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. Vetr lowered Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $67.48 price target for the company. in a research note on Wednesday, July 12th. Finally, BidaskClub lowered Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Activision Blizzard presently has a consensus rating of “Buy” and an average price target of $64.23.
In other Activision Blizzard news, CEO Riccardo Zacconi sold 19,761 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the transaction, the chief executive officer now owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 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. Over the last 90 days, insiders sold 4,074,879 shares of company stock worth $252,196,001. 2.12% of the stock is owned by insiders.
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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