Moody National Bank Trust Division Has $1,091,000 Position in Activision Blizzard, Inc (ATVI)

Moody National Bank Trust Division maintained its position in shares of Activision Blizzard, Inc (NASDAQ:ATVI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,964 shares of the company’s stock at the end of the second quarter. Moody National Bank Trust Division’s holdings in Activision Blizzard were worth $1,091,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Guardian Life Insurance Co. of America increased its position in shares of 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 worth $133,000 after buying an additional 51 shares during the period. Huntington National Bank increased its position in shares of Activision Blizzard by 122.6% in the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock worth $143,000 after buying an additional 1,366 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Activision Blizzard by 504.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,023 shares of the company’s stock worth $151,000 after buying an additional 2,523 shares during the period. Stratos Wealth Partners LTD. purchased a new position in shares of Activision Blizzard during the first quarter worth approximately $202,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Activision Blizzard during the first quarter worth approximately $208,000. 87.37% of the stock is currently owned by institutional investors.

Shares of Activision Blizzard, Inc (NASDAQ:ATVI) opened at 60.74 on Friday. Activision Blizzard, Inc has a 12 month low of $35.12 and a 12 month high of $64.06. The stock’s 50 day moving average is $60.30 and its 200 day moving average is $53.02. The stock has a market cap of $45.85 billion, a P/E ratio of 41.01 and a beta of 1.07.

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A number of brokerages have commented on ATVI. Vetr raised shares of Activision Blizzard from a “sell” rating to a “buy” rating and set a $59.23 target price on the stock in a research note on Tuesday, May 2nd. CIBC reiterated an “outperform” rating and set a $70.00 price target (up from $60.00) on shares of Activision Blizzard in a research report on Thursday, June 22nd. BidaskClub cut shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 28th. Robert W. Baird reiterated an “outperform” rating on shares of Activision Blizzard in a research report on Monday, July 3rd. Finally, UBS AG reiterated a “buy” rating and set a $60.00 price target (up from $57.00) on shares of Activision Blizzard in a research report on Friday, May 5th. One investment 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 issued a strong buy rating to the stock. Activision Blizzard has an average rating of “Buy” and an average price target of $62.36.

In other Activision Blizzard news, CEO of King Digital Riccardo Zacconi sold 19,761 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $55.45, for a total value of $1,095,747.45. Following the completion of the sale, the insider now owns 55,509 shares of the company’s stock, valued at $3,077,974.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brian G. Kelly sold 111,239 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $62.44, for a total transaction of $6,945,763.16. Following the completion of the sale, the director now directly owns 189,791 shares of the company’s stock, valued at approximately $11,850,550.04. The disclosure for this sale can be found here. Insiders sold 3,914,879 shares of company stock valued at $242,371,204 in the last ninety days. 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.

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

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