Baillie Gifford & Co. boosted its position in Activision Blizzard, Inc (NASDAQ:ATVI) by 7.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 918,514 shares of the company’s stock after buying an additional 63,486 shares during the period. Baillie Gifford & Co. owned approximately 0.12% of Activision Blizzard worth $59,253,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ATVI. Janus Henderson Group PLC lifted its holdings in Activision Blizzard by 820.8% in the second quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock valued at $1,168,587,000 after buying an additional 18,094,334 shares during the period. Jennison Associates LLC lifted its holdings in Activision Blizzard by 82.6% in the second quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock valued at $1,283,097,000 after buying an additional 10,083,717 shares during the period. Capital World Investors lifted its holdings in Activision Blizzard by 23.8% in the second quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock valued at $1,297,513,000 after buying an additional 4,327,000 shares during the period. Vanguard Group Inc. lifted its holdings in Activision Blizzard by 4.8% in the second quarter. Vanguard Group Inc. now owns 48,396,938 shares of the company’s stock valued at $2,786,211,000 after buying an additional 2,200,995 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Activision Blizzard by 149.8% in the second quarter. Alliancebernstein L.P. now owns 2,678,328 shares of the company’s stock valued at $154,191,000 after buying an additional 1,606,036 shares during the period. Institutional investors and hedge funds own 86.27% of the company’s stock.

Several equities analysts recently issued reports on the stock. BMO Capital Markets restated a “hold” rating and issued a $62.00 target price on shares of Activision Blizzard in a report on Thursday. Piper Jaffray Companies restated an “overweight” rating and issued a $65.00 target price on shares of Activision Blizzard in a report on Tuesday, July 18th. Argus restated a “buy” rating and issued a $70.00 target price (up previously from $65.00) on shares of Activision Blizzard in a report on Wednesday, August 16th. BidaskClub lowered shares of Activision Blizzard from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Vetr lowered shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $67.48 target price on the stock. in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $67.91.

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In related news, Director Brian G. Kelly sold 111,239 shares of Activision Blizzard stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $62.44, for a total transaction of $6,945,763.16. Following the completion of the transaction, the director now directly owns 189,791 shares of the company’s stock, valued at approximately $11,850,550.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction dated Friday, August 18th. The shares were 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 directly owns 48,472 shares of the company’s stock, valued at $2,972,303.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,074,879 shares of company stock valued at $252,196,001. 2.12% of the stock is currently owned by corporate insiders.

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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