Kingfisher Capital LLC lowered its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 1.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,830 shares of the company’s stock after selling 676 shares during the quarter. Activision Blizzard makes up about 1.4% of Kingfisher Capital LLC’s holdings, making the stock its 21st biggest position. Kingfisher Capital LLC’s holdings in Activision Blizzard were worth $2,005,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of ATVI. BlackRock Inc. lifted its stake in Activision Blizzard by 3,032.9% in the 1st quarter. BlackRock Inc. now owns 48,912,065 shares of the company’s stock valued at $2,438,753,000 after buying an additional 47,350,818 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Activision Blizzard by 820.8% in the 2nd quarter. Janus Henderson Group PLC now owns 20,298,735 shares of the company’s stock valued at $1,168,587,000 after buying an additional 18,094,334 shares in the last quarter. Jennison Associates LLC lifted its stake in Activision Blizzard by 82.6% in the 2nd quarter. Jennison Associates LLC now owns 22,287,591 shares of the company’s stock valued at $1,283,097,000 after buying an additional 10,083,717 shares in the last quarter. Capital World Investors lifted its stake in Activision Blizzard by 23.8% in the 2nd quarter. Capital World Investors now owns 22,538,000 shares of the company’s stock valued at $1,297,513,000 after buying an additional 4,327,000 shares in the last quarter. Finally, Caxton Associates LP purchased a new stake in Activision Blizzard in the 1st quarter valued at approximately $149,610,000. 86.27% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction on Friday, August 18th. The shares were sold at an average price of $61.32, for a total value of $1,211,744.52. Following the completion of the sale, the chief executive officer now owns 48,472 shares of the company’s stock, valued at approximately $2,972,303.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian G. Kelly sold 3,685,000 shares of Activision Blizzard stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $61.93, for a total transaction 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 approximately $11,753,756.63. The disclosure for this sale can be found here. Insiders have sold a total of 4,074,879 shares of company stock valued at $252,196,001 in the last three months. Company insiders own 2.12% of the company’s stock.

A number of research firms recently issued reports on ATVI. Needham & Company LLC reaffirmed a “buy” rating and issued a $75.00 target price on shares of Activision Blizzard in a research note on Thursday. Cowen and Company reaffirmed an “outperform” rating and issued a $66.00 target price (up previously from $59.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. Robert W. Baird reaffirmed an “outperform” rating and issued a $68.00 target price (up previously from $60.00) on shares of Activision Blizzard in a research note on Thursday, August 10th. Zacks Investment Research lowered Activision Blizzard from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $78.00 target price (up previously from $68.00) on shares of Activision Blizzard in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. Activision Blizzard has a consensus rating of “Buy” and an average price target of $65.33.

Shares of Activision Blizzard, Inc (ATVI) traded up 1.60% during mid-day trading on Thursday, reaching $62.34. The company had a trading volume of 2,198,745 shares. The stock has a market capitalization of $47.06 billion, a P/E ratio of 42.09 and a beta of 1.10. The company’s 50-day moving average is $63.90 and its 200 day moving average is $58.70. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $66.58.

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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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