Investment Centers of America Inc. reduced its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 63.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,284 shares of the company’s stock after selling 14,461 shares during the period. Investment Centers of America Inc.’s holdings in Activision Blizzard were worth $536,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Macquarie Group Ltd. grew its position in Activision Blizzard by 0.4% in the 2nd quarter. Macquarie Group Ltd. now owns 12,345 shares of the company’s stock worth $711,000 after purchasing an additional 45 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Activision Blizzard by 0.7% in the second quarter. D.A. Davidson & CO. now owns 8,926 shares of the company’s stock valued at $513,000 after acquiring an additional 58 shares during the last quarter. Accuvest Global Advisors boosted its stake in Activision Blizzard by 2.0% in the second quarter. Accuvest Global Advisors now owns 9,758 shares of the company’s stock valued at $562,000 after acquiring an additional 194 shares during the last quarter. Commerce Bank boosted its stake in Activision Blizzard by 1.7% in the second quarter. Commerce Bank now owns 11,883 shares of the company’s stock valued at $684,000 after acquiring an additional 199 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Activision Blizzard by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,513 shares of the company’s stock valued at $2,966,000 after acquiring an additional 204 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Shares of Activision Blizzard, Inc (ATVI) opened at $62.40 on Friday. Activision Blizzard, Inc has a one year low of $35.12 and a one year high of $67.03. The firm has a market cap of $47,180.00, a PE ratio of 29.99, a P/E/G ratio of 2.29 and a beta of 1.06. The company has a quick ratio of 2.22, a current ratio of 2.25 and a debt-to-equity ratio of 0.44.

A number of equities analysts have recently commented on ATVI shares. Stifel Nicolaus reissued a “buy” rating on shares of Activision Blizzard in a report on Sunday, September 10th. Wedbush set a $75.00 price target on shares of Activision Blizzard and gave the stock a “buy” rating in a report on Thursday, October 26th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $69.00 target price 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 $64.58 target price on the stock in a report on Tuesday, October 10th. Finally, Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 target price on the stock in a report on Friday, October 27th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $68.71.

In related news, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $63.64, for a total value of $1,257,590.04. Following the completion of the transaction, the chief executive officer now directly owns 41,435 shares of the company’s stock, valued at approximately $2,636,923.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.12% of the stock is owned by corporate insiders.

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

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