Huntington National Bank Boosts Position in Activision Blizzard, Inc (ATVI)

Huntington National Bank raised its stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) by 122.6% during the second quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ATVI. Harwood Advisory Group LLC raised its stake in Activision Blizzard by 0.7% in the second quarter. Harwood Advisory Group LLC now owns 5,288 shares of the company’s stock valued at $304,000 after buying an additional 36 shares during the period. Guardian Life Insurance Co. of America raised 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. TIAA CREF Trust Co. FSB MO raised its stake in Activision Blizzard by 0.7% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 12,157 shares of the company’s stock valued at $606,000 after buying an additional 90 shares during the period. Bbva Compass Bancshares Inc. raised its stake in Activision Blizzard by 0.3% in the first quarter. Bbva Compass Bancshares Inc. now owns 51,579 shares of the company’s stock valued at $2,572,000 after buying an additional 131 shares during the period. Finally, Steinberg Global Asset Management raised its stake in Activision Blizzard by 0.4% in the first quarter. Steinberg Global Asset Management now owns 35,542 shares of the company’s stock valued at $1,772,000 after buying an additional 131 shares during the period. 87.39% of the stock is currently owned by institutional investors and hedge funds.

Activision Blizzard, Inc (NASDAQ ATVI) traded up 1.04% during trading on Friday, hitting $62.01. 4,415,845 shares of the company’s stock were exchanged. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $64.06. The company has a market cap of $46.81 billion, a price-to-earnings ratio of 41.87 and a beta of 1.07. The firm has a 50 day moving average price of $60.72 and a 200 day moving average price of $53.83.

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Several equities research analysts have commented on ATVI shares. Cowen and Company increased their price objective on shares of Activision Blizzard from $51.00 to $59.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Piper Jaffray Companies restated an “overweight” rating and set a $69.00 price target on shares of Activision Blizzard in a research note on Friday, August 4th. Benchmark Co. raised their price target on shares of 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 raised their price target on shares of 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 reaffirmed a “neutral” rating and issued a $48.00 price objective (up from $44.00) on shares of Activision Blizzard in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $62.56.

In other Activision Blizzard news, insider Dennis M. Durkin sold 160,000 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $60.68, for a total transaction of $9,708,800.00. Following the completion of the transaction, the insider now owns 337,534 shares in the company, valued at $20,481,563.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Riccardo Zacconi sold 19,761 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of $61.32, for a total transaction of $1,211,744.52. Following the transaction, the chief executive officer now owns 48,472 shares of the company’s stock, valued at approximately $2,972,303.04. The disclosure for this sale can be found here. Insiders have sold 4,074,879 shares of company stock valued at $252,196,001 in the last quarter. 2.12% of the stock is owned by company 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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