36,670 Shares in Activision Blizzard, Inc (ATVI) Acquired by Lyell Wealth Management LP

Lyell Wealth Management LP acquired a new stake in shares of Activision Blizzard, Inc (NASDAQ:ATVI) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 36,670 shares of the company’s stock, valued at approximately $2,366,000.

Other hedge funds have also recently made changes to their positions in the company. Cornerstone Advisors Inc. grew its stake in Activision Blizzard by 321.5% during the third quarter. Cornerstone Advisors Inc. now owns 1,547 shares of the company’s stock valued at $100,000 after acquiring an additional 1,180 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new position in Activision Blizzard during the second quarter valued at $142,000. Huntington National Bank grew its stake in Activision Blizzard by 122.6% during the second quarter. Huntington National Bank now owns 2,480 shares of the company’s stock valued at $143,000 after acquiring an additional 1,366 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in Activision Blizzard by 16.2% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,606 shares of the company’s stock valued at $150,000 after acquiring an additional 363 shares in the last quarter. Finally, Phocas Financial Corp. purchased a new position in Activision Blizzard during the second quarter valued at $173,000. Hedge funds and other institutional investors own 86.27% of the company’s stock.

Activision Blizzard, Inc (NASDAQ:ATVI) traded up 1.67% during mid-day trading on Monday, hitting $65.21. 3,750,081 shares of the stock traded hands. The stock has a market cap of $49.23 billion, a PE ratio of 44.03 and a beta of 1.10. The company has a 50 day moving average of $63.16 and a 200-day moving average of $59.70. Activision Blizzard, Inc has a 12-month low of $35.12 and a 12-month high of $66.58.

Several equities analysts recently weighed in on ATVI shares. MKM Partners reaffirmed a “buy” rating and set a $63.00 target price (up from $60.00) on shares of Activision Blizzard in a research note on Wednesday, July 26th. Zacks Investment Research raised shares of Activision Blizzard from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Wednesday, July 5th. Needham & Company LLC started coverage on shares of Activision Blizzard in a research note on Monday, July 17th. They set a “buy” rating and a $75.00 target price for the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $68.00 target price on shares of Activision Blizzard in a research note on Thursday, July 13th. Finally, Vetr cut shares of Activision Blizzard from a “strong-buy” rating to a “buy” rating and set a $67.48 target price for the company. in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $67.91.

In other news, insider Dennis M. Durkin sold 160,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 337,534 shares in the company, valued at $20,481,563.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Brian G. Kelly sold 3,685,000 shares of the firm’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 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. In the last three months, insiders have sold 4,074,879 shares of company stock worth $252,196,001. 2.12% of the stock is owned by corporate insiders.

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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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