Lee Capital Management LP lessened its holdings in Activision Blizzard, Inc (NASDAQ:ATVI) by 47.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,000 shares of the company’s stock after selling 9,000 shares during the period. Lee Capital Management LP’s holdings in Activision Blizzard were worth $576,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ATVI. People s United Financial Inc. grew its position in shares of Activision Blizzard by 791.0% during the second quarter. People s United Financial Inc. now owns 22,275 shares of the company’s stock valued at $1,282,000 after purchasing an additional 19,775 shares in the last quarter. First Allied Advisory Services Inc. grew its position in shares of Activision Blizzard by 295.2% during the second quarter. First Allied Advisory Services Inc. now owns 26,944 shares of the company’s stock valued at $1,568,000 after purchasing an additional 20,127 shares in the last quarter. PDT Partners LLC grew its position in shares of Activision Blizzard by 0.8% during the second quarter. PDT Partners LLC now owns 141,955 shares of the company’s stock valued at $8,172,000 after purchasing an additional 1,155 shares in the last quarter. QS Investors LLC grew its position in shares of Activision Blizzard by 15.3% during the second quarter. QS Investors LLC now owns 20,396 shares of the company’s stock valued at $1,174,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Bayesian Capital Management LP grew its position in shares of Activision Blizzard by 180.0% during the second quarter. Bayesian Capital Management LP now owns 15,400 shares of the company’s stock valued at $887,000 after purchasing an additional 9,900 shares in the last quarter. Institutional investors and hedge funds own 86.27% of the company’s stock.

Activision Blizzard, Inc (ATVI) traded up 1.53% during mid-day trading on Friday, hitting $64.51. 5,048,302 shares of the stock traded hands. The stock has a 50-day moving average price of $63.45 and a 200-day moving average price of $57.13. The stock has a market cap of $48.70 billion, a P/E ratio of 43.56 and a beta of 1.08. Activision Blizzard, Inc has a 12 month low of $35.12 and a 12 month high of $66.58.

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In other news, CEO Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were 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 owns 48,472 shares in the company, valued at $2,972,303.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian G. Kelly sold 3,685,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $61.93, for a total transaction of $228,212,050.00. Following the transaction, the director now 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 4,074,879 shares of company stock valued at $252,196,001 in the last 90 days. Insiders own 2.12% of the company’s stock.

ATVI has been the subject of a number of research analyst reports. Buckingham Research initiated coverage on Activision Blizzard in a research report on Wednesday, September 20th. They set a “buy” rating and a $79.00 price objective for the company. Piper Jaffray Companies restated an “overweight” rating and set a $69.00 price objective on shares of Activision Blizzard in a research report on Friday, August 4th. Vetr lowered Activision Blizzard from a “hold” rating to a “sell” rating and set a $61.90 price objective for the company. in a research report on Thursday, August 31st. Benchmark Co. raised their price objective on Activision Blizzard from $71.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, UBS AG raised their price objective on Activision Blizzard from $67.00 to $72.00 and gave the company a “buy” rating in a research report on Sunday, August 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $64.32.

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.

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

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