Activision Blizzard, Inc (ATVI) Stake Raised by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. increased its stake in Activision Blizzard, Inc (NASDAQ:ATVI) by 6.8% during the second quarter, Holdings Channel reports. The fund owned 4,318 shares of the company’s stock after buying an additional 274 shares during the period. Stratos Wealth Partners LTD.’s holdings in Activision Blizzard were worth $249,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Menora Mivtachim Holdings LTD. raised its position in shares of Activision Blizzard by 0.4% in the second quarter. Menora Mivtachim Holdings LTD. now owns 283,850 shares of the company’s stock valued at $16,341,000 after buying an additional 1,050 shares during the last quarter. Sei Investments Co. raised its position in Activision Blizzard by 1.5% in the second quarter. Sei Investments Co. now owns 654,794 shares of the company’s stock valued at $37,696,000 after buying an additional 9,626 shares during the last quarter. First Manhattan Co. raised its position in Activision Blizzard by 2.4% in the second quarter. First Manhattan Co. now owns 11,262 shares of the company’s stock valued at $648,000 after buying an additional 263 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Activision Blizzard by 95.4% in the second quarter. Daiwa Securities Group Inc. now owns 93,479 shares of the company’s stock valued at $5,382,000 after buying an additional 45,629 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Activision Blizzard by 12.3% in the second quarter. Bessemer Group Inc. now owns 6,460 shares of the company’s stock valued at $372,000 after buying an additional 710 shares during the last quarter. 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’s 50 day moving average is $60.31 and its 200-day moving average is $52.86. The firm has a market cap of $45.45 billion, a P/E ratio of 40.65 and a beta of 1.07. Activision Blizzard, Inc has a 52-week low of $35.12 and a 52-week high of $64.06.

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Several research analysts recently commented on the stock. Piper Jaffray Companies restated an “overweight” rating and issued a $69.00 price target on shares of Activision Blizzard in a report on Friday, August 4th. Wedbush raised their price target on shares of Activision Blizzard to $3.00 and gave the company an “outperform” rating in a report on Friday, August 4th. Benchmark Co. raised their price target on shares of Activision Blizzard from $71.00 to $74.00 and gave the company a “buy” rating in a report on Friday, August 4th. Bank of America Corporation upgraded shares of Activision Blizzard from a “neutral” rating to a “buy” rating and raised their price target for the company from $65.00 to $76.00 in a report on Friday, August 4th. Finally, UBS AG raised their price target on shares of Activision Blizzard from $67.00 to $72.00 and gave the company a “buy” rating in a report on Sunday, August 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Activision Blizzard presently has an average rating of “Buy” and a consensus price target of $62.36.

In other 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 stock was sold at an average price of $55.45, for a total transaction of $1,095,747.45. Following the completion of the transaction, the insider now directly owns 55,509 shares in the company, valued at $3,077,974.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Brian G. Kelly sold 98,879 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $11,742,369.17. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,914,879 shares of company stock valued at $242,371,204. Corporate 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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