Huntington National Bank Purchases 1,366 Shares of Activision Blizzard, Inc (ATVI)

Huntington National Bank boosted its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 122.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,480 shares of the company’s stock after buying an additional 1,366 shares during the period. Huntington National Bank’s holdings in Activision Blizzard were worth $143,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Coastline Trust Co increased its stake in shares of Activision Blizzard by 22.0% in the first quarter. Coastline Trust Co now owns 14,050 shares of the company’s stock valued at $701,000 after buying an additional 2,530 shares in the last quarter. Telemus Capital LLC purchased a new stake in shares of Activision Blizzard during the first quarter valued at approximately $696,000. Fox Run Management L.L.C. purchased a new stake in shares of Activision Blizzard during the first quarter valued at approximately $329,000. BKD Wealth Advisors LLC increased its stake in shares of Activision Blizzard by 7.0% in the first quarter. BKD Wealth Advisors LLC now owns 7,406 shares of the company’s stock valued at $369,000 after buying an additional 486 shares in the last quarter. Finally, Regentatlantic Capital LLC increased its stake in shares of Activision Blizzard by 11.0% in the first quarter. Regentatlantic Capital LLC now owns 8,068 shares of the company’s stock valued at $402,000 after buying an additional 800 shares in the last quarter. Institutional investors own 87.37% of the company’s stock.

Activision Blizzard, Inc (ATVI) traded up 0.88% during trading on Friday, reaching $60.74. The company’s stock had a trading volume of 5,571,259 shares. Activision Blizzard, Inc has a 12 month low of $35.12 and a 12 month high of $64.06. The company’s 50-day moving average is $60.31 and its 200-day moving average is $52.86. The stock has a market cap of $45.85 billion, a PE ratio of 41.01 and a beta of 1.07.

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ATVI has been the topic of several research reports. Piper Jaffray Companies reiterated an “overweight” rating and set a $69.00 price target on shares of Activision Blizzard in a research report on Friday, August 4th. Bank of America Corporation upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating and upped their price target for the stock from $65.00 to $76.00 in a research report on Friday, August 4th. Benchmark Co. upped their price target on shares of Activision Blizzard from $71.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Wedbush upped their price target on shares of Activision Blizzard to $3.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. Finally, UBS AG upped their price target on shares of Activision Blizzard from $67.00 to $72.00 and gave the stock a “buy” rating in a research report on Sunday, August 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $62.36.

In related news, CEO of King Digital Riccardo Zacconi sold 19,761 shares of Activision Blizzard stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $55.45, for a total transaction of $1,095,747.45. Following the transaction, the insider now owns 55,509 shares of the company’s stock, valued at $3,077,974.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brian G. Kelly sold 3,685,000 shares of Activision Blizzard stock in a transaction that occurred 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 transaction, the director now directly owns 189,791 shares in the company, valued at approximately $11,753,756.63. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,914,879 shares of company stock valued at $242,371,204. Corporate insiders own 2.12% of the company’s stock.

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.

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

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