First City Capital Management Inc. lessened its position in Activision Blizzard, Inc (NASDAQ:ATVI) by 1.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,750 shares of the company’s stock after selling 150 shares during the period. First City Capital Management Inc.’s holdings in Activision Blizzard were worth $446,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. acquired a new stake in shares of Activision Blizzard in the 2nd quarter worth $142,000. Huntington National Bank lifted its stake in shares of Activision Blizzard by 122.6% in the 2nd quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after acquiring an additional 1,366 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of 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 worth $150,000 after acquiring an additional 363 shares during the period. Guardian Life Insurance Co. of America lifted its stake in shares of 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 worth $133,000 after acquiring an additional 51 shares during the period. Finally, Yorktown Management & Research Co Inc acquired a new stake in shares of Activision Blizzard in the 2nd quarter worth $201,000. Institutional investors own 86.27% of the company’s stock.

Several research firms have recently commented on ATVI. Piper Jaffray Companies restated an “overweight” rating and issued a $65.00 target price on shares of Activision Blizzard in a research note 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 research note on Wednesday, August 16th. Oppenheimer Holdings, Inc. raised their target price on shares of Activision Blizzard from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, June 22nd. Vetr cut shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $67.48 target price for the company. in a research note on Wednesday, July 12th. Finally, BidaskClub cut shares of Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $64.32.

In other news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard 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 in the company, valued at approximately $2,972,303.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dennis M. Durkin sold 160,000 shares of Activision Blizzard stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $60.68, for a total value of $9,708,800.00. Following the transaction, the insider now owns 337,534 shares in the company, valued at approximately $20,481,563.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,074,879 shares of company stock worth $252,196,001. Company insiders own 2.12% of the company’s stock.

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Shares of Activision Blizzard, Inc (NASDAQ:ATVI) traded up 1.53% during midday trading on Friday, hitting $64.51. 5,048,302 shares of the stock were exchanged. The stock’s 50-day moving average price is $63.45 and its 200 day moving average price is $57.13. Activision Blizzard, Inc has a one year low of $35.12 and a one year high of $66.58. The stock has a market cap of $48.70 billion, a P/E ratio of 43.56 and a beta of 1.08.

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.

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

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