Activision Blizzard, Inc (ATVI) Shares Sold by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. decreased its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 9.3% during the second quarter, Holdings Channel reports. The firm owned 3,042,812 shares of the company’s stock after selling 313,374 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Activision Blizzard were worth $175,175,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in ATVI. Guardian Life Insurance Co. of America increased its stake in Activision Blizzard by 1.9% in the first quarter. Guardian Life Insurance Co. of America now owns 2,671 shares of the company’s stock valued at $133,000 after buying an additional 51 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in Activision Blizzard during the second quarter valued at $142,000. Huntington National Bank increased its stake in Activision Blizzard by 122.6% in the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after buying an additional 1,366 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in Activision Blizzard by 504.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,023 shares of the company’s stock valued at $151,000 after buying an additional 2,523 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in Activision Blizzard during the first quarter valued at $202,000. Institutional investors and hedge funds own 87.37% of the company’s stock.

Shares of Activision Blizzard, Inc (NASDAQ:ATVI) opened at 60.21 on Friday. The stock has a market cap of $45.45 billion, a price-to-earnings ratio of 40.65 and a beta of 1.07. The stock’s 50 day moving average price is $60.31 and its 200-day moving average price is $52.86. Activision Blizzard, Inc has a 52 week low of $35.12 and a 52 week high of $64.06.

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ATVI has been the subject of several research analyst reports. Wedbush set a $63.00 target price on Activision Blizzard and gave the stock a “buy” rating in a research report on Saturday, May 6th. Jefferies Group LLC reiterated a “buy” rating and set a $55.00 target price on shares of Activision Blizzard in a research report on Tuesday, April 18th. Vetr upgraded Activision Blizzard from a “hold” rating to a “buy” rating and set a $50.88 target price for the company in a research report on Monday, April 17th. Stifel Nicolaus reiterated a “buy” rating and set a $59.00 target price (up from $53.00) on shares of Activision Blizzard in a research report on Tuesday, May 2nd. Finally, Benchmark Co. reiterated a “buy” rating and set a $57.88 target price (up from $53.96) on shares of Activision Blizzard in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Activision Blizzard currently has a consensus rating of “Buy” and a consensus target price of $62.36.

In other news, Director Brian G. Kelly sold 98,879 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $61.87, for a total value of $6,117,643.73. Following the transaction, the director now owns 189,791 shares in the company, valued at approximately $11,742,369.17. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brian G. Kelly sold 3,685,000 shares of the stock in a transaction dated 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 transaction, the director now 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 quarter, insiders sold 3,914,879 shares of company stock worth $242,371,204. Company 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.

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

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