Jaffetilchin Investment Partners LLC purchased a new position in Activision Blizzard, Inc (NASDAQ:ATVI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,584 shares of the company’s stock, valued at approximately $552,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Abner Herrman & Brock LLC raised its stake in Activision Blizzard by 8.2% in the first quarter. Abner Herrman & Brock LLC now owns 78,225 shares of the company’s stock worth $3,900,000 after buying an additional 5,920 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Activision Blizzard during the first quarter worth $476,000. Courier Capital LLC acquired a new stake in Activision Blizzard during the first quarter worth $264,000. Quantitative Systematic Strategies LLC raised its stake in Activision Blizzard by 396.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 38,411 shares of the company’s stock worth $1,915,000 after buying an additional 30,674 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Activision Blizzard by 121.0% in the first quarter. Nisa Investment Advisors LLC now owns 40,189 shares of the company’s stock worth $1,997,000 after buying an additional 22,000 shares during the last quarter. 87.39% of the stock is owned by institutional investors and hedge funds.

Activision Blizzard, Inc (NASDAQ:ATVI) opened at 61.97 on Wednesday. Activision Blizzard, Inc has a 1-year low of $35.12 and a 1-year high of $64.06. The stock has a 50 day moving average of $60.39 and a 200 day moving average of $53.55. The stock has a market capitalization of $46.78 billion, a P/E ratio of 41.84 and a beta of 1.07.

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A number of research firms have recently weighed in on ATVI. Wedbush set a $63.00 price objective on shares of Activision Blizzard and gave the stock a “buy” rating in a research note on Saturday, May 6th. UBS AG reiterated a “buy” rating and issued a $60.00 price objective (up previously from $57.00) on shares of Activision Blizzard in a research note on Friday, May 5th. Cowen and Company reiterated an “outperform” rating and issued a $66.00 price objective (up previously from $59.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. Robert W. Baird reiterated an “outperform” rating and issued a $68.00 price objective (up previously from $60.00) on shares of Activision Blizzard in a research note on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of Activision Blizzard from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective on the stock in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $62.36.

In related news, Director Brian G. Kelly sold 98,879 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $61.87, for a total value of $6,117,643.73. Following the sale, the director now directly owns 189,791 shares of the company’s stock, valued at approximately $11,742,369.17. 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 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 sale, the director now directly owns 189,791 shares in the company, valued at $11,850,550.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,055,118 shares of company stock worth $250,984,257. 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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