Traynor Capital Management Inc. boosted its position in Activision Blizzard, Inc (NASDAQ:ATVI) by 61.0% during the second quarter, Holdings Channel reports. The institutional investor owned 18,560 shares of the company’s stock after buying an additional 7,030 shares during the period. Traynor Capital Management Inc.’s holdings in Activision Blizzard were worth $1,131,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ATVI. FMR LLC increased its position in Activision Blizzard by 0.5% in the first quarter. FMR LLC now owns 112,040,404 shares of the company’s stock valued at $5,586,335,000 after buying an additional 560,282 shares during the period. BlackRock Inc. increased its position in Activision Blizzard by 3,032.9% in the first 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 during the period. Vanguard Group Inc. increased its position in Activision Blizzard by 6.8% in the first quarter. Vanguard Group Inc. now owns 46,195,943 shares of the company’s stock valued at $2,303,328,000 after buying an additional 2,943,200 shares during the period. State Street Corp increased its position in Activision Blizzard by 2.1% in the first quarter. State Street Corp now owns 25,482,605 shares of the company’s stock valued at $1,270,575,000 after buying an additional 523,213 shares during the period. Finally, Janus Capital Management LLC increased its position in Activision Blizzard by 4.0% in the first quarter. Janus Capital Management LLC now owns 18,069,393 shares of the company’s stock valued at $900,934,000 after buying an additional 691,950 shares during the period. Institutional investors own 87.37% of the company’s stock.

Activision Blizzard, Inc (NASDAQ ATVI) opened at 60.74 on Friday. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $64.06. The company has a market capitalization of $45.85 billion, a price-to-earnings ratio of 41.01 and a beta of 1.07. The stock has a 50 day moving average price of $60.30 and a 200 day moving average price of $53.02.

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Several equities analysts recently commented on ATVI shares. MKM Partners restated a “neutral” rating and set a $48.00 target price (up previously from $44.00) on shares of Activision Blizzard in a research report on Tuesday, May 2nd. Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.63 target price for the company in a research report on Thursday, June 8th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $60.00 target price (up previously from $53.00) on shares of Activision Blizzard in a research report on Friday, May 5th. Pacific Crest restated an “overweight” rating and set a $60.00 target price on shares of Activision Blizzard in a research report on Wednesday, April 26th. Finally, Stifel Nicolaus restated a “buy” rating and set a $59.00 target price (up previously from $53.00) on shares of Activision Blizzard in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Activision Blizzard has a consensus rating of “Buy” and a consensus price target of $62.36.

In related news, Director Brian G. Kelly sold 111,239 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $62.44, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brian G. Kelly sold 3,685,000 shares of the 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 owns 189,791 shares of the company’s stock, valued at $11,753,756.63. The disclosure for this sale can be found here. Insiders sold 3,914,879 shares of company stock valued at $242,371,204 over the last 90 days. 2.12% of the stock is currently owned by company insiders.

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

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