Wetherby Asset Management Inc. reduced its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,113 shares of the company’s stock after selling 288 shares during the period. Wetherby Asset Management Inc.’s holdings in Activision Blizzard were worth $409,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ATVI. FMR LLC raised its position in shares of 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 in the last quarter. BlackRock Inc. raised its position in shares of 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 in the last quarter. Vanguard Group Inc. raised its position in shares of 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 in the last quarter. State Street Corp raised its position in shares of 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 in the last quarter. Finally, Janus Capital Management LLC raised its position in shares of 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 in the last quarter. 87.39% of the stock is owned by hedge funds and other institutional investors.

Activision Blizzard, Inc (NASDAQ ATVI) opened at 61.89 on Tuesday. Activision Blizzard, Inc has a one year low of $35.12 and a one year high of $64.06. The company has a market capitalization of $46.72 billion, a PE ratio of 41.79 and a beta of 1.07. The company has a 50-day moving average price of $60.34 and a 200-day moving average price of $53.38.

ILLEGAL ACTIVITY WARNING: “Wetherby Asset Management Inc. Decreases Stake in Activision Blizzard, Inc (ATVI)” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/wetherby-asset-management-inc-decreases-stake-in-activision-blizzard-inc-atvi/1489302.html.

ATVI has been the subject of several research reports. Cowen and Company increased their target price on Activision Blizzard from $51.00 to $59.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Piper Jaffray Companies restated an “overweight” rating and issued a $69.00 price target on shares of Activision Blizzard in a research note on Friday, August 4th. Benchmark Co. upped their price target on Activision Blizzard from $71.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. UBS AG upped their price target on Activision Blizzard from $67.00 to $72.00 and gave the stock a “buy” rating in a research note on Sunday, August 6th. Finally, MKM Partners restated a “neutral” rating and issued a $48.00 price target (up previously from $44.00) on shares of Activision Blizzard in a research note on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $62.36.

In other Activision Blizzard news, Director Brian G. Kelly sold 98,879 shares of the company’s stock in a transaction on 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 $11,742,369.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO of King Digital Riccardo Zacconi sold 19,761 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $55.45, for a total transaction of $1,095,747.45. Following the completion of the sale, the insider now directly owns 55,509 shares in the company, valued at $3,077,974.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,914,879 shares of company stock worth $242,371,204. 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.

Want to see what other hedge funds are holding ATVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Activision Blizzard, Inc (NASDAQ:ATVI).

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

Receive News & Ratings for Activision Blizzard Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Activision Blizzard Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.