Wedbush Securities Inc. boosted its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 10.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,923 shares of the company’s stock after buying an additional 1,176 shares during the period. Wedbush Securities Inc.’s holdings in Activision Blizzard were worth $686,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Abner Herrman & Brock LLC boosted its position in shares of Activision Blizzard by 8.2% in the first quarter. Abner Herrman & Brock LLC now owns 78,225 shares of the company’s stock valued at $3,900,000 after buying an additional 5,920 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Activision Blizzard during the first quarter valued at about $476,000. Courier Capital LLC purchased a new position in shares of Activision Blizzard during the first quarter valued at about $264,000. Quantitative Systematic Strategies LLC boosted its position in shares of Activision Blizzard by 396.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 38,411 shares of the company’s stock valued at $1,915,000 after buying an additional 30,674 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Activision Blizzard by 121.0% in the first quarter. Nisa Investment Advisors LLC now owns 40,189 shares of the company’s stock valued at $1,997,000 after buying an additional 22,000 shares during the period. 87.39% of the stock is currently owned by institutional investors.

Activision Blizzard, Inc (NASDAQ ATVI) opened at 61.89 on Tuesday. The stock has a market cap of $46.72 billion, a price-to-earnings ratio of 41.79 and a beta of 1.07. Activision Blizzard, Inc has a 52 week low of $35.12 and a 52 week high of $64.06. The company has a 50-day moving average price of $60.34 and a 200-day moving average price of $53.38.

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Several research analysts recently issued reports on the company. Piper Jaffray Companies reissued an “overweight” rating and issued a $69.00 price objective on shares of Activision Blizzard in a research note on Friday, August 4th. Wedbush upped their target price on Activision Blizzard to $3.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Benchmark Co. upped their target price on Activision Blizzard from $71.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Bank of America Corporation upgraded Activision Blizzard from a “neutral” rating to a “buy” rating and upped their target price for the stock from $65.00 to $76.00 in a report on Friday, August 4th. Finally, UBS AG upped their target price on Activision Blizzard from $67.00 to $72.00 and gave the stock a “buy” rating in a report on Sunday, August 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $62.36.

In related news, Director Brian G. Kelly sold 3,685,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $61.93, for a total value of $228,212,050.00. Following the completion of the sale, the director now directly owns 189,791 shares of the company’s stock, valued at $11,753,756.63. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Brian G. Kelly sold 111,239 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 189,791 shares of the company’s stock, valued at $11,850,550.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,914,879 shares of company stock valued at $242,371,204. 2.12% of the stock is 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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