ETF Managers Group LLC Acquires Shares of 19,116 Activision Blizzard, Inc (ATVI)
ETF Managers Group LLC acquired a new stake in Activision Blizzard, Inc (NASDAQ:ATVI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 19,116 shares of the company’s stock, valued at approximately $1,156,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Guardian Life Insurance Co. of America grew its stake in shares of Activision Blizzard by 1.9% in the first quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock valued at $133,000 after buying an additional 51 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in shares of Activision Blizzard in the second quarter valued at $142,000. Huntington National Bank grew its stake in shares of Activision Blizzard by 122.6% in the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after buying an additional 1,366 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Activision Blizzard by 16.2% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after buying an additional 363 shares in the last quarter. Finally, Yorktown Management & Research Co Inc acquired a new stake in shares of Activision Blizzard in the second quarter valued at $201,000. 86.27% of the stock is owned by institutional investors and hedge funds.
In other Activision Blizzard news, insider Dennis M. Durkin sold 160,000 shares of the firm’s 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 of the company’s stock, valued at $20,481,563.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the chief executive officer now directly owns 48,472 shares in the company, valued at approximately $2,972,303.04. The disclosure for this sale can be found here. Insiders sold 4,074,879 shares of company stock worth $252,196,001 in the last three months. 2.12% of the stock is currently owned by corporate insiders.
Activision Blizzard, Inc (ATVI) traded down 0.54% during mid-day trading on Friday, hitting $62.75. The stock had a trading volume of 969,319 shares. Activision Blizzard, Inc has a 12-month low of $35.12 and a 12-month high of $66.58. The company has a 50-day moving average of $63.97 and a 200-day moving average of $58.25. The firm has a market cap of $47.37 billion, a PE ratio of 42.37 and a beta of 1.10.
ATVI has been the subject of a number of research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Activision Blizzard in a research note on Thursday, June 8th. Vetr raised Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.63 price objective for the company in a research note on Thursday, June 8th. Benchmark Co. lifted their price objective on Activision Blizzard from $60.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, June 21st. Oppenheimer Holdings, Inc. lifted their price objective on Activision Blizzard from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, June 22nd. Finally, CIBC reaffirmed an “outperform” rating and issued a $70.00 price objective (up from $60.00) on shares of Activision Blizzard in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $64.92.
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Activision Blizzard 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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