American National Registered Investment Advisor Inc. Has $1,204,000 Stake in Activision Blizzard, Inc (NASDAQ:ATVI)

American National Registered Investment Advisor Inc. continued to hold its position in shares of Activision Blizzard, Inc (NASDAQ:ATVI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,909 shares of the company’s stock at the end of the second quarter. American National Registered Investment Advisor Inc.’s holdings in Activision Blizzard were worth $1,204,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. BlackRock Inc. raised 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 worth $2,438,753,000 after buying an additional 47,350,818 shares in the last quarter. Jennison Associates LLC raised its position in Activision Blizzard by 110,271.4% in the first quarter. Jennison Associates LLC now owns 12,179,488 shares of the company’s stock worth $607,269,000 after buying an additional 12,168,453 shares in the last quarter. Egerton Capital UK LLP raised its position in Activision Blizzard by 225.7% in the first quarter. Egerton Capital UK LLP now owns 12,219,008 shares of the company’s stock worth $609,240,000 after buying an additional 8,467,902 shares in the last quarter. Caxton Associates LP bought a new position in Activision Blizzard during the first quarter worth approximately $149,610,000. Finally, Iridian Asset Management LLC CT bought a new position in Activision Blizzard during the first quarter worth approximately $148,547,000. 87.37% of the stock is currently owned by hedge funds and other institutional investors.

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

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ATVI has been the topic of several recent research reports. Vetr upgraded shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $50.88 price target on the stock in a research report on Monday, April 17th. Credit Suisse Group restated an “outperform” rating and issued a $62.00 price target (up previously from $61.00) on shares of Activision Blizzard in a research report on Friday, May 5th. Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Wednesday, July 5th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $59.00 price objective (up previously from $53.00) on shares of Activision Blizzard in a research note on Tuesday, May 2nd. Finally, Benchmark Co. reaffirmed a “buy” rating and issued a $57.88 price objective (up previously from $53.96) on shares of Activision Blizzard in a research note on Monday, May 1st. One 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 given a strong buy rating to the company. Activision Blizzard presently has an average rating of “Buy” and a consensus target price of $62.36.

In related news, CEO of King Digital Riccardo Zacconi sold 19,761 shares of the company’s 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 transaction, the insider now directly owns 55,509 shares in the company, valued at $3,077,974.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brian G. Kelly sold 3,685,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $61.93, for a total transaction of $228,212,050.00. Following the completion of the transaction, the director now owns 189,791 shares in the company, valued at $11,753,756.63. The disclosure for this sale can be found here. Over the last quarter, insiders have 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.

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

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